Under the terms of the agreement, NTT DoCoMo and DoCoMo Capital will fund development efforts at Nanosys and NTT DoCoMo. In addition, DoCoMo Capital announced its equity investment in Nanosys. Financial details of the agreements were not disclosed.
"We are extremely pleased to be working with NTT DoCoMo and DoCoMo Capital," said Calvin Chow, Nanosys' CEO. "NTT DoCoMo actively promotes the development and introduction of new services and technologies ahead of its competitors, and recognizes the potential of Nanosys' technology in addressing numerous emerging wirelesss communications opportunities."
"This collaboration, as well our investment in Nanosys, allows us to expand future opportunities for developing new mobile telephone applications," said Nobuyuki Akimoto, president and CEO of DoCoMo Capital. "Through advances using nanotechnology we expect to increase NTT DoCoMo's position as the mobile communications technology leader in the world."
Nanosys, Inc. is a leader in the development of nanotechnology-enabled products utilizing high performance inorganic nanostructures. Nanosys has built one of the broadest technology platforms in the industry with approximately 500 patents and patent applications covering fundamental areas of nanotechnology.