NanoHorizons(TM) Secures $2.2 Million in Additional Funding Current, New Investors Show Confidence in Company's Success, Innovations and


    STATE COLLEGE, Pa., Dec. 5 /PRNewswire/ -- NanoHorizons(TM), Inc.
 announces the close of its final A round of funding, including significant
 investments by both existing and new investors. This new round was initiated
 in March 2005 as a Series A1 preferred round and closed on October 31, having
 raised approximately $2.2 million of additional equity capital. This
 significantly exceeds the level originally intended, driven by strongly
 increased investor interest in the company's capabilities and accelerating
 market demand for NanoHorizons's products.
     "We are particularly proud to have our initial investors enthusiastically
 increasing their investments in NanoHorizons," said Robert F. Burlinson,
 president and CEO, NanoHorizons. "We attribute this level of interest in part
 to the dramatic success of our line of SmartSilver(TM) additives, which are
 already being used in fiber and fabric applications and have great potential
 in other areas."
     In addition to a new group of sophisticated private investors, returning
 investors included members of Pulsar Ventures, which had provided the Company
 with its initial funding at its inception in 2002 -- as well as Life Sciences
 Greenhouse of Central Pennsylvania and Ben Franklin Technology Partners.
     "NanoHorizons has been impressive in both its product development and its
 business strategies," said Dr. Edward M. Frymoyer, Managing Director of Pulsar
 Ventures. "The company has shown great market and product focus, while
 investing aggressively in revenue-generating technology and activities. The
 investments produced an impressive breadth and quality of market-driven
 products. The effective management and execution of the excellent technical
 and business team have exceeded our expectations. Since 2002 NanoHorizons has
 moved nanotechnology to NOW technology."
     "The completion of our new manufacturing facilities, and the accelerating
 adoption of our products in the textile industry bear witness to our
 capabilities in delivering innovative nanotechnology solutions to real-world
 problems," said Dr. Stephen Fonash, Chairman and CTO, NanoHorizons. "The
 future will see an expansion of our SmartSilver(TM) product line and
 development of other custom specialty additives for materials improvement."
     In addition to its most recent round of funding, NanoHorizons has also
 secured low-cost capital loan commitments from the Department of Commerce and
 Economic Development of the State of Pennsylvania and the Centre County (PA)
 Industrial Corporation.
     NanoHorizons, Inc.
     NanoHorizons, Inc. focuses on nanotechnology applications in the fiber and
 textile, healthcare and microelectronics industries. The company's research
 and development team addresses real-world problems with applied nanoscale
     NanoHorizons's products and application introductions include:
 SmartSilver(TM) and other commercially available nanoparticle-based additives;
 E47(TM) antimicrobial fibers; QuickMass(TM), which addresses the need for more
 cost-effective pharmaceutical research and increased drug discovery capacity;
 the Postflex process for flexible displays, circuits and sensors on plastic;
 and, nano-materials for sensors for environmental control and medical
 applications and solar cell technology.  To learn more about NanoHorizons,
 please visit For inquiries related to E47(TM)
 antimicrobial fibers and fabrics based on nanoscale-engineered additives from
 NanoHorizons, please contact ARC Outdoors at 877-974-4353 or
      Nicolas A. Boillot
      Hart-Boillot, LLC
      Dennis I. Schneider
      NanoHorizons, Inc.

SOURCE NanoHorizons, Inc.

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