Nov. 4, 2005 — Arrowhead Research Corp. (Nasdaq:ARWR), a provider of financing for nanotechnology research and a developer of nano companies, announced that it will work with Duke University and Jie Liu, a nanotube expert, to develop nanotube-based interconnects as a replacement for copper in computer chips.

Arrowhead has agreed to provide approximately $680,000 in funding over the next two years to develop Liu’s technology. In exchange, Arrowhead will have the exclusive right to license the resulting intellectual property and commercialize the process developed at Duke.

“Our intention is to fund development of a CMOS compatible process at Duke over the next two years,” said Bruce Stewart, Arrowhead’s president, in a prepared statement, “and then partner with device manufacturers to integrate carbon nanotube-based interconnects into their manufacturing processes.”