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Applied Nanotech Enters into Agreement with Roscommon + Peacock International

Applied Nanotech Holdings, Inc. (OTC BB: APNT) announced that it has entered into an agreement with Mr. Martin Schmid, Managing Director of Roscommon and Peacock International GmbH, to represent ANI's interests in Europe. The office will be located in Bergisch Gladbach, Germany in the Köln/Dusseldorf region.

Mr. Martin Schmid recently retired from his position as the General Manager of the Carbon Nanotubes (Baytube™) Division of Bayer MaterialScience (BMS) in Leverkusen. His global responsibilities included R&D, production, business development, marketing and sales, as well as health and safety activities since 2005. Mr. Schmid was instrumental in obtaining the investment for a new world scale production plant in 2007 and oversaw the construction of this plant. From 1991 to 2005 Mr. Schmid Held managerial positions in Bayer's polymer business units.

“We are very pleased that Mr. Schmid has joined our team,” said Dr. Zvi Yaniv, CEO of Applied Nanotech, Inc. “Martin's experience in the marketing and sale of nanomaterials and polymers will contribute greatly to our efforts to expand our activities in Europe. I expect this arrangement to be equally successful to our long time marketing presence in Japan that has resulted in substantial revenue over the years.”

“It is great that Martin is bringing his vast experience to help us accelerate commercialization of our nanomaterials,” said Doug Baker, CEO of Applied Nanotech Holdings, Inc. “Nanomaterials is one of the most active and rapidly expanding areas of our business and this expansion of our business development efforts will lead to increased revenue opportunities for us.”

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