Nanochip Named AlwaysOn Global 250 Winner for Its 'Game-Changing' Ultra-High-Capacity...

Nanochip Named AlwaysOn Global 250 Winner for Its 'Game-Changing'
Ultra-High-Capacity Removable Data Storage Chips
Cost-effective, Rewritable Storage Technology to Dramatically Increase
Capabilities and Performance of New and Existing Computer, Server and Consumer
Electronics Devices

FREMONT, Calif., July 22 /PRNewswire/ -- Nanochip, Inc., a developer of
advanced microelectro-mechanical systems (MEMS) silicon data storage chips,
today announced that it has received the AlwaysOn Global 250 award for its
innovative, ultra-high-capacity removable storage technology.
Established by AlwaysOn, a leading online media network, the AO Global 250
award recognizes major developments in the creation of new business
opportunities in the global technology industries. Nanochip will be honored
this week at the AlwaysOn & STVP Summit at Stanford, taking place July 22-24
at Stanford University. The two-and-a-half day executive event will highlight
the significant economic, political and commercial trends disrupting the
global technology industries.
Nanochip's new class of advanced storage chips will enable the storage of
tens of gigabytes (GB) of data per chip, or the equivalent of many
high-definition feature-length videos. By coupling MEMS with nano-probe array
technology that far exceeds the expected limits of conventional lithography
used in present semiconductor memory, these new chips are designed to meet the
growing demand for cost-effective, removable and rewritable data storage for
use in a wide range of computing, server and consumer electronics products.
"The AO Global 250 winners have excelled in key strategic areas in the
global technology markets," said Tony Perkins, founder and CEO of AlwaysOn.
"We congratulate Nanochip and the other winners for their success in
introducing new tools, services and platforms that are driving the next phase
of innovation and creating real value at an economically uncertain time."
Nanochip was specially selected from hundreds of companies by the AlwaysOn
editorial team and other industry experts spanning the globe. The AO Global
250 winners, representing the hottest, most disrupting private companies in
technology, were chosen based on a set of five criteria: innovation, market
potential, commercialization, stakeholder value, and media buzz.
"The AO Global 250 award underscores the strength of our technology and
its tremendous potential to provide significant value to the global technology
market," said Gordon R. Knight, Ph.D., CEO of Nanochip, Inc. "We continue to
make significant progress in the development of our ultra-high-capacity
storage chips, and we are thrilled that our efforts have been recognized by
the AlwaysOn organization."
Nanochip's first products will be available in 2010 and are expected to
exceed 100 GB per chip set, reaching terabytes (TB) in the future, and at a
substantially lower cost compared with flash memory solutions. Nanochip has
been granted 14 U.S. patents for its technology, and has more than additional
50 patents in process.
About AlwaysOn
AlwaysOn ignited the open-media revolution in early 2003 by being the
first media brand to launch a community blog network. In 2004, AlwaysOn
continued to lead the industry in innovation by engaging its bloggers in a
social network. AlwaysOn is also revolutionizing the media business by
applying its open-media principles to its executive event series (Stanford
Summit, OnHollywood, OnMedia, GoingGreen, NordicGreen, and Venture Summit East
and West) and quarterly print "blogozine." No other media brand has dared to
create such open interaction with its readers and event participants.
A full list of all the AO Global 250 winners can be found on the AlwaysOn
Web site at http://alwayson.goingon.com/permalink/post/27959.
About Nanochip
Nanochip, Inc. (http://www.nanochipinc.com) was formed in 1996 to develop
MEMS storage chips for consumer electronic applications. The company's
products address the need for low-power, very high-capacity, high-performance,
non-volatile memory at a price very competitive in consumer markets. Nanochip
is a private company headquartered in
Fremont, Calif.
SOURCE Nanochip, Inc.

Cheryl Seaberg of Walt & Company, +1-408-369-7200, Ext. 2981,
cseaberg@walt.com, for Nanochip, Inc.