August 2, 2007 — Cnano Technology Ltd. has received $6 million in venture funding co-led by CMEA Ventures and Pangaea Ventures, and including WI Harper. Cnano is focused on manufacturing carbon nanotubes and the development of applications associated with the nanotubes.

Cnano has pioneered a novel hybrid technology that promises significantly reduced manufacturing costs compared to any other carbon nanotube production methods to date. “Since the discovery of carbon nanotubes, the applications have been limited due to high costs. With our patented mass-production technology, Cnano is strategically positioned to provide high quality nanotube products at good prices for our customers,” noted Xindi Wu, Cnano president and CEO.

“Cnano’s unique technology and manufacturing in China will enable it to compete effectively in the global market place,” said Peter Liu, Chairman of WI Harper Group. “Cnano is expected to target several large high growth carbon nanotubes applications.”