AUSTIN, TX, Jun 20, 2008 (MARKET WIRE via COMTEX) -- Nano-Proprietary, Inc. announced that it entered into a settlement agreement on June 18, 2008 in connection with its litigation in the U.S. District Court for the Northern District of Illinois. The confidential settlement terms resolve all claims asserted in the lawsuit between Nano-Proprietary and Till Keesmann. In conjunction with the settlement, the parties also amended their existing license agreement to provide and clarify the framework for future sublicensing opportunities.
ABOUT NANO-PROPRIETARY, INC.
Nano-Proprietary, Inc. is a holding company consisting of two wholly owned operating subsidiaries. Applied Nanotech Inc. is a premier research and commercialization organization dedicated to developing applications for nanotechnology with an extremely strong position in the fields of electron emission applications from carbon film/nanotubes, sensors, functionalized nanomaterials, and nanoelectronics. Electronic Billboard Technology, Inc. (EBT) possesses technology related to electronic digitized sign technology. The Companies have over 250 patents or patents pending. Nano-Proprietary's business model is to license its technology to partners that will manufacture and distribute products using the technology. Nano-Proprietary's website is www.nano-proprietary.com.COMPANY CONTACT:
Chief Financial Officer
William J. Spina
Keesmann's original Patent License Agreement - see Ex A