Nanosys and Matsushita Electric Works to Develop Nanotechnology Based Solar Cells for the Asian Building Materials Market

Palo Alto, CA - (December 4, 2002). Nanosys Incorporated and Matsushita Electric Works have entered into a collaborative agreement for the development of nanotechnology based solar cells for the Asian building materials market.

The collaboration will combine the proprietary inorganic nanocrystal and nanocomposite technologies from Nanosys with Matsushita’s high volume, low cost manufacturing technologies to develop solar cells with dramatic cost and performance benefits. Matsushita Electric Works intends to incorporate these devices into building materials for residential and commercial facilities in Asia.
“This is an outstanding opportunity for Nanosys and Matsushita Electric Works to deploy the compelling advantages of our expertise in nanotechnology into a major industry” said Larry Bock, Nanosys Founder and CEO. “Matsushita, with their leadership and technological strength in the building materials industry, is an ideal partner for Nanosys”.

”Matsushita looks forward to working with Nanosys on developing next generation solar cell technology” said Mr. Shungo Ozawa, Executive Vice President of Matsushita Electric Works R&D Lab. Inc. (USA) “We believe that the Nanosys technology set represents the best nanotechnology solution for this important commercial opportunity”.

About Nanosys

Nanosys, Inc. is a disruptive platform technology company focused on the development of nanotechnology-enabled systems. These systems incorporate novel and patent-protected zero- and one-dimensional nanocrystals such as nanowires and nanoparticles (quantum dots, quantum rods, etc.) as their principal active elements. These systems exploit the fundamentally unique electronic, magnetic, optical, chemical, processing and integration properties associated with materials having nanometer-scale dimensions. Devices and systems constructed from these materials will revolutionize a broad range of industries from life sciences (molecular sensing) to optoelectronics (LEDs, lasers, photovoltaics, integrated photonics, and displays) to nanoelectronics (non-volatile ultra-fast memory, nano logic circuits and quantum computing). These devices will offer radical and discontinuous performance improvements in speed, sensitivity, power consumption, device density, cost, and integration, as well as enabling new applications never considered using traditional materials. By combining the world’s scientific leaders in nanomaterials, integration, and applications with experienced commercial engineers and technologists and a team of seasoned entrepreneurs, Nanosys is turning the promise of nanotechnology into reality.

About Matsushita Electric Works, Ltd.

Matsushita Electric Works, Ltd. (MEW) operates in the six product areas of lighting products, information equipment and wiring products, home appliances, building products, electronic and plastic materials, and automation controls. MEW takes an integrated approach to its operations, which start with research and development, manufacturing, and sales and extend to proposals for product usage, installation and servicing.

MEW's products range from home appliances to products and fixtures for homes, buildings, commercial establishments, public facilities and factories. The MEW group of 46,041 employees includes 191 consolidated subsidiaries worldwide, ranging from production sites to research laboratories. Visit MEW's English home page at http://www.mew.co.jp/e-index.html.

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