AUSTIN, Texas, Nov. 24, 2003 (PRIMEZONE) -- Nano-Proprietary, Inc. (OTCBB:NNPP), through its subsidiary, Applied Nanotech, Inc. (ANI), today announced that during its participation at the Defense Research and Engineering Conference and Exposition sponsored by The American Society of Mechanical Engineers International that took place in Washington, D.C., November 17-19, 2003, it presented for the first time the concept of remote detection of explosives using nanodetectors. The use of nanoscale sensors for CBRE (chemical, biological, radiological and explosive agents) could critically impact national security programs by providing sensitive, selective and inexpensive sensors that can be deployed for advanced security for transportation, military, border crossing, civilian business, federal buildings, etc.
At this conference, Applied Nanotech, Inc.'s CEO, Dr. Zvi Yaniv, during his invited talk entitled "Current Applications of Nanotechnology and Future Outlook For Security Systems", presented a new concept for remote detection of explosives. Airborne nanodetectors can be strategically placed to detect the presence of explosives. These nanodetectors, such as selective quantum dots, nanoporous silicon particles, bioluminescent molecules, etc., which are totally harmless to the environment and living organisms, change their optical characteristics in the presence of chemicals embedded in explosives. These changes can be easily detected from a large distance, for example, using usual photomultipliers already utilized in many light detection applications. Additional technical information is available on our website, www.nano-proprietary.com, in the press release section.
"This is a natural extension of our sensor patents and know-how using nanotechnology," said Dr. Zvi Yaniv, CEO of Applied Nanotech, Inc. "We are now in the process of selecting a partner to help us create a working prototype," continued Dr. Yaniv.
Safe Harbor Statement
This press release contains forward-looking statements that involve risks and uncertainties concerning Nano-Proprietary's business, products, and financial results. Actual results may differ materially from the results predicted. More information about potential risk factors that could affect our business, products, and financial results is included in Nano-Proprietary's annual report on Form 10-KSB for the fiscal year ended December 31, 2002, and in reports subsequently filed by Nano-Proprietary with the Securities and Exchange Commission("SEC"). All documents are available through the SEC's Electronic Data Gathering Analysis and Retrieval system (EDGAR) at www.sec.gov or from Nano-Proprietary's web site listed below. Nano-Proprietary hereby disclaims any obligation to publicly update the information provided above, including forward-looking statements, to reflect subsequent events or circumstances.
About Nano-Proprietary, Inc.
Nano-Proprietary, Inc. is a holding company consisting of two wholly owned operating subsidiaries. Applied Nanotech Inc. is a premier research and development organization dedicated to developing applications for nanotechnology with an extremely strong position in the field of electron emission applications from carbon film/nanotubes. Electronic Billboard Technology, Inc. (EBT) possesses technology related to electronic digitized sign technology. Nano-Proprietary's website is www.nano-proprietary.com.