Phillip J. Bond, Under Secretary of Commerce for Technology, U.S. Department of Commerce, to Deliver Address at May 25-26 Nanotechnology Conference

May 25, 2004, 01:00 ET from Pennsylvania Department of Community and Economic Development

    HARRISBURG, Pa., May 25 /PRNewswire/ -- Pennsylvania Community and
 Economic Development Secretary Dennis Yablonsky today announced that
 Phillip J. Bond, Secretary of Commerce for Technology, U.S. Department of
 Commerce, will make remarks at "The Business of Nano" conference, which will
 be held May 25-26 at the Pennsylvania Convention Center in Philadelphia.  The
 conference is designed to showcase innovative products, resources and programs
 that are accelerating the adoption and application of nanotechnology
 throughout the state.
     More than 300 key corporate and academic nanotech associates representing
 funding, research, development, manufacturing and investment communities will
 be assembled at the state's second major nano gathering sponsored by the
 Commonwealth.  More than 25 companies are slated to present their nanotech
 products and research.
     University and industry overviews, nanotechnology and life sciences
 (medical and pharmaceutical applications); nano manufacturing and processing
 (chemicals and materials); capitalization for nano companies; ethics for
 nanotechnology; regional infrastructure for nanotechnology; and legal issues
 for nanotechnology are among the conference session topics.
     Secretary Bond is slated to deliver remarks on May 26 on the significance
 of nanotechnology to the U.S. economy, nanotechnology's potential as an
 economic driver, the U.S. commitment to nanotechnology, and the nation's
 competitive position in the world regarding nanotechnology.  Bond said,
 "Nanotechnology may well become a second Industrial Revolution - a revolution
 built literally from the atomic level up.  Almost every industry in the global
 economy will be impacted by this smallest of all technologies.  America will
 lead the way in nano-related economic growth and high-wage job creation.  With
 its world-class corporations, universities and federal laboratories,
 Pennsylvania is well-positioned to help lead America."
     Secretary Yablonsky will open the two-day conference with an overview of
 the Commonwealth's nanotechnology activities.
     "Nanotechnology is an engine that will drive industrial change in the
 coming years," Yablonsky said.  "The conference is just one example of how the
 Commonwealth is positioning itself to ensure it is a key player in this
 building wave of development that promises to create a new generation of jobs
 for Pennsylvanians."
     Josh Wolfe, a renowned authority on nanotechnology, will be the opening
 plenary speaker.  Wolfe is a managing partner of Lux Capital, editor of
 Forbes/Wolfe Nanotech Report, and a senior associate of the Foresight
 Institute for Nanotechnology.
     In the coming years, nanotechnology, which creates technology atom by
 atom, will transform virtually every industrial sector.  While spending on the
 technology in the U.S. has reached $3 billion a year, nano products are
 expected to account for $1 trillion in sales in the U.S. by 2015.
     Pennsylvania's nanotechnology activities have attracted international
 attention for the second consecutive year through Small Times magazine's
 annual "Top 10 Small Tech Hot Spots" rankings.  This year, the Commonwealth
 ranked seventh best in the nation for nanotechnology - up from its 2003
 ranking as number 10.
     The complete conference program can be viewed online at
     On-site registration is free-of-charge to the media from 7:30 a.m. to
 8:30 a.m. on both days.  Press credentials must be provided at the door.
      CONTACT:  Laura Felty, Pennsylvania Department of Community and Economic
 Development, +1-717-783-1132

SOURCE Pennsylvania Department of Community and Economic Development