Nanosys, DoCoMo Capital, and NTT DoCoMo to Collaborate on Nanotechnology-Enabled Wireless Communication Opportunities
Thursday January 11, 9:00 am ET
PALO ALTO, CA--(MARKET WIRE)--Jan 11, 2007 -- Nanosys, Inc. and DoCoMo Capital, Inc., a wholly owned US subsidiary of NTT DoCoMo, Inc., today announced they have entered into an exclusive collaboration agreement among Nanosys, DoCoMo Capital, and NTT DoCoMo, Inc. to develop Nanosys' nanotechnology platform for potential product opportunities in wireless communications for mobile telephone applications in Japan. Under the terms of the agreement, NTT DoCoMo and DoCoMo Capital will fund development efforts at Nanosys and NTT DoCoMo. In addition, DoCoMo Capital announced its equity investment in Nanosys. Financial details of the agreements were not disclosed.
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"We are extremely pleased to be working with NTT DoCoMo and DoCoMo Capital," said Calvin Chow, Nanosys' Chief Executive Officer. "NTT DoCoMo actively promotes the development and introduction of new services and technologies ahead of its competitors, and recognizes the potential of Nanosys' technology in addressing numerous emerging wirelesss communications opportunities."
"This collaboration, as well our investment in Nanosys, allows us to expand future opportunities for developing new mobile telephone applications," said Nobuyuki Akimoto, President and CEO of DoCoMo Capital. "Through advances using nanotechnology we expect to increase NTT DoCoMo's position as the mobile communications technology leader in the world."
About Nanosys
Nanosys, Inc. is a leader in the development of nanotechnology-enabled products utilizing high performance inorganic nanostructures. Nanosys has built one of the broadest technology platforms in the industry with approximately 500 patents and patent applications covering fundamental areas of nanotechnology. Based in Palo Alto, California and privately held, Nanosys collaborates with industry leaders to develop revolutionary high-value, high-performance products for computing, optoelectronics, communications, renewable energy, defense and the life sciences. Additional information on Nanosys can be found at www.nanosysinc.com.
About DoCoMo Capital
DoCoMo Capital, Inc. is a Palo Alto, California-based, wholly owned venture investment subsidiary of NTT DoCoMo, Inc. (NYSE:DCM - News), the leading mobile communication company based in Japan. Working closely with NTT DoCoMo's business and R&D divisions, DoCoMo Capital is in charge of NTT DoCoMo's early to middle stage venture investments in mobile communications related start-up companies predominantly in the United States. Established in 2005, the company has committed capital of $100 million. For more information, please access www.docomo-capital.com.
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