Nanotechnology Now

Our NanoNews Digest Sponsors



Heifer International

Wikipedia Affiliate Button


android tablet pc

Home > Press > Nano-Proprietary and Shimane Masuda Electronics Sign Letter of Intent

Abstract:
Applied Nanotech, Inc., and Shimane Masuda Electronics Co., Ltd. today announced the signing of a letter of intent to develop new products utilizing Carbon Nanotube sources backed by ANI's vast patent portfolio.

Nano-Proprietary, Inc. and Shimane Masuda Electronics Sign Development Letter of Intent with Rights to a Joint Venture and/or License Agreement

Austin, TX., October 20, 2004

Applied Nanotech, Inc., a wholly owned subsidiary of Nano-Proprietary, Inc. (OTCBB:NNPP), and Shimane Masuda Electronics Co., Ltd. (SME) today announced the signing of a letter of intent to develop new products utilizing CNT (Carbon Nanotube) sources backed by ANI's vast patent portfolio. Upon successful completion of the development phase, which is expected to take up to 12 months, the parties will either enter into a 50/50 joint venture agreement where the joint venture has certain rights to license ANI's patents and sell products in the Asian market, or a license agreement whereby SME has specific rights to certain ANI patents, including the right to sell the products in Asian countries.

As part of the development phase, SME will pay ANI $110,000 for specific equipment and development work to be done by ANI. If the parties choose to enter a joint venture, SME will pay ANI an additional $90,000 and the joint venture will pay a 3% royalty to ANI for products sold by the joint venture using ANI patents. In the case of a license agreement, SME will pay ANI an upfront payment ranging from $100,000 to $250,000, plus a 5% royalty on products sold using ANI's intellectual property.

"We are very excited to enter into this relationship with such a high-quality company," said Marc Eller, Chairman and Chief Executive Officer of Nano-Proprietary, Inc. "Shimane has the sense of urgency, manufacturing capabilities, and customer connections that we are looking for to bring CNT products to market," continued Eller.

"We believe that this agreement will greatly contribute to a friendly development between the Shimane Prefecture and the State of Texas," said Yuzuru Ishikawa, president & CEO of Shimane Masuda Electronics. "We are entrusted by many people, including the Governor, who supports us with great expectations for the success of this joint venture. A big market can be expected. I want to contribute local society for job creation and steady labor market," continued Ishikawa.

Safe Harbor Statement

This press release contains forward-looking statements that involve risks and uncertainties concerning Nano-Proprietary's business, products, and financial results. Actual results may differ materially from the results predicted. More information about potential risk factors that could affect our business, products, and financial results is included in Nano-Proprietary's annual report on Form 10-KSB for the fiscal year ended December 31, 2003, and in reports subsequently filed by Nano-Proprietary with the Securities and Exchange Commission ("SEC"). All documents are available through the SEC's Electronic Data Gathering Analysis and Retrieval System (EDGAR) at www.sec.gov or from Nano-Proprietary's web site listed below. Nano-Proprietary hereby disclaims any obligation to publicly update the information provided above, including forward-looking statements, to reflect subsequent events or circumstances.

ABOUT SHIMANE MASUDA ELECTRONICS

Shimane Masuda Electronics, Co., Ltd. (SME), founded in 1984, is headquartered in Masuda Japan (Shimane Prefecture). SME manufactures a variety of electronic products related to the mobile phone industry; data transmission and radio integrated circuit amplifiers utilizing microelectronic processes, such as surface mount assembly; ceramic packaging; high resolution bonding; and other areas. SME's customers include Mitsubishi, Sony, Sharp and other major manufacturers.

ABOUT NANO-PROPRIETARY, INC.

Nano-Proprietary, Inc. is a holding company consisting of two wholly-owned operating subsidiaries. Applied Nanotech Inc. (AN I) 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.

Media Contact:

Patti D. Hill
BlabberMouth Public Relations
ofc. 512.218.0401
cel. 512.635.7335
patti@blabbermouthpr.com

Copyright © Nano-Proprietary

If you have a comment, please us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

Investments/IPO's/Splits

Pixelligent Closes $5.5 Million in Funding: Capital Will Be Used to Support Global Customer Growth December 12th, 2014

Nanometrics Announces Upcoming Investor Events November 19th, 2014

Eight19 secures 1m funding: Investment to develop production technology, and expand commercial activities for organic photovoltaics November 19th, 2014

Arrowhead to Present at Upcoming Conferences November 15th, 2014

Nanotubes/Buckyballs

A sponge-like molecular cage for purification of fullerenes December 15th, 2014

'Trojan horse' proteins used to target hard-to-reach cancers: Scientists at Brunel University London have found a way of targeting hard-to-reach cancers and degenerative diseases using nanoparticles, but without causing the damaging side effects the treatment normally brings December 11th, 2014

Detecting gases wirelessly and cheaply: New sensor can transmit information on hazardous chemicals or food spoilage to a smartphone December 8th, 2014

Green meets nano: Scientists at TU Darmstadt create multifunctional nanotubes using nontoxic materials December 3rd, 2014

Announcements

Atom-thick CCD could capture images: Rice University scientists develop two-dimensional, light-sensitive material December 20th, 2014

Oregon researchers glimpse pathway of sunlight to electricity: Collaboration with Lund University uses modified UO spectroscopy equipment to study 'maze' of connections in photoactive quantum dots December 19th, 2014

Instant-start computers possible with new breakthrough December 19th, 2014

Aculon Hires New Business Development Director December 19th, 2014

NanoNews-Digest
The latest news from around the world, FREE




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More










ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







© Copyright 1999-2014 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE