Nanotechnology Now - Press Release: "Nanocomp Technologies Expands Management Team with Appointment of Mark A. Banash to Vice President of Engineering"

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Abstract:
Banash to help scale up Nanocomp's strong, lightweight and conductive carbon nanotube yarn and sheet production

Nanocomp Technologies Expands Management Team with Appointment of Mark A. Banash to Vice President of Engineering

CONCORD, NH | Posted on September 5th, 2007

Nanocomp Technologies, Inc. ( http://www.nanocomptech.com ), a developer of next-generation performance materials, today announced that Mark A. Banash has joined the company as vice president of engineering. He will manage process scale-up, quality control and manufacturing engineering involving Nanocomp's carbon nanotube yarn and sheet products. Banash brings a comprehensive background in process development, industrial research, formulation science, quality control and assurance, chemical manufacturing and customer service.

Nanocomp is the only company to produce both multi-functional nonwoven sheet and yarn textiles from long, pure, single-wall carbon nanotubes. The materials are lightweight, strong and efficiently conduct both electricity and heat. Potential applications include body armor, structural composites, energy storage and electronics thermal management.

"We've proven that we can rapidly produce long carbon nanotubes in ready-to-use yarn and sheet formats and we are getting feedback from the market that these products appear to be quite useful in several industries, ranging from aerospace to telecommunications to clean energy storage and delivery," said Peter Antoinette, president and CEO of Nanocomp Technologies. "Now, as our focus shifts from the research stage towards building out a manufacturing operation, we are engaged in developing the right systems to both scale up production and ensure consistent product quality. Mark Banash's strong track record in nanotech manufacturing and quality assurance will help us achieve these goals, and we're pleased to welcome him to our growing team."

Prior to Nanocomp, Banash was with Zyvex Corporation, where he was director for production and quality of the company's nanomaterial products. He managed all manufacturing operations, including the design and construction of Zyvex's pilot plants, and created a supply chain certification process to assure customers of receiving quality carbon nanotubes. Banash also led Zyvex to ISO:9001 registration by creating a quality management system that ensured customer specifications were built into nanotube-based products.

Before Zyvex, Banash was a senior scientist at Millennium Chemicals and worked extensively on product development and manufacturing issues related to the incorporation of the company's pigment products in a variety of polymer matrices. He also used statistically designed experiments to discover key processing variables related to product performance and quality characteristics.

Banash holds a Ph.D. in physical chemistry from Princeton University, an M.B.A. from the University of Maryland University College and a B.A. with honors in chemistry from the University of Pennsylvania. He is an adjunct faculty member in operations and technology management at the University of Maryland University College.

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About Nanocomp Technologies, Inc.
Nanocomp Technologies, Inc. (NCTI) was formed in 2004 to leverage its proprietary and fundamental advancements in the production of long carbon nanotubes as well as a unique ability to fabricate them into physically strong, lightweight and electro-thermally conductive yarns and nonwoven sheets. The company’s objective is to develop products with revolutionary performance benefits that would create a new generation of advanced structural materials and electro-thermal devices. It has eight patents pending. The company is headquartered in Concord, N.H. For additional information, please visit http://www.nanocomptech.com/ .

Nanocomp and the Nanocomp logo are trademarks of Nanocomp Technologies, Inc. All other marks are trademarks or registered trademarks of their respective holders.

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Schwartz Communications, Inc.
Robert Skinner or Marc Saint Louis
781-684-0770

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