Texas-based Nano-Proprietary, Inc. (OTC BB: NNPP), through
its subsidiary, Applied Nanotech, Inc. (ANI), today
announced that it has signed an exclusive licensing
option agreement with The University of Texas at Austin.
The agreement will further the development of a next
generation memory chip utilizing the university’s information
storage technology based on thin photo-conductive films.
ultimate goal is to make a low cost memory device
with a capacity of a terabit on an area of a square
inch. Imagine a hand held device storing 50 times
more information than high performance desktop PCs
the same time this memory device is non-volatile,
meaning stored information maintains integrity even
when the power supply is shut off. Your computer will
boot up instantly when you turn it on without waiting
to load your operating system.
science behind the concept was developed in the laboratory
of Allen J. Bard, Ph.D., director of the Laboratory
of Electrochemistry in the Department of Chemistry
and Biochemistry at The University of Texas at Austin,
Chemistry and Biochemistry.
licensing option agreement is for eighteen months
starting January 4, 2005 and provides Applied Nanotech
with the time needed to design, fabricate, optimize
and evaluate a 10,000 bit demonstration opto-electronic
memory chip using the thin photo-conductive films
of single layer composition developed in Bard’s lab.
The films are made of zinc octakis (beta-decoxyethyl)
porphyrin, which shows fast write-read-erase capabilities.
this time the technology is not developed enough for
memory device manufacturers to understand whether
this technology can work. If Applied Nanotech can
successfully produce this 10,000-bit-proof-of-concept
device that will change. At that stage memory device
manufacturers should be eager to get their hands on
this technology. “We’re pleased that Zvi Yaniv and
his team at Applied Nanotech are partnering with UT
to move Allan Bard’s research from the lab to a proof
of concept that can be understood and valued by industry.”
said Dr. Neil Iscoe, director of the university’s
Office of Technology Commercialization.
to an August 2004 report released by NanoMarkets,
a nanotechnology analyst group, nanotechnology will
have a serious impact and immediate contribution to
memory and storage devices. There is an immanent need
for next generation non-volatile memory chip for the
new computing paradigm expected to come into play
over the next decade. It is expected that the market
for nanostorage devices will reach beyond $65 billion
believe that the licensed technology combined with
existing nano-printing processes has the potential
to provide a solution to the elusive one-terabit memory
chip on an area of approximately one square inch,”
said Dr. Zvi Yaniv, chief executive of Applied Nanotech.
“The memory device we are developing has the potential
to be disruptive for the disk drive industry because
the performance of the disc drives and memory chips
the end of the 18-month option, the company can negotiate
an exclusive license for the technology, with the
right to sublicense it, from The University of Texas
System Board of Regents within parameters already
are thrilled to be working with a world-class research
university such as UT,” Yaniv said. “By executing
this licensing and development agreement, we are joining
the industry leaders working to develop and introduce
to the market high capacity low cost memory chips.”
our strategy and dominant position in the field of
carbon nanotubes, we are in the process of identifying
nanotechnology applications for other substantial
markets such as memory and storage devices,” said
Marc Eller, Chairman and Chief Executive Officer of
Nano-Proprietary, Inc. “This market is a natural extension
of our capabilities because a number of key processes
used in this technology are very similar to the ones
used in our carbon nanotube displays.”
the University of Texas – Office of Technology Commercialization
Office of Technology Commercialization connects university
researchers and commercialization partners, ensuring
smooth and fast transfer of intellectual property
created at the university. The University of Texas
at Austin has a research budget of $400 million per
year. OTC is responsible for moving that research
into commercial use. The OTC website is www.otc.utexas.edu.
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 field of
electron emission applications from carbon film/nanotubes.
Electronic Billboard Technology, Inc. (EBT) possesses
technology related to electronic digitized sign technology.
Nano-Proprietary’s website is www.nano-proprietary.com.
Patti D. Hill
direct - 512.218.0401
cell - 512.635.7335