Nano-Proprietary completes private placement

Oct. 7, 2003 — Nano-Proprietary Inc., an Austin, Texas, holding company, completed a private placement of 1,355,295 shares of common stock for gross proceeds of $2,270,000, or net $2,210,000 after expenses, according to a news release.

The company said the funding will enable it to operate through the end of 2004 and beyond without additional equity financing. Nano-Proprietary consists of two wholly owned operating subsidiaries — Applied Nanotech Inc., a nanotechnology-based product developer, and Electronic Billboard Technology Inc., which develops technology for electronic digitized signs.


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