|
Nano-Proprietary, Inc. to Receive $1 Million for Biological and
Chemical Air Purification System
January 26, 2006 – Austin, Texas-based Nano-Proprietary, Inc. (OTC BB: NNPP),
through its subsidiary, Applied Nanotech, Inc. (ANI), today announced that
it will receive $1 million for further development of its PhotoScrubTM
concept, a thin film coating on a flexible fiberglass cloth that decomposes
pollutants at the molecular level in gases and liquids. This funding was
included in the 2006 Defense Appropriations Bill recently signed by the
President.
The PhotoScrub™ concept is based on an air-purification technology
originally developed by one of our strategic partners, Andes Electric, Co.
Ltd., and currently uses nano-structured photocatalyst materials that
decompose air contaminants and pollutants at the molecular level in solid,
liquid and gaseous samples. The funds will be utilized to apply proprietary
technology that improves the efficiency of the concept and to explore other
air purification concepts.
Our goal is to develop technology that is more effective and reliable in
fighting airborne biological and chemical contaminants, while at the same
time being more affordable than existing methods. The next step in the
process is to structure a formal agreement with the Department of Defense.
“We’re enthusiastic about being approved for these funds and working to meet
the demands of national security,” said Marc Eller, Chief Executive Officer
of Nano-Proprietary. “In light of this funding, and other demands from the
military for our sensor technologies, our outlook for additional revenue in
these categories is extremely positive.”
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 are included in
Nano-Proprietary’s annual report on Form 10-K/A for the fiscal year ended
December 31, 2004, 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 www.sec.gov 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 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 positions in the fields of electron
emission applications from carbon film/nanotubes, sensors, functionalized
nanomaterials, and nanoelectronics. Electronic Billboard Technology, Inc.
(EBT) possesses technology related to electronic digitized sign technology.
Nano-Proprietary’s website is
www.nano-proprietary.com.
COMPANY CONTACT MEDIA CONTACT
Doug Baker William J. Spina
Chief Financial Officer 781.383.0369
Nano-Proprietary, Inc. wjs_ptnrs@msn.com
248.391.0612
dbaker@ameritech.net
|
|
