Oct. 5, 2004 — Nanosys Inc., a Palo Alto, Calif.-based developer of inorganic semiconductor nanocrystal technology, announced it has been awarded an $8.2-million subcontract to develop nanotech-enabled systems for the federal government.
Under the subcontract, awarded by Science Applications International Corp. (SAIC), Nanosys will receive $1.5 million of funding over the first 12 months of the program and an additional $6.7 million over the following period, pending the achievement of certain milestones and the availability of funds. Further details were not disclosed.
The two companies previously made an agreement to work together to market each other’s capabilities to customers. Nanosys CEO Calvin Chow said the company can take advantage of synergies between the products it develops for commercial applications and the needs of the government.