Nanosys Awarded U.S. Defense Department Contract to Develop Flexible Solar Cells

Aug 18, 2004, 01:00 ET from Nanosys, Inc.

    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
     About Nanosys
     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
     Peter Garcia
     Chief Financial Officer
     Nanosys, Inc.
     (650) 331-2154

SOURCE Nanosys, Inc.