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AUSTIN,
Texas, Dec. 29, 2004 (PRIMEZONE) -- Austin, Texas-based
Nano-Proprietary, Inc. (OTC BB:NNPP.OB - News), through
its subsidiary, Applied Nanotech, Inc. (ANI), today
announced that it has entered into a research and
development agreement with KRI, Inc. (KRI) to develop
a hydrogen sensor for automotive fuel cell applications.
KRI, Inc. is the research and development subsidiary
of Osaka Gas Co. Ltd., the second largest gas utility
company in Japan.
This subcontract is the result of
a joint proposal submitted by KRI and ANI to NEDO,
the New Energy Industrial Technology Development Organization
established by the Japanese Government in 1980. NEDO
launched a new project for international joint research
to promote advanced and innovative R&D in the
hydrogen energy field and awarded eleven grants with
eleven different themes. The proposal by KRI and ANI
was one of the grants awarded. The joint project is
expected to take about one year and ANI will receive
an amount similar to an SBIR Phase I grant during
that period for its portion of the research.
``We are pleased
to participate in this project,'' said Dr. Zvi Yaniv,
Chief Executive Officer of Applied Nanotech, Inc.
``Our selection for this project speaks volumes about
our technology.''
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 commercialization 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 http://www.nano-proprietary.com.
KRI, INC.
KRI, Inc. is a research
and development company owned by OG Capital, a 100%
owned subsidiary of Osaka Gas Co., Ltd., the second
largest gas utility company in Japan.
Contact:
COMPANY CONTACT MEDIA CONTACT
Nano-Proprietary, Inc. BlabberMouth Public Relations
Doug Baker Patti D. Hill
Chief Financial Officer (512) 218-0401
(248) 391-0612 patti@blabbermouthPR.com
dbaker@ameritech.net
Source: Nano-Proprietary Inc.
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