Pioneer in Automobile Emissions Reduction to Address Members of World Economic Forum on 'Green' Job-Growth Initiatives in 'Putting Climate Change to Work'

REDWOOD CITY, Calif., and DAVOS, Switzerland, Jan. 22, 2008 -- Date:     January 22, 2008

  Details:  Nanostellar CEO Pankaj Dhingra will join a list of distinguished
            panelists at the World Economic Form in Davos, Switzerland, to
            address the entrepreneurial opportunities created by global
            warming.  The panel, which takes place January 24, 2008, will
            turn its attention to the opportunities that the development and
            growth of "green" initiatives can play in job creation and
            economic stimulation.

            Titled "Green Jobs: Putting Climate Change to Work," the panel
            will explore the prospects for job growth in different
            industries and regions, and the roles that business can play by
            partnering in investment and skills development.  Bjorn Stigson,
            president of the World Business Council for Sustainable
            Development, will act as moderator.  Other panel speakers
            include Richard Lambert, Director-General, Confederation of
            British Industry (CBI), United Kingdom; Guy Ryder, General
            Secretary, International Trade Union Confederation (ITUC),
            Belgium; Juan Somavia, Director-General, International Labour
            Organization (ILO), Geneva; and Achim Steiner, Executive
            Director, United Nations Environment Programme (UNEP), Nairobi.

            Nanostellar, honored by the World Economic Forum as a Technology
            Pioneer 2008, develops nanomaterial-based catalysts used to
            clean up noxious exhaust emissions from diesel engines and
            reduce automotive pollution.

  Note:     Dhingra will also write a daily blog entry from Davos during the
            duration of the World Economic Forum (January 23-27) on
            Greentech Media (http://www.greentechmedia.com/blogs-home.html).

  Location
  and Time: The panel is part of the World Economic Forum's annual meeting,
            which takes place in Davos, Switzerland, January 23-27, 2008.
            The panel presentation "Putting Climate Change to Work" is
            slated for January 24 from 12:30 PM to 2:00 PM at the Hotel
            Waldhuus in Davos.

  Biography of Pankaj Dhingra

Pankaj Dhingra has more than 25 years of experience, including managing a technology startup and a $650 million global automotive components business. His functional experience spans finance, strategic planning, mergers and acquisitions, sales and marketing with Delphi, General Motors and Unisys. During his tenure at Delphi, he managed the company's automotive battery business and delivered substantial revenue and profit growth. Prior to joining Nanostellar, Pankaj served as President of Ener1, Inc.'s Energy Division, an alternative energy technologies company. Pankaj has BS in Electrical Engineering from India and MBA in Marketing and Finance from Columbia University.

About Nanostellar

Nanostellar, Inc. provides diesel automotive and stationary power industries with nano-engineered catalyst materials that reduce exhaust emissions and increase the effectiveness of precious metals in catalysts. Focusing on the fields of quantum computational nanoscience, chemistry, materials science, and chemical engineering, Nanostellar utilizes Rational Catalyst Design, which combines computational approaches with targeted experiments, to accelerate the development of materials. The World Economic Forum recognized the company's "life-changing technology innovation," honoring Nanostellar as a 2008 Technology Pioneer. Headquartered in Redwood City, California, Nanostellar is funded by premier investors including 3i, Khosla Ventures, Monitor Ventures, Firelake Capital Management LLC, and AsiaTech Management. For more information, visit http://www.nanostellar.com/.