May 7, 2007 — NanoDynamics, Inc. a diversified nanotechnology and manufacturing company, announces that it has filed a registration statement with the Securities and Exchange Commission for an initial public offering of shares of its common stock. The number of shares to be offered and the price range for the offering have not yet been determined.

NanoDynamics intends to use a portion of the net proceeds from the offering for capital equipment and expansion of its manufacturing capabilities, research and development, and sales and marketing activities. The company will use the remaining net proceeds for general corporate purposes.

Jefferies & Company, Inc. is acting as the sole book-running manager of the offering.

The company has also launched TechBank, a forum offering information on a selection of its intellectual property available for sale, licensing, partnering, or joint development.

Located within NanoDynamics’ NDInnovations group web portal, TechBank offers a downloadable description of each item. The first 13 of these technologies are available for review now; several are expected to be added each quarter. The technologies typically fall into one of four stages of development: developed (ready for scale-up and commercialization, and protected by issued patents), intermediate (secured through published or applied patents, prototypes demonstrated), nascent (IP disclosure, developed prototype), and theoretical.

“Unlike other ‘IP stores’ that use a third-party brokering system, TechBank offers the ability for those interested in our intellectual properties to work directly with our internal experts,” said Dr. Alan Rae, vice president of ND Innovations.