Revolutionary Breakthrough in Nanotechnology Announced by PSI-TEC

    WILMINGTON, Del., March 17 /PRNewswire-FirstCall/ -- PSI-TEC Corporation,
 a wholly owned subsidiary of PSI-TEC Holdings, Inc. (Pink Sheets:   PTHO), a
 nanotechnology firm, announced today the completion of the penultimate step in
 the fabrication process of a revolutionary new nanomaterial.
     Mr. Frederick Goetz, President and CEO of PSI-TEC Corporation, explains
 PSI-TEC laboratory's recent breakthrough consists of the fabrication of an
 electro-optic material constructed atom-by-atom at the molecular level.  These
 patented materials are expected by PSI-TEC scientists to have broad
 application in civilian and military telecommunication and advanced
 computational systems.
     Mr. Goetz continued: "Another major potential application for the
 nanomaterials that we develop is something called 'optical interconnect
 technology,' an area of intense interest by many major players in the
 high-tech arena.
     "Optical interconnects will quite literally provide computers with the
 ability to operate at light-speed."
     Optical interconnects are the core component in the construction of
 "optical computers," i.e. computers which integrate the conduction of light
 (as opposed to electricity) at various stages for extremely high-speed
 computation.  The development of breakthrough electro-optic nanomaterials such
 as those being developed by PSI-TEC has long been a major obstacle in the
 creation of optical interconnects.
     Optical interconnects, not long ago considered futuristic, are currently
 the object of aggressive investigation by Intel, IBM, Agilent Technologies and
 the U.S. Government.
     The nanomaterials under development by the PSI-TEC Corporation consist of
 many billions of individual electron oscillators (called chromophores), each
 less than three nanometers (or three billionths of a meter) in length.  These
 tiny oscillators operate at a quantum mechanical level to facilitate the
 transformation of electricity into light at extremely high speeds.  PSI-TEC's
 recent breakthrough consists of final fabrication of these miniscule
 oscillators in their "ionic" or "salt" form.  The ultimate step in the
 fabrication process consists of the liberation of these electron oscillators
 from their ionic state which is expected in the very near future.
     "This is an extremely exciting moment for us," said Mr. Goetz.  "This
 achievement is the result of many years of molecular engineering and material
 design.  I can see quite clearly now that our patented nanotechnologies will
 dictate how electro-optic plastics are made from now on -- and that
 electro-optic plastics are the future of all broadband telecommunication.
     "Our breakthrough technology is exactly what the industry has been waiting
 for."
 
     About PSI-TEC
     PSI-TEC Corporation is a developmental stage company that engineers
 next-generation electro-optic (EO) plastics for future applications vital to
 modern commerce, homeland security, and medical technology.  PSI-TEC's
 proprietary electro-optic plastics are produced at the molecular level for
 superior performance, stability and cost-efficiency and are expected to
 replace more expensive, lower-performance materials used in fiber-optic
 ground, wireless and satellite communication networks.
     Other companies developing similar technologies include LUMERA
 CORPORATION.
 
     Safe Harbor Statement
     The information posted in this release may contain forward-looking
 statements within the meaning of the Private Securities Litigation Reform Act
 of 1995.  You can identify these statements by use of the words "may," "will,"
 "should," "plans," "expects," "anticipates," "continue," "estimate,"
 "project," "intend," and similar expressions.  Forward-looking statements
 involve risks and uncertainties that could cause actual results to differ
 materially from those projected or anticipated.  These risks and uncertainties
 include, but are not limited to, general economic and business conditions,
 effects of continued geopolitical unrest and regional conflicts, competition,
 changes in technology and methods of marketing, delays in completing various
 engineering and manufacturing programs, changes in customer order patterns,
 changes in product mix, continued success in technological advances and
 delivering technological innovations, shortages in components, production
 delays due to performance quality issues with outsourced components, and
 various other factors beyond the Company's control.
 
     For additional information contact: Mike Queen (302) 998-8824.
 
 

SOURCE PSI-TEC Corporation

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