Holdings, Inc. (OTCBB: APNT) announced that it has entered into an exclusive
worldwide license agreement with a leading industrial chemical products company
in Japan for manufacturing and commercializing nano-copper inks and pastes.
Applied Nanotech will receive an upfront payment of $1.5 million, of which $500,000
is payable immediately, and $1.0 million is payable in June 2010. In addition,
Applied Nanotech will receive a royalty of 4% of sales of the copper inks and
pastes by its partner. The parties are also beginning discussions for a new
research and development contract beginning October 1, 2009 to transition to
the fourth phase of the project, which began in 2006.
"This is a giant step toward implementing our Technical Inks Printing
Solution ('TIPS') strategy based on five important modules: nanoparticles manufacturing,
inks development and manufacturing, technical printing applications development,
processing development, and adequate hardware. Securing a trusted, high quality
technology partner with a broad base of products used in electronic applications
plays a vital role in our approach," said Dr. ZviYaniv, Chief Executive
Officer of Applied Nanotech, Inc.
"We are pleased to have reached this milestone," said Doug Baker,
CEO of APNT. "We look forward to a long and beneficial relationship with
our partner in this area and the opportunities that this relationship provides."
Dr. Robert Ronstadt, Chairman of APNT, added, "I believe we will look
back on this license, which provides strong support for the viability of our
business model, as a seminal event in our company's history."