May 18, 2006 — Austin, Texas-based Nano-Proprietary through its subsidiary, Applied Nanotech, has formed a strategic alliance with Mitsui & Co. Ltd of Japan to develop nanotechnology businesses. The companies plan to work together to develop and license products based on Applied Nanotech’s intellectual property and research capabilities, combined with Mitsui’s international business network.
The initial focus will be on creating prospective licensing and manufacturing partnerships to facilitate the commercialization of carbon nanotube field emission technologies, products and related businesses. The companies hope that they will be able to establish pilot lines for a future manufacturing base in Japan.