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PALO
ALTO, Calif., Aug. 18 /PRNewswire/ -- Nanosys, Inc.
today announced
that the United States Defense Advanced Research Projects
Agency (DARPA) has
awarded a contract to Nanosys and its collaborators
to support the development
of flexible low cost solar cells. The award has a
potential value of
approximately $14 million over a five-year period.
The initial 12-month Phase
1 of the program will include up to $2.2 million of
funding to Nanosys and its
collaborators. Additional phases of development will
be funded based upon the
approval of DARPA.
The approved program will focus
on the development of nanotechnology based
high efficiency flexible solar cells that are light-weight
and low-cost to
provide power generation solutions for military applications.
Nanosys will
manage the contract and will collaborate with research
and development
partners including: the University of California at
Berkeley, Battelle
Memorial Institute, and SAIC.
"Nanosys
and its partners are extremely pleased to have the
opportunity to
work with DARPA on this important program," said
Calvin Chow, Nanosys' Chief
Executive Officer. "This program will assist
us in developing solar cells
with potential breakthrough cost and performance advantages
that could have a
major impact on how energy is generated and the energy
landscape in general."
"The
U.S. Department of Defense requires flexible, reduced
weight power
solutions for applications ranging from dismounted
combatants on earth to high
altitude airships and spacecraft," said Darrel
Hopper, Principal Electronics
Engineer at the Air Force Research Laboratory, who
is DARPA's Agent and
Program Manager for the Nanosys effort. "The
Nanosys shaped-nanocrystal
nanocomposite approach to flexible organic photovoltaic
cells is
extraordinarily creative and has the potential to
provide the revolutionary
renewable power technology sought by DARPA."
DARPA is the central research and development organization
for the
U.S. Department of Defense. It manages and directs
selected basic and applied
research and development projects and pursues research
and technology where
success may provide dramatic advances for traditional
military roles and
missions.
About Nanosys
Nanosys, Inc. is a leader in the development of nanotechnology
based
products utilizing inorganic nanostructures. Nanosys
has built one of the
broadest technology platforms in the industry with
more than 250 patents and
patent applications covering fundamental areas of
nanotechnology. Based in
Palo Alto, Calif. and privately held, Nanosys collaborates
with industry
leaders including Dupont, Intel, Matsushita Electric
Works and SAIC to develop
revolutionary high-value, high-performance products
for computing,
optoelectronics, communications, energy, defense and
the life and physical
sciences.
Contact
Peter Garcia
Chief Financial Officer
Nanosys, Inc.
(650) 331-2154
pgarcia@nanosysinc.com
SOURCE
Nanosys, Inc.
Web Site: http://www.nanosysinc.com
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