June 6, 2007 — Nanoexa, a provider of high-performance clean energy storage solutions, has hired Dr. Deepak Srivastava as Chief Technology Officer. With more than a decade of computational modeling experience at the NASA Ames Center for Nanotechnology, Srivastava will be responsible for overseeing technical staff as well as R&D at Nanoexa.

As co-founder and CTO of Junius Tech, a computational materials design company that later merged into Nanostellar, Dr. Srivastava helped build and advise the technical team, investigate future new product and technology areas, and provide input into Nanostellar technology development. Over the past ten years as the Senior Lead Scientist and Group Leader of Computational Materials Design and Nanotechnology at NASA Ames, he has earned a long list of accolades including the Feynman Prize in Nanotechnology Theory, the Veridian Medal Paper Awards, The Eric Reissener Medal, and the Computer Sciences Corporation Award for Technical Excellence.

Last month, Nanoexa delivered new technology to Decktron, its publicly traded subsidiary in Korea, to be used in conjunction with existing intellectual property from Argonne National Laboratory. Initially targeting the radio control toys market with its new safe, high-powered lithium batteries, Nanoexa plans to expand its reach to serve the power tool and HEV markets in the near future.