Leading Nanotechnolgy Powerbroker Mark Modzelewski Joins NanoDynamics as VP of Strategic Opportunities

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Efforts to focus on creating new product line partnerships, government opportunities, strategic relationships, and acquisitions.

NanoDynamics,™ Inc., a leader in the development and manufacturing of advanced nanomaterials and nanotechnology-enabled products, announced today that noted nanotechnology business visionary F. Mark Modzelewski is joining the firm in the newly created position of Vice President of Strategic Opportunities.

In his new role, Modzelewski will be responsible for the identification and formation of new strategic partnerships, corporate relationships, licensing deals, joint ventures, and acquisitions, as well as furthering the Company's government funding and contracting opportunities.

"We are very excited to have Mark join us," said Keith Blakely, CEO of NanoDynamics. "Having Mark come over from Lux Research, a firm that has been of great help in shaping our business strategy, allows us to accelerate our plan to establish NanoDynamics as one of the leading nanotechnology-enabled product companies in the world. Mark brings tremendous business, financial, and government-sector experience, and has been one of the leading advocates of the potential for nanotechnology," Blakely added.

Modzelewski founded and is executive chairman of The NanoBusiness Alliance, whose purpose is to advance the emerging trillion dollar business of nanotechnology. He also co-founded and served as managing director of Lux Research, a premier research and advisory firm focusing on the business and economic impact of nanotechnology and related emerging technologies.

This spring, Mark served as a visiting professor at Rensselaer Polytechnic Institute's Lally School of Business teaching technology entrepreneurship. In 2003, Modzelewski launched, and continues to advise, the Benet Group, a private equity firm focused on bio-nanotechnology companies, that builds start-ups from raw science working with leading university and government researchers.

Modzelewski is a member of the Nanotechnology Technical Advisory Group to The President's Council of Advisors on Science and Technology (PCAST). He is among the most well-known figures in the technology field and was recently recognized by Forbes as one of nanotech's top "powerbrokers."

Before starting the NanoBusiness Alliance, Modzelewski was vice president of business development for Opion, a surveillance and marketing technology company, and a director of Niehaus, Ryan, Wong, New York, heading strategic communications, investor relations and issues-management efforts for a host of leading technology companies.

Prior to entering the private sector, Modzelewski was an appointee in the Clinton Administration, serving as special assistant in the offices of HUD Secretary Henry Cisneros and Secretary Dan Glickman of the U.S. Department of Agriculture. Modzelewski earned his law degree at the University of Denver College of Law.

"Keith has put together a world-class team and a product-focused approach that is truly helping to drive nanotechnology from the lab to the marketplace," said Modzelewski. "Helping start Lux Research and being part of its growth and success was an incredible experience and I am looking forward to continuing working with the team at Lux in the future."

"Mark's unique perspective has helped deliver valuable insights to many of Lux Research's clients," said Lux Research CEO Peter Hebert. "We're excited to continue our work with him as a client at NanoDynamics."

About NanoDynamics

NanoDynamics,™ Inc., is a leader in the field of nanotechnology and manufacturer of superior nanomaterials. With proprietary technologies and a wealth of human capital, and broad experience in commercializing emerging technologies, the company is uniquely positioned to economically produce high quality nanomaterials in commercial quantities. NanoDynamics' high-quality nanomaterials and nano-enabled products are already making possible revolutionary advances in a wide range of products and industries, including electronics, semiconductors, fuel cells, transportation, energy, biotechnology and consumer products. For more information, please visit: http://www.NanoDynamics.com.

About Lux Research

Lux Research is the world's leading nanotechnology research and advisory firm. It is dedicated to helping clients make better decisions to profit from nanoscale science and technology, through its analysts' unique expertise and unrivaled network. Its clients include top decision makers at large corporations, portfolio managers and analysts at leading financial institutions, CEOs of the most innovative start-ups, and visionary public policy makers

About the NanoBusiness Alliance

The NanoBusiness Alliance is the first industry association founded to advance the emerging business of nanotechnology and Microsystems. The NanoBusiness Alliance's mission is to create a collective voice for the emerging small tech industry and develop a range of initiatives to support and strengthen the nanotechnology business community, including: research and education, public policy, public awareness, public relations, and promotions and industry support.

For more information on NanoDynamics and its superior nanomaterials, please contact:

Steve Decollibus

NanoDynamics

sdecollibus@nanodynamics.com

716 853-4900

401 442-0042    

http://www.NanoDynamics.com

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