Nanosys Signs Agreement with SAIC to Pursue Nanotechnology Enabled Systems for Defense and Government Programs

Palo Alto, CA - (August 20, 2003). Nanosys, Inc. announced today that it has signed a Master Marketing and Business Development Agreement with SAIC. Under the agreement, SAIC will fund selected research and development efforts at Nanosys to support the pursuit of nanotechnology enabled systems for opportunities in defense and related government programs. Financial terms were undisclosed.

Earlier this year SAIC Venture Capital Corporation, the venture capital arm of SAIC, participated as an investor in Nanosys’s $38M Series C round of financing. This new agreement enables Nanosys and SAIC to jointly pursue and identify opportunities that can deliver nanotechnology enabled solutions for civil, homeland security, and national defense applications under government contracts. The solutions will combine the core nanotechnology-enabled systems being developed at Nanosys for the rational design of nanomaterials and the assembly of high-performance nanostructures into devices, with the systems-integration and government marketing expertise of SAIC. Over the past year, Nanosys and SAIC have pursued joint contracts in a wide range of technical areas ranging from solar cells to biosensors. This new agreement will increase the resources available for further contract development.

“Nanosys’s core nanotechnology platform helps us to meet the growing demands of our government customers, and this agreement with Nanosys should enable us to provide our customers with technology they need to fulfill their missions and goals,” remarked Bob Buchanan, SAIC senior vice president.

“This agreement highlights our successful relationship with SAIC,” commented Stephen Empedocles, Nanosys co-founder and director of Business Development, “It represents an excellent opportunity for Nanosys to leverage SAIC’s technical expertise and long-standing record of working successfully with the US government in systems integration. SAIC has had a long track record of setting the standard for technology and engineering within the government and is an ideal company for integrating Nanosys’s commercial technologies into government systems.”

About Nanosys

Nanosys, Inc. is a rapidly growing advanced technology company, leading the burgeoning nanotechnology industry through the development of nano-enabled systems. These systems incorporate novel and patent-protected nanostructures that integrate functional complexity directly into each individual nanoparticle, enabling the low-cost fabrication of revolutionary high-value, high-performance applications in a broad range of industries from life and physical sciences to information technology and communications to renewable energy and defense. These nanostructures include nanowires, nanorods, nanotetrapods and nanodots formed from all of the industrially important semiconductor materials (Group II-VI, III-V and IV) as their principal active elements. These systems exploit the fundamentally new and unique electronic, optical, magnetic, interface and integration properties associated with materials on the nanometer-scale. The initial applications include exquisitely sensitive chemical and biological sensors, high performance large area macroelectronics and lightweight high efficiency conformal photovoltaics.

About SAIC

SAIC is the nation's largest employee-owned research and engineering company, providing information technology, systems integration and eSolutions to commercial and government customers. SAIC engineers and scientists work to solve complex technical problems in national and homeland security, energy, the environment, space, telecommunications, health care, transportation and logistics. With annual revenues of $5.9 billion, SAIC and its subsidiaries, including Telcordia Technologies, have more than 40,000 employees at offices in more than 150 cities worldwide. More information about SAIC can be found at www.saic.com.

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