Nano-Proprietary, Inc. Announces the Allowance of Patent for System of Selling Advertising Over the Internet

    AUSTIN, Texas, Feb. 23 /PRNewswire-FirstCall/ -- Nano-Proprietary, Inc.
 (OTC Bulletin Board:   NNPP) through its subsidiary, Electronic Billboard
 Technology, Inc. ("EBT") announced that its U.S. Patent Application No.
 09/553.012 entitled "System and Method for Selling Advertising Space on
 Electronic Billboards over the Internet", covering all indoor and outdoor
 electronic displays, has been allowed. This patent application was originally
 filed April 20, 2000 with a priority date of April 22, 1999.
     The allowed claims relate to methods, systems, and computer programs that
 facilitate displaying advertising information on multiple indoor and outdoor
 electronic billboards, displays, and other types of electronic signage. These
 claims relate to electronic displays managed using a network of information
 handling, transmission, and control systems communicating with each other
 using the internet or a computer program.
     For example, claim 23 of the patent covers the concept of managing, from a
 remote location, the information to be displayed on a network containing
 multiple electronic displays, including the ability to control the time,
 duration, and the display location of the advertising. The claim also covers
 the method of paying for the advertising as part of the process.
     Several claims also deal with computer programs developed to manage the
 information, including claim 41 which deals with computer programs designed
 to: receive content, receive a designation of a target display device to
 display the content, receive a designation of a time to display content, and
 to provide information on the date and time availability of target display
 devices.
     "We are pleased that this seminal patent has been allowed," said Marc
 Eller, Chairman and CEO of Nano-Proprietary, Inc. "With the explosion of
 digital advertising, this patent has tremendous value and should begin
 generating revenue in the very near future."
     Digital advertising networks have experienced exponential growth in recent
 years and now are a multibillion dollar market. This patent applies to any
 situation when the placement of digital ads is remotely controlled using the
 internet or a computer program. Examples could include indoor and outdoor
 advertising, including high traffic locations such as airports or train
 stations, indoor and outdoor sports arenas, digital point of purchase and
 other advertising in national, regional, and local retailers, as well as other
 high-traffic locations. In addition to this allowed patent application in the
 U.S., Nano-Proprietary, Inc. has similar patent applications pending in
 Europe, Canada, Korea, and Japan.
     Nano-Proprietary's business model is to license its intellectual property
 to others, or to combine its resources with industry leaders to deploy the
 technology that results from that intellectual property. We will consider all
 options and business models that relate to this patent in order to maximize
 shareholder value, but we expect revenue generated by this patent to be
 related to advertising displayed on devices using methods covered by this
 patent.
 
     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
 http://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 position in the field 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.
 The Companies have over 200 patents or patent applications pending. Nano-
 Proprietary's business model is to license its technology to partners that
 will manufacture and distribute products using the technology. Nano-
 Proprietary's website is http://www.nano-proprietary.com .
 
      COMPANY CONTACT
      Doug Baker
      Chief Financial Officer
      Nano-Proprietary, Inc.
      248.391.0612
      dbaker@ameritech.net
 
      MEDIA CONTACT
      William J. Spina
      781.383.0369
      wjs_ptnrs@msn.com
 
 

SOURCE Nano-Proprietary, Inc.

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