Nanergy To Host Investor Teleconference; Management to Report on Current Status and Forward Momentum
The objective of this live teleconference is to keep shareholders current concerning the mission of the Company. Shareholders will be updated with the date and time of the call within one week.
Nanergy is entering the nanotechnology and alternative energy arenas - both areas of burgeoning growth as the world's energy crisis escalates and government's focus is on sources of fuel and energy and the demand for nanoscale devices is growing at 30.6% annually.
From an industry perspective, BCC Research reported that the total global demand for nanoscale materials, tools, and devices was estimated at $7.6 billion in 2003 and is expected to grow at an AAGR (average annual growth rate) of 30.6% to reach $28.7 billion in 2008. Comparing nanotechnology to other key emerging technologies, the global nanotechnology market, at about $7 billion in 2002, was roughly comparable in size to the biotechnology sector, but far smaller than the $800 billion global informatics market. However, the nanotechnology market is believed to be growing more than twice as fast as either of the other two.
The nanomaterials segment, which includes several long-established markets such as carbon black rubber filler, catalytic converter materials and silver nanoparticles used in photographic films and papers, presently accounts for over 97.5% of global nanotechnology sales. By 2008, the nanomaterials share of the market will have shrunk to 74.7% of total sales. Nanotools will have increased their share to 4.3% ($1.2 billion), and nanodevices will have established a major presence in the market with a 21% share ($6.0 billion).
Nanoparticles currently account for the largest share of the nanomaterials market. However, the fastest-growing nanomaterials segments are nanotubes (with a projected AAGR of 173% over the next five years) and nanocomposites (76% AAGR).
Other trends, it is believed, will contribute to the future growth of the nanotechnology sector, including high levels of government support for nanotechnology R&D (estimated at over $2.2 billion in 2002, alone) and growing venture capital investments in nanotechnology companies, which have increased sixfold over the past two years.
Management plans to conduct shareholder teleconferences on a regular basis update shareholders and potential investors.
About Nanergy Inc.
Nanergy Inc. is a developmental stage company headquartered in New York City, with offices in Princeton, NJ and in Hungary. Its focus is on developing exciting consumer products that harness nanotechnology, and especially photovoltaic nanofilms, while conducting ongoing research in storing hydrogen using carbon nanotubes. Its new corporate website is still being developed but is available for viewing at http://www.nanergyinc.com.
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