Nanocomp Technologies Receives Prestigious 2008 Wall Street Journal Technology Innovation Award

Nanocomp Technologies, Inc., a developer of energy-saving component products and performance materials, today announced it has received the 2008 Wall Street Journal Technology Innovation Award for materials and base technologies.

Nanocomp Technologies received this award because of its unique processes to create large sheets of fabric and lengths of yarn using carbon nanotubes. Previously, the market hasn't been able to take full advantage of the special qualities of carbon nanotubes because manufacturers could only produce tubes that were a few microns long -- less than the diameter of a human hair -- limiting their usefulness.

The Company's carbon nanotubes are widely recognized for their uniquely long lengths -- up to one millimeter. As a result, Nanocomp Technologies' products are significantly stronger, more conductive, and safer to use when compared to competing short, powdery types of carbon nanotube alternatives.

"We are honored to be recognized by such a prestigious international publication for the technical innovations that we have developed to deliver the world's largest useful nanotechnology material formats," said Peter Antoinette, co-founder, President and CEO of Nanocomp Technologies. "From its very outset, our company has focused on developing high strength, highly conductive materials and using these as building blocks to develop component products that solve a wide range of problems in energy, aerospace, and commercial applications with unprecedented performance and manufacturing scale."

"This award recognizes Nanocomp Technologies' underlying technology as well as our unique capability to produce 21st century ultra-lightweight carbon nanotube electrical wires, cables, and shields with the potential for major fuel savings in aerospace and improved body armor leading to next generation lightweight composites. Our Company's underlying technology and focus on creating value-added components will result in exciting, real world products that can change the game in performance and energy," Antoinette noted.

Now in its eighth year, The Wall Street Journal's Technology Innovation program received more than 700 entries for this year's awards from around the world. A Journal editor narrowed the field down to 162 nominees, which were then scored by a panel of world leaders in business, investment, and technology. The judging panel looked for innovations that broke new ground in their fields and that demonstrated measurable impact. Winners were chosen representing the best in 16 different technology categories. The list of award winners is included in the print editions of The Wall Street Journal dated September 29, 2008, and on The Wall Street Journal's Web site at http://www.wsj.com.

Nanocomp Technologies will be recognized at an awards ceremony and dinner October 21, 2008 at the Sofitel San Francisco Bay Hotel, in Redwood City, California. The ceremony will be held in conjunction with the Dow Jones Alternative Energy Innovations conference.

About Nanocomp Technologies, Inc.

Nanocomp Technologies was formed in 2004 to leverage its proprietary and fundamental advancements in the production of extremely long carbon nanotubes as well as a unique ability to fabricate them into physically strong, lightweight and electro-thermally conductive yarns and sheets. The company's objective is to develop products with revolutionary performance benefits creating a new generation of advanced energy systems, electro-thermal devices, and structural materials. It has sixteen patents pending. The company is headquartered in Concord, N.H. For additional information, please visit http://www.nanocomptech.com/.

Nanocomp and the Nanocomp logo are trademarks of Nanocomp Technologies, Inc. All other marks are trademarks or registered trademarks of their respective holders.