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News Release Pioneering Stanford University Professor Founds Molecular Nanosystems Dr. Hongjie Dai and Leading Scientists Form New Company To Commercialize Nanotechnology Applications
The scientific
achievements of Dr. Hongjie Dai, the key founder, will form the
basis for this new company. Dr. Hongjie Dai is an assistant professor
in Stanford University's chemistry department and an award-winning
nanotechnology scientist. Molecular Nanosystems has licensed several patents from Stanford University related to the synthesis of carbon nanotubes. These licenses are based on Dr. Hongjie Dai's extensive and successful research of multiple technologies and applications in industries including electronics, biotechnology and chemistry. Dr. Dai joins a team comprised of leading scientific and business experts: ·
Xihong Deng, CEO - With more than 12 years experience on Wall
Street including investment banking and equities, and as the founder
of four private companies, Ms. Deng will lead strategic planning,
business development and financing. ·
Bert Fornaciari, COO - With more than 25 years experience in Silicon
Valley in numerous areas including computer manufacturing, customer
support, Internet, and venture capital, Mr. Fornaciari will manage
daily operations. ·
Dr. Claudia Jaffe, Director of Nano-biotechnology for Research and
Development - Formerly a key scientist with several successful biotechnology
companies, Dr. Jaffe will pursue research on applications related
to biotechnology. · Dr. Yuegang Zhang, Senior Scientist - With more than 10 years of academic and industrial experience in electronics and nanotechnology, Dr. Zhang will pursue scientific research of nanotechnology applications in growth of materials and electronics. This team has
extensive resources and strategic alliances in the academic and
the corporate sector in the U.S. and Asia. "Nanotechnology
is an emerging field that will grow exponentially in the near future,"
said Dr. Dai, founder of Molecular Nanosystems. "Our team collectively
has close to 20 years experience in nanotechnology research providing
Molecular Nanosystems with a unique scientific foundation to explore
the developing market for applications and end products." Dr. Dai's work
has resulted in more than 60 publications in the past ten years
including Nature, Science, Physical Review Letters, and Journal
of the American Chemical Society; and numerous features in newspapers
and magazines including The New York Times. His novel synthetic
method for chemical vapor deposition for ordered nanotubes and other
academic achievements have won him many awards, such as the Packard
Fellowship for Science and Engineering, the Sloan Fellowship, and
the Pure Chemistry Award of 2002 from the American Chemical Society.
A leader in the field, Dr. Dai has developed nanotube chemical and
biological sensors, as well as integrated nanotubes for a variety
of electrical, mechanical, and electromechanical devices. Nanotechnology, including its related end products, is estimated to represent a billion dollar market within the next 5-10 years. The company anticipates securing additional funding in 2002. About Molecular
Nanosystems, Inc. Molecular Nanosystems
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