NanoBusiness Alliance Executive Director Sean Murdock to Testify Before Senate Economic Development Subcommittee; Nanotechnology Public Policy Discussions to Continue at NanoBusiness 2006, May 17-19 in NYC

NanoBusiness 2006
WASHINGTON--(BUSINESS WIRE)--May 4, 2006--The NanoBusiness Alliance, the world's leading nanotechnology trade association, today announced that executive director Sean Murdock will testify today at a Senate Economic Subcommittee hearing on "Promoting Economic Development Opportunities Through Nano Commercialization." His expert testimony is part of the ongoing dialog between the NanoBusiness Alliance and government officials, which will continue during NanoBusiness 2006, being held May 17-19, 2006 at the Marriott Marquis hotel in New York City. Complete event information can be found at http://www.nanobusiness2006.com.

"The relationship between our industry and the federal government is crucial both to development and commercialization of nanotechnology," said Sean Murdock. "We have significant allies on both sides of the Hill, and are encouraged by our recent meetings in Washington, DC. The NanoBusiness Alliance has certain specific recommendations and proposals in place, and I thank Committee Chairman, Senator Gordon Smith, for providing us with the opportunity to outline our objectives during this important hearing."

“The relationship between our industry and the federal government is crucial both to development and commercialization of nanotechnology”

Mr. Murdock's recommendations will include:

-- Creating Commercialization Centers to Promote Private and Public Partnerships - intended to allow stakeholders to share the costs of developing infrastructure for conducting fundamental, application-focused nanotechnology research.

-- Providing Funding for Regional Economic Initiatives - created to develop regional nanotech clusters to allow sharing of resources, and to raise awareness of federal and state programs available to startups

-- Providing a Tax Incentive for Investment in Small Business - intended to promote investments in small business engaged in translating research from labs into commercial applications and products.

The NanoBusiness Alliance's NanoBusiness 2006 conference will also be the platform for continued industry discussion and dialog with government leaders, as evidenced by the newly-announced keynote address by Robert Cresanti, Undersecretary of Commerce for Technology, Technology Administration.

"We're honored to have Mr. Cresanti join our already illustrious group of keynotes, as it his mission to maximize the competitiveness and innovation of the U.S. technology industries, and its contribution to America's economic growth and global leadership," said Nathan Tinker, co-founder of the NanoBusiness Alliance and Conference Chairman.

NanoBusiness 2006 is expected to play host to hundreds of business leaders, investors, venture capitalists, scientists, engineers, government officials and visionaries who are driving the nanotechnology revolution. A complete event schedule, as well as registration information, can be obtained online at http://www.nanobusiness2006.com.

About The NanoBusiness Alliance

The NanoBusiness Alliance is the industry association for the emerging nanotechnology industry. Through its extensive network of leading startups, Fortune 500 companies, research institutions, non-governmental organizations and public-private partnerships, the Alliance shapes nanotechnology policy and helps accelerate the commercialization of nanotechnology innovations. The NanoBusiness Alliance has offices in New York, Chicago, Connecticut and Washington, DC. For more information, visit http://www.nanobusiness.org.

Contacts

Schwartz Public Relations
Steven Wright-Mark, 212-677-8700 ext. 29
steven@schwartzpr.com

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