Applied Nanotech (OTCBB: APNT) Awarded U.S. Army Contract for Thermal Management of Portable Energy Systems

Orlando, FL 1/20/12 (StreetBeat) -- Applied Nanotech Holdings, Inc. (ANI) (OTCBB:APNT) is pleased to announce that it has been awarded a Phase II Small Business Innovation Research (SBIR) contract by the U.S. Army for thermal management solutions to portable energy system challenges. This contract allows for ANI to continue development of its award-winning CarbAl(TM) based thermal management system for insertion into the power electronic control systems in tactical quiet generators.

CarbAl(TM) is a heat transfer material with a unique combination of low density, high thermal diffusivity, high thermal conductivity, and a low coefficient of thermal expansion (CTE) that results in a material that far exceeds the capabilities of conventional passive thermal management materials.

"We are very pleased to help the U.S. Army develop more efficient power solutions that improve its effectiveness on the battlefield while simultaneously developing and commercializing our CarbAl(TM) based thermal management materials," said Dr. Zvi Yaniv, President and CEO at Applied Nanotech, Inc.

The Army's short-term goal is to increase power output of various types of power generators, while simultaneously reducing their size. To accomplish this, generators must incorporate new materials and solutions that deal with excess heat build-up. ANI's technical line of CarbAl(TM) and related products offer a new approach to thermal management and fits well within the stringent thermal management requirements of the Army.

The contract, in the amount of approximately $730,000, runs for a period of two years. In conjunction with this project, ANI is expanding its internal processing capacity for its CarbAl(TM) thermal management material to eight tons per year. ANI will focus on providing value added services to the base material such as segmenting, laminating, and printing circuits directly on to CarbAl(TM) material, in addition to more specific customer applications.

To further accelerate its sales efforts, ANI is also pleased to announce that it has hired Blair Tolleson to lead its sales efforts in the thermal management area. Tolleson has extensive experience in thermal management materials, having worked for the last six years at Laird Technologies, a manufacturer of electromagnetic interference and thermal management solutions with sales in excess of $1 billion per year.

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