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DOE Awards Grant to Applied Nanotech

May 13, 2008

The government will fund efforts to develop nanoparticle inks and processes used to print photovoltaic cells for use in solar cell applications.

AUSTIN, TX /Marketwire/ -- Austin, Texas-based Nano-Proprietary Inc. announced that its subsidiary Applied Nanotech Inc. (ANI) has been selected to be awarded a new phase I Small Business Innovation Research Program grant by the U.S. Department of Energy in the approximate amount of $100,000.

The purpose of the grant is to develop nanoparticle inks and processes for printing photovoltaic cells for use in solar cell applications. The goal is to lower the cost of fabrication while maintaining or improving cell performance over conventional technologies.

"We are pleased to be selected for this award," said Dr. Zvi Yaniv, President and Chief Executive Officer of ANI. "This grant allows us to expand our field of application to green energy while capitalizing on our achievements in the development work related to metallic nanoparticles ink."

About Nano-Proprietary
Nano-Proprietary Inc. is a holding company consisting of two wholly owned operating subsidiaries. Applied Nanotech Inc. is a premier research and commercialization organization dedicated to developing applications for nanotechnology with an extremely strong position in the fields of electron emission applications from carbon film/nanotubes, sensors, functionalized nanomaterials, and nanoelectronics. Electronic Billboard Technology Inc. possesses technology related to electronic digitized sign technology. The companies have over 250 patents or patents pending. Nano-Proprietary's business model is to license its technology to partners that will manufacture and distribute products using the technology.

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