This award is a strong validation of our progress and a testament to the excellent work of our scientists.
Austin, TX (Vocus) May 26, 2010
Applied Nanotech Holdings, Inc. (OTC BB: APNT) announced that it received an ASTRUM award at MDB Capital Group’s 2010 Bright Lights Conference, the first public company conference focused exclusively on companies with disruptive and market changing intellectual property (IP).
The ASTRUM award recognizes leadership in innovation. Latin for “Star”, this award was presented to the top company in each of four separate industries with the highest Patent Application Compound Annual Growth Rate and number of patent applications on file, adjusted for the application conversion rate. Applied Nanotech was the winner in the industrial category. Candidates for the award were selected using PatentVest, MDB’s proprietary IP business intelligence database.
“Intellectual property is no longer an intangible asset class,” said Christopher Marlett, Chairman and CEO of MDB Capital Group. “MDB Capital built PatentVest to help investors easily assign a tangible value to patents, and we’ve proven that market leading IP is predictive of superior business performance. Companies like Applied Nanotech Holdings, Inc. typify the market leading IP presented at our Bright Lights Conference. We are proud to recognize its achievements with the ASTRUM Award, which recognizes Innovation leadership.”
“We are honored by our selection to receive this award,” said Doug Baker, CEO of Applied Nanotech Holdings, Inc. “This award is a strong validation of our progress and a testament to the excellent work of our scientists.”
ABOUT APPLIED NANOTECH HOLDINGS, INC.
Applied Nanotech Holdings, Inc. is a premier research and commercialization organization focused on solving problems at the molecular level. Its team of PhD level scientists and engineers work with companies and other organizations to solve technical impasses and create innovations that will create a competitive advantage. The business model is to license patents and technology to partners that will manufacture and distribute products using the technology. Applied Nanotech has over 250 patents or patents pending. Applied Nanotech’s website is http://www.appliednanotech.net .
ABOUT MDB CAPITAL GROUP LLC
MDB Capital is an institutional research and investment banking firm that focuses on exclusively on companies that possess market changing, disruptive intellectual property.
SAFE HARBOR STATEMENT
This press release contains forward-looking statements that involve risks and uncertainties concerning our business, products, and financial results. Actual results may differ materially from the results predicted. More information about potential risk factors that could affect our business, products, and financial results are included in our annual report on Form 10-K for the fiscal year ended December 31, 2009, and in reports subsequently filed by us with the Securities and Exchange Commission ("SEC"). All documents are available through the SEC's Electronic Data Gathering Analysis and Retrieval System (EDGAR) at http://www.sec.gov or from our website listed above. We hereby disclaim any obligation to publicly update the information provided above, including forward-looking statements, to reflect subsequent events or circumstances.