Buffalo, NY, August 17, 2005 --- NanoDynamics™, a leading nanotechnology organization and manufacturer of superior nanomaterials, has announced that a long-term strategic agreement has been reached with Ames Goldsmith (Glens Falls, NY) relating to the manufacturer and sales of NDSilver™ nanosilver powders. In particular, the companies will collaborate on products targeted for key market opportunities in the electronics area. This strategic partnership builds upon NanoDynamics' proprietary expertise in nanomaterials technology and the proven customer support abilities of Ames Goldsmith, and is expected to accelerate the commercialization of new products with real benefits to customers

NDSilver™ is a new line of nanosilver powders and when integrated into Ames Goldsmith's existing silver powder and flake products, assures a leadership role in the emerging use of nanosilver powders in electronics, medical, biocidal, and other applications. NDSilver™ powders are high purity, mono dispersed, spherical, and are available in dry or wet form in a range of particle sizes from 10-100 nanometers. The commercialization of nanosilver powder opens up many new opportunities, especially in the use of silver in novel deposition methods such as ink jetting and electrophoretic deposition at greatly reduced firing temperatures. Ames Goldsmith prides itself in customizing products according to each customer's special requirements.

About NanoDynamics, Inc.:

NanoDynamics, Inc. is a leading nanotechnology company offering nanomaterials, nano-enabled products and cutting edge technologies to our customers and partners around the world. NanoDynamics' has successfully developed proprietary technologies and commercialized a range of nanomaterials that are already improving the form, function and performance of a wide range of industrial and consumer products and industries, including electronics, semiconductors, fuel cells, transportation, energy and biotechnology.

For more information, please visit www.nanodynamics.com

About Ames Goldsmith:
Ames Goldsmith, in continuous operation since 1860, is one of the leading manufactures of silver products for industrial applications in the world today.

For more information, please visit www.amesgoldsmith.com