Nanotechnology Now - Press Release: NanoDynamics Forms Strategic Partnership with Nanocyl

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Abstract:
Agreement to Expand Applications and Commercial Use of Nanocyl S.A.'s Single, Double and Mutiwall Carbon Nanotubes in North America

NanoDynamics Forms Strategic Partnership with Nanocyl S.A., Europe's Leading Carbon Nanotube Manufacturer and Developer

Buffalo, NY | March 03, 2005

NanoDynamics, a leading nanotechnology organization and manufacturer of superior nanomaterials, announced today that it has signed a strategic partnership agreement with Nanocyl S.A., the leading manufacturer and developer of carbon nanotubes in Europe, to expand the applications and commercial use of Nanocyl S.A.'s single, double, and multiwall carbon nanotubes in North America. Additionally, NanoDynamics will provide technical support and expertise in applications development to users of these advanced materials.

Nanocyl S.A. specializes in the production and functionalization of nanotubes, enabling it to integrate carbon nanotubes (CNTs) into polymers, metals and biomaterials. The two kinds of carbon nanotubes currently in existence are Single Wall Carbon Nanotubes (SWNT) and Multi Wall Carbon Nanotubes (MWNT). Single-Walled Carbon Nanotubes have unique electrical, thermal and strength properties and are being evaluated in electronic applications. Multiwalled Nanotubes are already under evaluation in structural applications such as aerospace, automotive and sporting goods. Nanocyl also introduced Double Wall Carbon Nanotubes (DWNT) in 2003, which are showing some superior advantages to SWNT and MWNT.

"This partnership is particularly exciting because we are combining Nanocyl S.A.'s ability to manufacture and tailor a range of high quality carbon nanotube products with NanoDynamics' experience in identifying near-term commercial markets for nanomaterials in North America" commented Dr. Alan Rae, Vice President of Market and Business Development for NanoDynamics. "We feel that NanoDynamics will help guide Nanocyl's products into development programs in research quantities and subsequently into product qualification while ensuring that all US regulatory guidelines are met."

Olivier Decroly, Global Business Development Manager, at Nanocyl S.A., is enthusiastic about the involvement of NanoDynamics in the promotion of Nanocyl products. "NanoDynamics is heavily involved in the electronics technology roadmapping organizations such as NEMI and has strong customer contacts in the critical fields where our products will be used. These critical fields include semiconductors, sensors, interconnect and thermal interface materials, as well as non-electronic application areas such as reinforced polymers for engineering and biological applications. This partnership will enable us to strengthen our activities in North America."

About Nanocyl S.A.

Nanocyl S.A. is a spin-off company, founded in February 2002, which emerged from the University of Namur and Liege (Belgium) and is supported by individual and institutional investors. The purpose of Nanocyl S.A. is to develop new business for the supply of specialty Carbon Nanotubes based on an existing and expanding portfolio of intellectual property. Nanocyl S.A. is one of the first companies to be established in Europe for the commercial supply of this family of novel material. Currently, pilot production is dedicated to associated laboratories and selected industrial partners. Nanocyl S.A. is investing in production equipment, laboratories and process development at its facility in order to supply commercial quantities of carbon nanotubes. For more information, please visit the Company's website at www.nanocyl.com.

About NanoDynamics

NanoDynamics, Inc. is a leading company in the field of nanotechnology and manufacturer of superior nanomaterials that will dramatically improve the form, function and performance of a wide range of both industrial and consumer products. The Company is uniquely positioned, utilizing proprietary and protected technologies, to commercially manufacture economical, high quality nanomaterials that will enable revolutionary advancements in industries including electronics, semiconductors, consumer products, fuel cells, transportation, energy and biotechnology. For further information, please visit the Company's website at www.nanodynamics.com.

Contact:

Berns Communications Group, LLC
Stacy Berns/Michael McMullan
212-994-4660

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