Nantero Announces $15MM in Funding Company's Partnerships and Award Winning Scientist Continue

to Excite Investors



    WOBURN, Mass., March 8 /PRNewswire/ -- Nantero, Inc., a nanotechnology
 company using carbon nanotubes for the development of next-generation
 semiconductor devices, announced today that it received its third round of
 investment (Series C).  The new lead investor is Globespan Capital Partners,
 which is a global venture capital firm investing in information technology
 companies.  Returning existing institutional investors include Charles River
 Ventures, Draper Fisher Jurvetson, Stata Venture Partners, and Harris & Harris
 Group (Nasdaq:   TINY).  Ullas Naik, a Managing Director with Globespan Capital
 Partners based in their Boston office, has joined Nantero's Board of
 Directors.
     This past year Nantero has teamed with LSI Logic Corporation (NYSE:   LSI)
 to develop semiconductor process technology which will expedite the effective
 utilization of carbon nanotubes in CMOS fabrication, and has also joined with
 BAE Systems to evaluate the potential to develop carbon nanotube-based
 electronic devices for use in advanced defense and aerospace systems.  Brewer
 Science, Inc. also entered into an agreement with Nantero to commercialize
 CMOS-grade carbon nanotubes (CNTs) to be used in semiconductor fabs by Brewer
 Science customers.
     "Nantero's multiple partnerships validate the enormous market potential of
 its technology", stated Ullas Naik of Globespan Capital Partners.  "Few, if
 any, nanotechnology device companies have made the transition from lab to fab
 the way Nantero has."
     As Nantero continues to make progress in the lab, the company and its
 scientists have been acknowledged with several prestigious awards in 2004.
 Co-founder and Chief Scientist Dr. Thomas Rueckes was named by Small Times
 magazine as a Runner Up for Innovator of the Year and was also honored as one
 of the five finalists for the 2003 Feynman Prize in Nanotechnology, awarded by
 the Foresight Institute, in the Experimental category. Previous winners of the
 Feynman Prize in Nanotechnology include Charles Lieber (Harvard University),
 Chad Mirkin (Northwestern University) and Phaedon Avouris (IBM).
     Nantero was also named "Business Leader" in the Scientific American 50 in
 the Nanotechnology and Molecular Electronics Category.
     Greg Schmergel, co-founder and CEO of Nantero, Inc., commented, "We are
 very pleased to have completed this round of funding and to have Globespan
 Capital Partners join us for the next stage of our development.  The high
 level of interest in Nantero from both investors and partners is testimony to
 the world-class work being performed by the entire team."
 
     About Nantero
     Nantero is a nanotechnology company using carbon nanotubes for the
 development of next-generation semiconductor devices.  Nantero's main focus is
 the development of NRAM(TM) -- a high-density nonvolatile random access
 storage device.   NRAM(TM) will replace all existing forms of storage, such as
 DRAM, SRAM and flash memory, with a high-density nonvolatile RAM -- 'universal
 memory.'  The potential applications for the nonvolatile RAM Nantero is
 developing add up to over $100B in revenue potential, including the ability to
 enable instant-on computers and to replace the memory in devices such as cell
 phones, MP3 players, digital cameras, and PDAs, as well as applications in the
 networking arena.  NRAM(TM) can be manufactured for both standalone and
 embedded memory applications. Nantero is also working with licensees on the
 development of additional applications of Nantero's core nanotube-based
 technology.  For more information on Nantero, Inc. contact SGN Public
 Relations & Marketing at Suzanne@nantero.com
 
 

SOURCE Nantero, Inc.
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