Nanosys to Expand its Flash Memory Collaboration with Intel Corporation and Micron Technology

Palo Alto, CA - (June 29, 2006) . Nanosys announced today that it has expanded its nanotechnology-enabled memory collaboration with Intel Corporation and Micron Technology, Inc. The collaboration utilizes Nanosys' proprietary nanostructures to address high density NAND flash memory opportunities in areas such as consumer electronics, portable storage, and personal communications .

“We are extremely pleased to be working with two of the top leaders in the area of non-volatile memory,” said Calvin Chow, Nanosys' chief executive officer. “Together, Intel and Micron bring an unparalleled set of capabilities that will help accelerate the development and incorporation of our nanostructures into non-volatile memory devices.”

“Our collaboration with Nanosys is part of our extensive R&D efforts to extend the technology roadmap for non-volatile memory,” said Ed So, vice president, Intel Corporation and director of California Technology and Manufacturing. "This collaboration, along with our strategic relationship with Micron, further underscores our technology leadership and commitment in non-volatile memory.”

“We are excited to be a part of this collaboration” said  Frankie Roohparvar,  vice president of NAND Development at Micron.  “Micron has taken on a leadership role in NAND technology and Nanosys' technology offers a very practical and promising approach towards addressing the continued scaling needs of the fast-growing non-volatile memory market.”

Nanosys' nanotechnology-enabled memory technology is designed to be compatible with current manufacturing processes and equipment, while allowing for higher storage densities, lower cost per bit, and improved reliability.

About Intel

Intel, the world leader in silicon innovation, develops technologies, products and initiatives to continually advance how people work and live. Additional information about Intel is available at www.intel.com/pressroom .

About Micron

Micron Technology, Inc. is one of the world's leading providers of advanced semiconductor solutions. Through its worldwide operations, Micron manufactures and markets DRAMs, NAND Flash memory, CMOS image sensors, other semiconductor components, and memory modules for use in leading-edge computing, consumer, networking, and mobile products. Micron's common stock is traded on the New York Stock Exchange (NYSE) under the MU symbol. To learn more about Micron Technology, Inc., visit its Web site at www.micron.com

About Nanosys

Nanosys, Inc. is a leader in the development of nanotechnology-based products utilizing high performance inorganic nanostructures. Nanosys has built one of the broadest technology platforms in the industry with more than 450 patents and patent applications covering fundamental areas of nanotechnology. Based in Palo Alto , Calif. and privately held, Nanosys collaborates with industry leaders to develop revolutionary high-value, high-performance products for computing, optoelectronics, communications, renewable energy, defense and the life sciences. Additional information on Nanosys can be found at www.nanosysinc.com .

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