Nano-Proprietary, U Texas sign memory agreement

Feb. 7, 2005 — Nano-Proprietary Inc. (OTC.BB: NNPP), through its subsidiary, Applied Nanotech Inc. today announced it signed an exclusive licensing option agreement with The University of Texas at Austin.

The agreement is intended to further the development of a next generation memory chip using the university’s information storage technology based on thin photo-conductive films.

The licensing option agreement is for eighteen months starting January 4, 2005. During that time, Applied Nanotech will seek to design, fabricate, optimize and evaluate a 10,000 bit demonstration opto-electronic memory chip using the thin photo-conductive films of single layer composition.

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