SOURCE: Nanosys, Inc.

August 22, 2007 12:07 ET

Nanosys and In-Q-Tel Expand Its Macroelectronics Collaboration to Develop High-Performance Electronics

PALO ALTO, CA--(Marketwire - August 22, 2007) - Nanosys, Inc. today announced that it has entered into an agreement to further expand its collaboration with In-Q-Tel, the independent strategic investment firm that identifies innovative technologies to support the mission of the Central Intelligence Agency (CIA) and the broader Intelligence Community. Under the collaboration, Nanosys will apply its novel electronics technology for innovative uses in the area of high-performance communications. The terms of the agreement include development funding to Nanosys, with specific financial details undisclosed.

Nanosys' proprietary Macroelectronics utilizes a unique film of nanostructures to form arbitrarily large area high-performance electronic circuits, without the need for many of the complex and costly processing steps common in traditional thin-film transistor manufacturing. The technology is compatible with flexible or rigid substrates such as plastic or glass, and enables electronic integration of multiple functions directly onto a single substrate material. Macroelectronics can be applied to numerous application areas, including flexible or flat panel displays, RFID (radio frequency identification) tags, and antennas.

"Nanosys continues to deliver impressive technology capabilities," said Troy M. Pearsall, In-Q-Tel's Executive Vice President of Technology Transfer. "Nanosys' proprietary technology offers great promise for leading-edge applications for customers in both the government and commercial markets."

"In-Q-Tel has been very instrumental in helping us identify high-value nanotechnology-based product opportunities to address important government needs," said Calvin Chow, Chief Executive Officer of Nanosys. "We look forward to the exciting new products that can emerge from this next stage of our collaboration."

About In-Q-Tel

In-Q-Tel is the strategic not-for-profit investment firm that works to identify, advance, and deliver innovative technology solutions to support the mission of the U.S. Intelligence Community. Launched by the CIA in 1999 as a private, independent organization, In-Q-Tel's mission is to identify and partner with companies developing cutting-edge technologies that serve the national security interests of the United States. Working from an evolving strategic blueprint defining the Intelligence Community's critical technology needs, In-Q-Tel engages with entrepreneurs, growth companies, researchers, and venture capitalists to deliver technologies that provide superior capabilities for the CIA and the larger Intelligence Community. In-Q-Tel concentrates on several broad commercial technology areas, including application software and analytics; communications and infrastructure; embedded systems and power; and bio, chemical, and nanotechnology. To date, In-Q-Tel has engaged with more than 100 companies and delivered more than 140 technology solutions to the Intelligence Community. To learn more about In-Q-Tel, visit www.in-q-tel.org.

About Nanosys

Nanosys, Inc. is a leader in the development of nanotechnology-enabled products utilizing high-performance inorganic nanostructures. Nanosys has built one of the broadest technology platforms in the industry with over 500 patents and patent applications covering fundamental areas of nanotechnology. Based in Palo Alto, California and privately held, Nanosys collaborates with industry leaders to develop revolutionary high-value, high-performance products for computing, optoelectronics, communications, renewable energy, defense and the life sciences. Additional information on Nanosys can be found at www.nanosysinc.com.

Contact Information

  • Nanosys Contact:
    Peter Garcia
    Chief Financial Officer
    (650) 331-2154
    Email Contact