Applied Nanotech licenses solar ink to YHCC

July 20, 2011 — Applied Nanotech Holdings, Inc. (OTC BB: APNT) signed a license agreement for its solar ink and paste technology with Sichuan Anxian Yinhe Construction and Chemical Group (YHCC). The license is worth $2 million upfront for APNT, and allows the company access to Asia’s solar manufacturing industry.

The companies have partnered since February, with this being the first license agreement.

Under the terms of the license, Applied Nanotech will receive an upfront payment of $2.0 million and an ongoing royalty of 3% on sales of solar inks and pastes by YHCC. The first $1.5 million of the upfront payment is payable no later than August, 2011. The remaining $500,000 is payable in April 2012, assuming certain technical specifications have been met. The license agreement grants YHCC an exclusive license for Applied Nanotech’s solar ink and paste technology in Asia, excluding Korea and Japan.

YHCC has begun construction on a manufacturing facility to produce solar inks in its technical park in China. Applied Nanotech’s aluminum pastes are the first products that YHCC will begin producing and is expected to be manufacturing and selling these pastes in 2012.

This license agreement gives Applied Nanotech exposure to the fast-growing solar manufacturing market in Asia. 20.5GW of solar photovoltaics were fabbed in 2010, mostly in China and Taiwan.

Applied Nanotech’s solar inks will be the first products introduced in the strategic partnership with YHCC. The parties are continuing discussions related to other collaboration opportunities. YHCC’s agreement represents APNT’s third licensee that will have products in the market and generating royalties in 2012, noted Doug Baker, CEO of Applied Nanotech Holdings Inc.

Applied Nanotech Holdings Inc. is a premier research and commercialization organization focused on solving problems at the molecular level. Applied Nanotech’s website is www.appliednanotech.net.

Located in Sichuan Province, China, YHCC currently operates through 9 separate subsidiaries located in three specialized industrial parks, occupying over 3,000 acres (700 U.S. acres). YHCC’s website is http://www.yhcc.com/en/.

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