U.S. Army Natick Soldier Systems Center Extends Body Armor Development Contract with Nanocomp Technologies

New ballistic testing data signals that carbon nanotube (CNT) material can
deliver significant protection enhancements and lighten the load for U.S. troops
CONCORD, N.H.--(Business Wire)--
Nanocomp Technologies, Inc., a developer of advanced performance materials and
component products from carbon nanotubes (CNTs), today announced it has been
awarded an extension to its existing development contract with the U.S. Army
Natick Soldier Systems Center in Massachusetts. The new contract modifies one
signed in August 2008 between the parties to develop carbon nanotube materials
for the purpose of improving body armor.

Earlier in 2009, Nanocomp successfully stopped 9MM bullets in controlled
ballistics testing with CNT composite panels several millimeters thick. The
company will use the funding to further develop and refine its CNT products with
the goal of expanding upon these encouraging initial results.

"We have worked with the Army Natick Soldier Systems Center for the past several
years and have made significant progress toward the ultimate goal of delivering
lighter weight, advanced body armor solutions for U.S. servicemen and women,"
said Peter Antoinette, president and CEO of Nanocomp Technologies. "But there is
still plenty of work left to do and today`s announcement underscores the Army`s
clear commitment to continue the development of next-generation body armor."

"When fully proven, this advance could also supply lightweight armor protection
for vehicles and aircraft," he said.

Nanocomp Technologies produces large area CNT sheets and conductive yarns for a
number of additional military applications, including EMI shielding and a
lighter weight replacement for copper wiring in aerospace electrical systems,
which would yield significant savings in fuel costs.

About Nanocomp Technologies, Inc.

Nanocomp Technologies` purpose is to leverage its proprietary and fundamental
advancements in the production of long carbon nanotubes as well as its unique
ability to fabricate them into physically strong, lightweight and
electro-thermally conductive yarns and sheets. The company`s objective is to
develop products with revolutionary performance benefits creating a new
generation of energy saving advanced materials and electro-thermal devices. It
has 17 patents pending and was a recipient of The Wall Street Journal`s
prestigious Technology Innovation Award in 2008. The company is headquartered in
Concord, N.H. For additional information, please visit www.nanocomptech.com.

Nanocomp and the Nanocomp logo are trademarks of Nanocomp Technologies, Inc. All
other marks are trademarks or registered trademarks of their respective
holders.

Schwartz Communications, Inc.
Robert Skinner or Mollie Warshaw, 781-684-0770
nanocomp@schwartz-pr.com
or
Nanocomp Technologies, Inc.
John Dorr, 603-442-8992 ext. 104
jdorr@nanocomptech.com

Copyright Business Wire 2009