Nanosys and Intel to Investigate Nanotechnology-Enabled Memory - News Item

Nanosys announced today that they have entered into a collaborative agreement with Intel to investigate using nanotechnology for future memory systems. Under the agreement, Intel will help support nano-related technology efforts at Nanosys for possible use in memory products. According to the agreement, Nanosys and Intel will work together exclusively on certain areas of memory related technologies for a set period of time.

"We're very pleased about working with Intel in such an exciting area of opportunity," said Calvin Chow, Nanosys co-founder and Chief Executive Officer. "Intel's expertise and success in the practical development and commercialization of semiconductor technologies for high value market segments makes them an excellent collaborator for Nanosys."

"Investments in companies like Nanosys play an important role in exploring novel applications of next-generation materials," said David Tennenhouse, vice president and director of research at Intel. "This collaboration will combine the strength of Intel in semiconductor memory technologies and the strength of Nanosys in certain advanced nanomaterials."

Nanosys also announced that Intel Capital, the strategic investment group at Intel Corporation, participated in Nanosys' $38M Second Round Financing that closed in May 2003.

Posted 14^th January 2004