Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

Home > Press > Nano-Proprietary Signs Agreement with The University of Texas

Agreement will further the development of a next generation memory chip utilizing the university's information storage technology based on thin photo-conductive films.

Nano-Proprietary signs Agreement with University of Texas at Austin to Develop Next Generation Memory Chip

Austin, TX | February 7, 2005

Austin, 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.

The 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 produced today.

At 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.

This 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.

The 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.

At 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.

According 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 by 2011.

“We 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 becomes comparable.”

At 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 defined.

“We 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.”

“Following 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.”

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 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 the University of Texas – Office of Technology Commercialization

The 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

About Nano-Proprietary, Inc.

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 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

Media Contact:
Patti D. Hill
BlabberMouth PR
direct - 512.218.0401
cell - 512.635.7335

Copyright © Nano-Proprietary

If you have a comment, please Contact us.

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

Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press


Harris & Harris Group Notes Announcements by Its Portfolio Companies During the Third Quarter of 2016 September 30th, 2016

Nanotech Grants Options September 22nd, 2016

Arrowhead Pharmaceuticals to Present at Upcoming September Conferences September 1st, 2016

Industrial Nanotech, Inc. Provides Shareholder Update August 22nd, 2016

Chip Technology

Unusual quantum liquid on crystal surface could inspire future electronics October 22nd, 2016

Scientists find technique to improve carbon superlattices for quantum electronic devices: In a paradigm shift from conventional electronic devices, exploiting the quantum properties of superlattices holds the promise of developing new technologies October 20th, 2016

Exploring defects in nanoscale devices for possible quantum computing applications October 19th, 2016

Leti Scientists Participating in Sessions on Med Tech, Automotive Technologies, MEMS, Si-photonics and Lithography at SEMICON Europa: Teams also Will Demonstrate Technology Advances in Telecom, Data Fusion, Energy, Silicon Photonics and 3D Integration October 18th, 2016

Memory Technology

Making the switch, this time with an insulator: Colorado State University physicists, joining the fundamental pursuit of using electron spins to store and manipulate information, have demonstrated a new approach to doing so, which could prove useful in the application of low-powe September 2nd, 2016

Diamonds and quantum information processing on the nano scale August 31st, 2016

Magnetic atoms arranged in neat rows: FAU physicists enable one-dimensional atom chains to grow August 5th, 2016

New metamaterials can change properties with a flick of a light-switch: Material can lead to new optical devices August 3rd, 2016


Scientists find technique to improve carbon superlattices for quantum electronic devices: In a paradigm shift from conventional electronic devices, exploiting the quantum properties of superlattices holds the promise of developing new technologies October 20th, 2016

Metamaterial uses light to control its motion October 10th, 2016

Core technology springs from nanoscale rods: Rice University lab turns nanorods into multistate switches with an electron beam October 10th, 2016

Electrons in graphene behave like light, only better: Researchers discover that electrons mimic light in graphene, confirming a 2007 prediction – their finding may enable new low power electronics and lead to new experimental probes October 5th, 2016


Unusual quantum liquid on crystal surface could inspire future electronics October 22nd, 2016

Nanosciences: Genes on the rack October 21st, 2016

Physicists use lasers to capture first snapshots of rapid chemical bonds breaking October 21st, 2016

Nanoparticle vaccinates mice against dengue fever October 21st, 2016

The latest news from around the world, FREE

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

Nanotechnology Now Featured Books


The Hunger Project