Peter Garcia named Chief Financial Officer of Nanosys

Aug 09, 2004, 01:00 ET from Nanosys, Inc.

    PALO ALTO, Calif., Aug. 9 /PRNewswire/ -- Nanosys, Inc., a leading
 nanotechnology company, today announced that Peter S. Garcia has joined the
 company as its Chief Financial Officer.
     Mr. Garcia brings extensive executive expertise to Nanosys with over 19
 years experience in various financial roles at both start-up and public
 biotechnology and high technology companies.  Prior to Nanosys, Mr. Garcia was
 Senior Vice President and Chief Financial Officer of Nuvelo Inc. (Nasdaq:  
 NUVO), a biopharmaceutical company.  During his tenure at Nuvelo, he helped
 raise over $150 million, acquired development stage products, and led the
 merger and acquisition strategy.  Prior to Nuvelo, Mr. Garcia served as Chief
 Financial Officer for Novacept Inc., IntraBiotics Pharmaceuticals, and
 Dendreon Corporation.  He was instrumental in raising over $500 million for
 these companies.  His prior financial operations experience comes from Amgen
 Inc. and Teradata Corporation where he held a variety of financial management
 positions.  Mr. Garcia has an M.B.A. from the Anderson School at University of
 California Los Angeles and a B.A. in Economics and Sociology from Stanford
     "We are extremely pleased with Pete joining the Nanosys team," says Calvin
 Chow, Nanosys CEO and co-founder.  "Pete's demonstrated accomplishments across
 multiple industries from computing to biotechnology make him ideal for
 addressing the diverse and numerous opportunities that Nanosys is presented
     Peter Garcia said, "I am excited and energized at the opportunity to be
 joining a company with the potential to develop products that revolutionize
 the way companies do business. Nanosys' technology, intellectual property, and
 scientific and business leadership provide a compelling competitive advantage
 in the field of nanotechnology."
     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., 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 sciences.
      Calvin Chow
      CEO, Nanosys, Inc.
      (650) 331-2100

SOURCE Nanosys, Inc.