Nanostellar Sponsors First Clean Energy & Nano Catalysis Conference with SRI International in Menlo Park, CA

MENLO PARK, Calif.--Aug. 1, 20041, 2004--Nanostellar Inc., an emerging developer of highly efficient Platinum Nano-Composite Catalyst solutions, announced today sponsorship of the First Clean Energy & Nano Catalysis Conference with SRI International, to be held in Menlo Park, California on Friday, August 20th, 2004.

Michael Pak, Nanostellar Inc.'s President & CEO, explains: "Global industrialization requires rapid development of clean energy in order to preserve our environment. Catalysts play a critical role for creating clean energy and maintaining clean air. Our sponsorship and participation in this conference is part of our commitment to developing partnerships with major corporations, leading research groups, and strategic investors to promote the global commercialization of Nano Catalysts. The State of California has launched the Green Wave Initiative to invest $500 million in private equity investments, venture capital, and project financing to develop "clean technologies". Nanostellar and nano catalysts can play an important role in the development of "clean technologies" to solve environmental problems, provide attractive returns for investors, and provide jobs & economic growth."

Bo Varga, Chair, NanoMaterials & Manufacturing Forum, NanoSIG, explains: "The morning session will focus on research leading to commercial products over the next 5 years and the afternoon session on companies delivering products this year and next -- and the investors who fund them. We have speakers from Emory University, Lawrence Berkeley National Labs, SRI International, Stanford University, and the University of Pittsburgh, from nano companies Nanostellar, Kainos Energy, & Accelerys, and investors including Eastman Chemical, Nth Power Technologies, & Draper Fisher Jurvetson. Please see details & registration at www.nanoSIG.org."

The conference will also present a preview of the new California Nanotechnology Blue Ribbon Task Force and the emerging Silicon Valley Joint College/University Nanotechnology Certificate.

About Nanostellar

Founded in 2003, Nanostellar addresses a critical need in the catalytic marketplace: conventional technologies utilize platinum as the main catalyst to control automobile emissions and to generate clean energy. Nanostellar's patent-pending platinum nano-composite material design technology dramatically reduces the amount of platinum required for conventional catalytic processes by combining platinum with other less costly metals to make nanoparticles. Platinum Group Metal Catalyst markets are $10-12 billion annually. The automobile catalyst market is $5-7 billion.