Nanosys,
Inc. has announced the expansion and extension of its
collaborative agreement with Sharp Corporation, of Osaka, Japan, to
develop nanotechnology enabled fuel cells incorporating Nanosys'
proprietary nanostructure technology. Under the terms of the agreement,
Sharp will fund the joint development efforts at Nanosys and Sharp
towards developing high performance fuel cells for use in portable
consumer electronics such as laptop computers, cell phones, and
multimedia devices. Financial details of the agreement were not
disclosed.
"Sharp and Nanosys have made exceptional progress towards
developing fuel cell technology for use in portable electronic
products," said Dr. Kenji Ohta, Sharp's Chief Technology Officer. "This
expanded collaboration underscores our successful working relationship
and Sharp's confidence in Nanosys' technology to address the exciting
opportunities in the portable power market."
"As portable electronic devices continue to expand in
capability, the need for increased battery power within smaller and
lighter packages will be critical to their success," said Calvin Chow,
Nanosys' Chief Executive Officer. "We are very pleased to be expanding
our collaboration with an industry leader like Sharp to address this
market opportunity."