PALO ALTO, Calif., Aug. 18 /PRNewswire/ -- Nanosys, Inc. today announced
that the United States Defense Advanced Research Projects Agency (DARPA) has
awarded a contract to Nanosys and its collaborators to support the development
of flexible low cost solar cells. The award has a potential value of
approximately $14 million over a five-year period. The initial 12-month Phase
1 of the program will include up to $2.2 million of funding to Nanosys and its
collaborators. Additional phases of development will be funded based upon the
approval of DARPA.
The approved program will focus on the development of nanotechnology based
high efficiency flexible solar cells that are light-weight and low-cost to
provide power generation solutions for military applications. Nanosys will
manage the contract and will collaborate with research and development
partners including: the University of California at Berkeley, Battelle
Memorial Institute, and SAIC.
"Nanosys and its partners are extremely pleased to have the opportunity to
work with DARPA on this important program," said Calvin Chow, Nanosys' Chief
Executive Officer. "This program will assist us in developing solar cells
with potential breakthrough cost and performance advantages that could have a
major impact on how energy is generated and the energy landscape in general."
"The U.S. Department of Defense requires flexible, reduced weight power
solutions for applications ranging from dismounted combatants on earth to high
altitude airships and spacecraft," said Darrel Hopper, Principal Electronics
Engineer at the Air Force Research Laboratory, who is DARPA's Agent and
Program Manager for the Nanosys effort. "The Nanosys shaped-nanocrystal
nanocomposite approach to flexible organic photovoltaic cells is
extraordinarily creative and has the potential to provide the revolutionary
renewable power technology sought by DARPA."
DARPA is the central research and development organization for the
U.S. Department of Defense. It manages and directs selected basic and applied
research and development projects and pursues research and technology where
success may provide dramatic advances for traditional military roles and
Nanosys, Inc. is a leader in the development of nanotechnology based
products utilizing inorganic nanostructures. Nanosys has built one of the
broadest technology platforms in the industry with more than 250 patents and
patent applications covering fundamental areas of nanotechnology. Based in
Palo Alto, Calif. and privately held, Nanosys collaborates with industry
leaders including Dupont, Intel, Matsushita Electric Works and SAIC to develop
revolutionary high-value, high-performance products for computing,
optoelectronics, communications, energy, defense and the life and physical
Chief Financial Officer
SOURCE Nanosys, Inc.