ALTO, CA -- (MARKET WIRE) -- 01/18/2005 -- Nanosys,
Inc. today announced it entered into a collaborative
agreement with Sharp Corporation of Osaka, Japan,
to develop nanotechnology-enabled fuel cells incorporating
Nanosys' proprietary nanostructure technology. Under
the terms of the agreement, Nanosys will collaborate
with Sharp to utilize its nanostructure technology
to help develop high performance fuel cells for use
in portable consumer electronics such as laptop computers,
cell phones and cameras. Financial details of the
agreement were not disclosed.
"Sharp's expertise and
success in the development and commercialization of
portable electronics and renewable energy products
makes them an excellent collaborator for Nanosys,"
said Calvin Chow, Nanosys' Chief Executive Officer.
"We are excited about the opportunity to apply
our nanostructure technology with Sharp to address
the numerous opportunities in the rapidly growing
multi-billion dollar portable power market."
"Through this agreement,
we look forward to further developing our fuel cell
technology for use in our portable electronic products,"
said Dr. Kenji Ohta, Corporate Executive Director,
Chief Research and Development Officer and Group General
Manager of Corporate Research and Development Group,
Sharp Corporation. "We are very pleased to be
working in this field with the leading nanotechnology
The tremendous growth in unit
sales of portable electronic devices, coupled with
an increasing burden on battery life as applications
become ever more complex, has created a serious concern
amongst device manufacturers about power requirements.
The inherent higher energy density of small fuel cells
in comparison to batteries has the potential to lead
to both longer operational time and serve the power
demands of next generation portable electronics.
Nanosys, Inc. is a leader in
the development of nanotechnology-based products utilizing
high performance inorganic nanostructures. Nanosys
has built one of the broadest technology platforms
in the industry with more than 300 patents and patent
applications covering fundamental areas of nanotechnology.
Based in Palo Alto, Calif., and privately held, Nanosys
collaborates with industry leaders including Sharp,
Dupont, Intel, Matsushita Electric Works and SAIC
to develop revolutionary high-value, high-performance
products for computing, optoelectronics, communications,
energy, defense and the life and physical sciences.
Additional information on Nanosys can be found at
About Sharp Corporation
Sharp Corporation is a worldwide
developer of innovative products and core technologies
that play a key role in shaping the future of electronics.
As a leader in liquid crystal displays (LCDs) and
digital technologies, Sharp offers one of the broadest
and most advanced lines of consumer electronics, information
products and electronic components, while also creating
new network businesses.
Sharp Corporation employs about
55,100 people in the world (as of November 30, 2004)
and recorded consolidated annual sales of over 2,257,273
million yen for the fiscal year ended March 31, 2004.
For more information, please visit Sharp's Web site
Chief Financial Officer
SOURCE: Nanosys, Inc.