Texas, Aug. 24, 2004 (PRIMEZONE) -- Austin, Texas
based Applied Nanotech, Inc. (``ANI''), a subsidiary
of Nano-Proprietary (OTC BB:NNPP.OB - News), today
announced that it completed its proof of concept of
a high resolution, full color, 14-inch diagonal carbon
nanotube (CNT) TV (160 x 160 color lines or pixels).
This is a necessary preliminary step in demonstrating
a high resolution, full color, 25-inch diagonal CNT
TV (200 x 280 color lines or pixels) with the same
pixel size and pitch as the 14-inch diagonal CNT TV.
Work on the 25-inch display is in progress and is
being performed by a consortium of Japanese firms.
Both displays are designed in anticipation of a 60-inch
diagonal advanced TV (ATV) with the following characteristics:
aspect ratio 16:9; active area 53`` x 30''; ATV format
with 480 x 852 color lines; 256 gray levels; and brightness
of at least 1000 Nits. The Company expects to have
the 25-inch display, which will prove that scalability
is not an issue, complete no later than the end of
``This proof of concept is a critical achievement
in that the processes, including printing-like processes,
used in creating the display will allow manufacturers
to dramatically reduce the capital investment needed
to produce CNT TVs,'' said Dr. Zvi Yaniv, Chief Executive
Officer of Applied Nanotech. ``This capital investment
is expected to be approximately 80% less than that
for large area LCD and Plasma televisions. Given this
low level of investment, it is expected that a 60-inch
CNT TV will sell for less than $1,200 in full volume
production,'' continued Yaniv.
As the industry moves from ATV format to HDTV format
(720 x 1280 lines), the 14-inch diagonal concept proves
that ANI CNT technology is fully capable of HDTV format
on 80-inch diagonal TVs (defined by the Japanese National
Broadcasting Corporation NHK as the main target for
A demonstration video of the proof of concept in operation
is available to view on the Company's website, http://www.nano-proprietary.com,
under the ANI tab by selecting Demonstrations. As
the Company continues to improve the picture quality,
the website will be updated accordingly. The video
clip clearly shows that the video image does not suffer
from the ``ghost images'', that can be observed in
large LCD and plasma TVs as a tail of the image moving
across the screen. As expected, the image and its
characteristics are similar to the cathode ray tube,
since CNT TVs are a flat and thin extension of the
``Although we are obviously not television manufacturers,
I am extremely proud of our team's accomplishment
of perfecting the processes necessary for the production
of CNT TVs,'' said Marc Eller, Chief Executive Officer
of Nano-Proprietary, Inc.
About Nano-Proprietary, Inc.
Nano-Proprietary, Inc. is a holding company with two
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 http://www.nano-proprietary.com.
Chief Financial Officer
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Patti D. Hill