APD Air Products and Chemicals Inc

Nanotechnologies, Inc. and Technanogy Materials Development Merge Assets AUSTIN, Texas, April 14 /PRNewswire/ -- In a move to create an exceptional world-class nanoaluminum supplier, two leaders in the nanopowder industry, Nanotechnologies, Inc., and Technanogy Materials Development (Santa Ana, CA) have agreed to merge assets. Under the terms of the agreement, Nanotechnologies, Inc. will manage the combined resources and will continue and support the commercial activities for nano-aluminum enabled applications. The merger will strengthen Nanotechnologies, Inc.'s offering of high performance aluminum nanoparticles. "The additional intellectual property, as well as the market and applications knowledge, are a key factor to our current efforts and future initiatives in Advanced Nanoparticle Enabled Applications (ANEA)," said Randy Bell, Nanotechnologies, Inc.'s President and CEO. "We are pleased to be able to merge the assets of our two companies, in order to more effectively commercialize nano-aluminum across all applications," said Jeff Majkrzak, CEO of Technanogy Materials Development. Nano-aluminum can be engineered for applications that require either enhanced energetic properties (as in munitions, primers, explosives, propellants) or enhanced mechanical and electrical properties (as in plastic additives or powder metallurgy). The merger of the two companies also supports Nanotechnologies' intent to create a separate entity focused on nanoenergetic formulations and application for both commercial and defense markets. Interested parties should contact Nanotechnologies for more information on partnerships, application development, or supplier contracts for its entire suite of nanoscale metals and metal oxide particles. About Nanotechnologies, Inc. Nanotechnologies, Inc. was formed in 1999 and is privately funded. In June 2003, the company closed its third round of funding with investments from Air Products and Chemicals, Inc. (NYSE:APD) and venture capital firms Techxas Ventures, Castletop Capital, Convergent Investors VI, Eyes of Texas, Harris & Harris Group, Inc. (NASDAQ:TINY) and Capital Conceptions. For more information, visit http://www.nanoscale.com/ . Or contact Iga Hallberg at 512-491-9500 ext 218 or DATASOURCE: Nanotechnologies, Inc. CONTACT: Iga Hallberg of Nanotechnologies, Inc., +1-512-491-9500, Ext. 218, or Web site: http://www.nanoscale.com/

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