Nanotechnology Now - Press Release: Nano-Terra Inc. Announces Multi-Year Development and Licensing Agreement with 3M

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Abstract:
Nano-Terra's groundbreaking nano-scale fabrication methods to be used to develop advanced materials and devices for 3M

Nano-Terra Inc. Announces Multi-Year Development and Licensing Agreement with 3M

Cambridge, MA | Posted on May 17th, 2007

In an effort to more fully realize the potential of nanotechnology fabrication in advanced materials and devices, the Nano-Terra Company today announced a multi-year development and licensing agreement with 3M (NYSE: MMM). Nano-Terra is a privately-held company focused on commercializing industrial applications of nano- and micro- technologies that have been developed by Nano-Terra co-founder Dr. George Whitesides at his renowned laboratory at Harvard University.

The cooperative agreement is designed to bring to market innovative,
nanotechnology-based products and solutions made possible by the
groundbreaking nano-scale, molecular fabrication methods pioneered by
Professor Whitesides and the scientists at Nano-Terra. The Cambridge-based
company is employing the design and manipulation of molecular structures
for the creation of new properties and functionalities in materials.

Carmichael Roberts, Vice Chairman and co-founder of Nano-Terra, said,
"3M is an innovative, diversified technology company with a stable of
well-known brands, and is a global leader in commercializing
nanotechnology. We are proud they have chosen Nano-Terra as a collaborative
partner with the technology and expertise to apply nano-scale fabrication
to commercially viable processes and products. As a first step, we are
focusing on how our expertise in soft lithography and in molecular
self-assembly can support 3M's own development work in certain application
areas."

The co-development work will be performed primarily at Nano-Terra's lab
facilities in Cambridge, with frequent input from and milestone reviews by
3M.

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About Nano-Terra Inc.
Nano-Terra is a privately-held research and development company which
has field-exclusive licenses to more than 50 patents on work done by
co-founder Dr. George Whitesides at the renowned Whitesides Lab at Harvard
University, where he is the Woodford L. and Ann A. Flowers University
Professor.

The company leverages this intellectual property through co-development
and other agreements with Fortune 500 industrial and manufacturing
companies and the U.S. Government.

Nano-Terra's nano-scale, molecular methods can be used to fabricate
advanced materials and devices that enhance existing products or create
entirely new products in a broad range of areas, including: smart materials
and surfaces; flexible electronics such as displays and electronic
packaging; fuel cells, batteries and solar power devices; sensors;
industrial products and processes; and a wide range of consumer goods. For
more information, visit http://www.nanoterra.com .

About 3M -- A Global, Diversified Technology Company

Every day, 3M people find new ways to make amazing things happen.
Wherever they are, whatever they do, the company's customers know they can
rely on 3M to help make their lives better. 3M's brands include Scotch,
Post-it, Scotchgard, Thinsulate, Scotch-Brite, Filtrete, Command and
Vikuiti. Serving customers around the world, the people of 3M use their
expertise, technologies and global strength to lead in major markets
including consumer and office; display and graphics; electronics and
telecommunications; safety, security and protection services; health care;
industrial and transportation. For more information, including the latest
product and technology news, visit http://www.3M.com .