Frankfurt / Milpitas, CA. – November 13, 2008 – Nanostart Holding NanoGram Corporation has extended its relationship with Tokyo Electron Ltd. (TEL) from strategic investor to technology and market development partner by entering into a joint development agreement (JDA).
The JDA will focus on developing advanced thin film deposition tools based on NanoGram’s patented laser reactive deposition (LRD™) process for silicon. The platform will be targeted for the rapidly growing thin film photovoltaics market, which is expected to grow to 40 percent of the entire PV market by 2012 according to the Prometheus Institute for Sustainable Development.
NanoGram’s LRD process has a distinct rate advantage with the capability to deposit amorphous and microcrystalline silicon significantly faster than conventional CVD processes.
“This extended relationship with TEL is very important and exciting for us because it validates TEL’s initial investment in NanoGram and the potential of our technology,” said NanoGram President and CEO Dr. Kieran Drain. “This expanded relationship will help NanoGram accelerate the development of this technology to capture the demand for higher rate silicon deposition tools.”
“We are very happy with our investment in NanoGram and now this joint technology development even further establishes our relationship and creates new opportunities in key and target markets”, said TEL Venture Capital President Mike Yamaguchi.
TEL, established in 1963, is a leading supplier of innovative semiconductor and FPD production equipment worldwide. In Japan, TEL also distributes computer network related products and electronic components of global leading suppliers. To support this diverse product base, TEL provides services to customers through a global network of approximately 90 locations in the U.S., Europe and Asia. TEL is a publicly held company, listed on the Tokyo Stock Exchange.
About NanoGram Corporation:
NanoGram Corporation is a pioneer and leading Cleantech solutions provider that enables customers and partners to realize product and system performance previously thought impossible. NanoGram develops, manufactures, and sells silicon-based photovoltaics as well as advanced nanomaterials, process technologies, and production tools for optical, electronic and energy products. NanoGram also offers complete licensing packages that include proven materials production processes, surface modification and dispersion technologies, process transfer expertise, and ongoing support. For further information about the company, please visit www.nanogram.com.
About Nanostart:
Nanostart AG is the world’s leading nanotechnology investment company. The Frankfurt-based company provides venture capital financing for nanotechnology companies in various growth phases. It also provides the benefits of its experience and expertise to developers of financial instruments and to investors in the nanotechnology sector. For further information about the company, please visit www.nanostart.de.
Disclaimer:
This notice constitutes neither an offer to sell nor a solicitation of offers to purchase or subscribe to securities. There will be no public offering of securities of Nanostart AG in conjunction with the existing listing of its shares in the “Entry Standard” segment of the regulated unofficial market (Freiverkehr) on the Frankfurt Stock Exchange. This notice does not constitute a securities prospectus. Neither this notice nor the information contained within is intended for direct or indirect distribution within the United States of America, Canada, Australia or Japan.
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