Nanotechnology Now - Press Release: Arrowhead Subsidiary, Unidym, Selected as a 2008 Technology Pioneer by the World Economic Forum

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Unidym Founder George Gruner to Speak at WEF Conference in Davos

Arrowhead Subsidiary, Unidym, Selected as a 2008 Technology Pioneer by the World Economic Forum

MENLO PARK, CA | Posted on November 29th, 2007

Unidym, Inc., a majority-owned subsidiary of Arrowhead Research Corporation (Nasdaq:ARWR), announced today that Unidym's founder, Professor George Gruner, has been selected as a visionary Technology Pioneer for 2008 by the World Economic Forum and has been invited to speak at the upcoming WEF Technology Pioneers Conference in Davos, Switzerland, this January. Unidym is a leader in the development and manufacture of carbon nanotubes for applications in the electronics industry. Unidym, which recently merged with Carbon Nanotechnologies, Inc. (CNI), possesses a foundational patent portfolio that covers nearly every aspect of carbon nanotube manufacturing and processing.

The Technology Pioneers 2008 were nominated by the world's leading technology experts, including venture capitalists, technology companies, academics and media. The final selection from 273 nominees was made by a panel of leading technology experts appointed by the World Economic Forum. Technology Pioneers 2008 are invited to participate in the World Economic Forum Annual Meeting 2008 that will be held in Davos, Switzerland, from January 23-27, 2008, and in the Annual Meeting of the New Champions that will be held in Tianjin, People's Republic of China, from September 25-27, 2008.

"Unidym is very proud to have Professor Gruner named a Technology Pioneer by the World Economic Forum," said Arthur L. Swift, President and CEO. "This prestigious award is a tribute to the innovative work of Dr. Gruner and the entire research and engineering team at Unidym. Carbon nanotubes may be one of the most important emerging technology platforms of the new millennium, and as such, we are gratified by the recognition of our technology leadership."

Unidym leads in the development, manufacture, and application of carbon nanotubes (CNTs): a novel class of materials with extraordinary electrical, mechanical, and thermal properties. Unidym's initial product is a CNT-based transparent, conductive film that offers improved performance and lower costs than ITO in applications such as touch panels, LCDs, and solar applications. Unidym is also rapidly developing CNT-based active and passive components to address the growing markets in printable and flexible electronics. Unidym licenses intellectual property (IP) to a growing number of companies who are aggressively exploring other uses of CNTs in various markets.

Dr. Gruner is a Distinguished Professor of Physics at the University of California Los Angeles, as well as founder of Unidym, a company pioneering research into CNT-based films and transistors. He has served as a consultant to and advisory board member for numerous companies and government agencies, including IBM, Exxon, and Superconductor Technologies, Inc. From 2001 to 2004, Dr. Gruner was the Chief Technical Officer and Chief Scientist of Nanomix Inc., a role for which he also received the World Economic Forum's Technology Pioneer Award. Dr. Gruner has published over 400 papers and 2 books and is the inventor of over 30 patents and patent applications, all in the field of nanotechnology. He is one of the 200 most "Highly Cited Scientists" in the field of physics worldwide.

Technology Pioneers are companies or people that have been identified as developing and applying highly transformational and innovative technologies in the areas of energy, biotechnology and health, and information technology. To be selected as a Technology Pioneer, a company must be involved in the development of life changing technology innovation and have the potential for long-term impact on business and society. In addition, it must demonstrate visionary leadership, show all the signs of being a long-standing market leader - and its technology must be proven. Previous Technology Pioneers have included Business Objects, Cambridge Silicon Radio, Corel Corporation, Encore Software, Google, Mozilla Corporation, and Napster.

The entire list of Technology Pioneers and interviews with the CEOs of the selected companies can be found here: http://www.weforum.org/techpioneers/2008 .

"This year the World Economic Forum received a record number of applications from companies around the world to become a Technology Pioneer. From a highly competitive field, we are extremely pleased to have a community that is using innovation and technology to dramatically affect the way society and business operate and doing so in a markedly collaborative manner. We are excited to welcome the Technology Pioneers class of 2008 to the larger community of the World Economic Forum and we are looking forward to the fruits that their collaboration will bring," said Peter Torreele, Managing Director of the World Economic Forum.

About the World Economic Forum

The World Economic Forum is an independent international organization committed to improving the state of the world by engaging leaders in partnerships to shape global, regional, and industry agendas. Incorporated as a foundation in 1971, and based in Geneva, Switzerland, the World Economic Forum is impartial and not-for-profit; it is tied to no political, partisan, or national interests. ( http://www.weforum.org )

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About Unidym, Inc.
Unidym ( http://www.unidym.com ) is a leader in the manufacture and application of carbon nanotubes (CNTs), a novel material with extraordinary electrical, thermal, and mechanical properties. Unidym provides bulk materials, CNT-enabled products, and intellectual property to a wide range of customers and business partners. As a result of its recent merger with CNI, Unidym possesses a foundational patent portfolio that covers nearly every aspect of CNT manufacturing and processing as well as multiple product applications.

Unidym is focused on the electronics industry where its initial products include transparent electrodes for touch screens, flat panel displays, solar cells, and solid state lighting; electrodes for fuel cells; and thin film transistors for printable electronics. Unidym is also pursuing a cross-industry partnership strategy to capture value from the wide ranging uses of CNTs. Unidym’s licensing program, technical expertise, and manufacturing facilities can enable partners to rapidly develop CNT solutions for their specific applications. Unidym is a majority-owned subsidiary of Arrowhead Research Corporation (NASDAQ:ARWR). For more information about Arrowhead, please visit http://www.arrowheadresearch.com .

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:

This news release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based upon our current expectations and speak only as of the date hereof. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including the recent economic slowdown affecting technology companies, the future success of our scientific studies, our ability to successfully develop products, rapid technological change in our markets, changes in demand for our future products, legislative, regulatory and competitive developments and general economic conditions. Our Annual Report on Form 10-K and 10-K/A, recent and forthcoming Quarterly Reports on Form 10-Q and 10-Q/A, recent Current Reports on Forms 8-K and 8-K/A, our Registration Statement on Form S-3, and other SEC filings discuss some of the important risk factors that may affect our business, results of operations and financial condition. We undertake no obligation to revise or update publicly any forward-looking statements for any reason.

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Contacts:
Unidym, Inc.
Robert Bismuth
650-462-1935

or
Arrowhead Research
Virginia Dadey
212-541-3707

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