BEACH, Calif.--(BUSINESS WIRE)--Aug. 24, 2004--Acacia
Research Corporation (Nasdaq:ACTG)(Nasdaq:CBMX) announced
today that its CombiMatrix group's strategic partner,
Nanomaterials Discovery Corporation (NDC), has been
awarded $2.5 million from the Department of Defense
for the development of its fuel cell technology. NDC
will utilize CombiMatrix's NanoArrays(TM) for the
further discovery and optimization of a new class
of fuel cells powered by high-energy materials such
as propellants and explosives.
The technology developed by NDC under this program
will be used to produce portable power devices for
soldiers and enable development of miniature power
supplies for fusing and arming munitions. Also envisioned
are "self-sterilizing" smart land mines
that render themselves harmless after a certain period
of time for land mine remediation.
"CombiMatrix's NanoArray technology in conjunction
with NDC's intellectual property and product development
activities are a key element in rapidly commercializing
this new class of fuel cells," said Dr. Don Montgomery,
President and CEO of NDC. "The Department of
Defense is one of the largest customers for energy
storage and delivery devices and we are delighted
that Congress has elected to support this important
and innovative project."
"We are pleased that our partner NDC has been
recognized through this DOD award," said Dr.
Amit Kumar, President and CEO of CombiMatrix. "This
work is very timely considering the recent increases
in the price of oil. The work performed under this
award will not only enable advancement in fuel cell
technology, but will also enable land mine remediation
ABOUT COMBIMATRIX'S NANOARRAYS(TM)
CombiMatrix's NanoArrays(TM) technology, which integrates
the advanced functionality and tremendous scalability
of silicon integrated circuit technologies with nano-scale
electrochemical reaction control, provides a versatile
platform for nanotechnology development and commercialization.
The CombiMatrix platform incorporates thousands to
millions of independently addressable micro-electrodes
on a semiconductor chip that allows for the parallel
synthesis, immobilization, and measurement of very
large numbers of molecules and materials.
ABOUT NANOMATERIALS DISCOVERY CORPORATION
Nanomaterials Discovery Corporation (NDC) was founded
in 2003 to commercialize mature technologies and intellectual
property developed by the Blue Sky Group Inc. of Laramie,
Wyoming. NDC's patented high throughput screening
technology and its highly parallel NanoAccess system
produces and tests thousands of new nanomaterials
every week. NDC uses state-of-the-art software to
manage and to analyze the flood of information produced
by the NanoAccess system.
NDC's nanotechnology development efforts are focused
on fuel cell technologies, rechargeable battery technologies,
OLED and flat panel display technologies and carbon
nanotube composite materials.
More information is available on the web at www.nanomaterialsdiscovery.com
ABOUT ACACIA RESEARCH CORPORATION
Acacia Research Corporation comprises two operating
groups: Acacia Technologies Group and CombiMatrix
The CombiMatrix group is developing a platform technology
to rapidly produce customizable active biochips, which
are semiconductor-based tools for use in identifying
and determining the roles of genes, gene mutations
and proteins. CombiMatrix's technology has a wide
range of applications including DNA synthesis/diagnostics,
siRNA synthesis, drug discovery, and immunochemical
detection. CombiMatrix provides DNA arrays to researchers
under the CustomArray(TM) brand. CombiMatrix's Express
Track(SM) drug discovery program is a systems biology
approach, using its technology, to target common viral
diseases with siRNA compounds.
The Acacia Technologies Group develops, acquires,
and licenses patented technologies. Acacia's DMT technology,
which is supported by 5 U.S. and 31 foreign patents,
relates to audio and audio/video transmission and
receiving systems commonly known as audio-on-demand,
video-on-demand, and audio/video streaming, and is
used for distributing digital content via several
means including Internet, cable, satellite and wireless
Acacia Research-Acacia Technologies (Nasdaq:ACTG)
and Acacia Research-CombiMatrix (Nasdaq:CBMX) are
both classes of common stock issued by Acacia Research
Corporation and are intended to reflect the performance
of the respective operating groups and are not issued
by the operating groups.
Information about the Acacia Technologies Group and
the CombiMatrix Group is available at www.acaciaresearch.com.