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First Nano, Inc. Launches New Business in Nanotechnology

Santa Barbara, CA. June 6th, 2003

First Nano Inc.

First Nano, Inc. is pleased to announce the acquisition of the EasyTubeTM product, a system for carbon nanotube synthesis, from NanoDevices, Inc., Santa Barbara, CA.

Virgil Elings, Chairman of the Board for First Nano commented, "We're doing our part to keep Santa Barbara on the map for innovation and good business in nanotechnology."

Virgil Elings founded Digital Instruments, Inc. in 1987 and co-founded NanoDevices, Inc. with Steve Minne and Dennis Adderton in 1998. "The creation of First Nano from NanoDevices will allow us to leverage our knowledge and experience in nanotechnology to provide high quality process equipment to customers with research and industrial applications," said Dennis Adderton, President of First Nano.

"In its first year of production the EasyTubeTM System has demonstrated a market need for a new breed of process equipment," said Cary Chee, Vice President of Sales, "The EasyTubeTM has demonstrated strong sales world wide to customers in universities, industry and government labs. First Nano is hitting the ground running."

First Nano, Inc. was established in May 2003, to manufacture process equipment uniquely suited to nanotechnology applications. Founded by Dr. Virgil Elings, founder of Digital Instruments, Dennis Adderton, formerly of NanoDevices and Digital Instruments, Dr. Stephen Minne of Stanford University and President of NanoDevices, Hector Cavazos of Veeco Instruments, and Cary Chee, formerly of FEI and Veeco, First Nano manufactures the industry's first chemical vapor deposition system designed for carbon nanotube synthesis.

About First Nano, Inc.
First Nano is a privately held company specializing in the manufacture of process equipment for nanotechnology applications. Current products include the EasyTubeTM, a chemical vapor deposition system for carbon nanotube synthesis. For more information, please visit us at EasyTubeTM is a trademark of First Nano, Inc.

Forward Looking Statements
This press release contains, in addition to historical information, forward-looking statements. Such statements are based on management's current estimates and expectations and are subject to a number of uncertainties and risks that could cause actual results to differ materially from those described in the forward-looking statements. First Nano, Inc., is providing this information as of June 6, 2003 and expressly disclaims any duty to update information contained in this press release.

By including any information in this press release, First Nano does not necessarily acknowledge that disclosure of such information is required by applicable law or that the information is material.

First Nano, Inc.
Silvana R. Kelly

Reprinted with premission.
Copyright First Nano, Inc.

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