Good Morning Ladies and Gentlemen. I am Christopher J. Gintz, Managing Partner of NanoHoldings,LLC.

NanoHoldings is an investment company that builds early stage nanotechnology companies around exclusive licenses from leading universities for their most promising nanotechnology discoveries. We focus exclusively on core technologies that can have a
Major impact on existing multi-billion dollar markets. In doing so, we anticipate being able to catalyze significant research and development into breakthrough products and processes that could improve our national industrial competitive position and also enhance the effectiveness of our military.

We started over eighteen months ago by extending our reach to research universities that had reported promising developments in electronics, energy, and advanced materials and process fields at the nano scale. An example of our reach is found here today. We believe that Mr. Timothy Imholt made an important discovery last year at the University of North Texas. We have provided direct financial support for his research and have formed a Company, NanoStar, to commercialize a portion of his discovery. We are in the process of concluding our exclusive licensing agreement with the University and have been invited by them to locate NanoStar as the first commercial company in their new incubator.

Our scope is long term. While we want to solve very big and complex national problems, we are extremely disciplined in our business approach. We target very specific short-term milestones that validate the science. We seek out only the best management teams to add to each nano-development company we form. We are relentless in our drive to ensure each development company delivers its first commercial products within three years from its entry into the incubator.

I believe a drive to commercialization is critical to be able to successfully leverage major government investment in this exceptional field of science. When I was the Director of Technology, Planning and Development for Compaq Computer, I focused on the creation of technological solutions leading to the formation of major industrial partnerships with Conner Peripherals, Nexgen Microsystems, In Focus Systems, Sanyo Electric Battery, and Citizen Watch. I was also the inventor of the first notebook computer concept, (US Design Patent #317,442), which became the Compaq LTE Notebook Compute family. That product had first year sales in excess of $1.5 billion. So when I say I am focused on commercialization, I say so with a history of having done so successfully, and a burning desire to do so again. I also know how critical it is to be able to allocate capital sensibly to each promising innovation, and I am lucky to have an experienced venture capitalist, Justin Hall-Tipping, as my partner.

The potential economic impact of the commercialization of nanotech discoveries like Timothy Imholt's is fueling a global "foot race" between developed nations whose governments clearly understand that leadership in this field may be critical to their future economies. TheNational Science Foundation predicts that in the United States alone, nanotechnology innovation may have a $1 trillion impact within the next 15 years. Clearly, the recent approval of the Nanotechnology bill is evidence of the United States' commitment to this science.

We are delighted that much of this funding is targeted at academia. We have seen first hand that university centers like the University of North Texas are ideally structured to acquire the grant funding and foster the out-of-the-box thinking and global collaboration that will be vital for breakthroughs in this field. This was a major determinant in NanoHoldings' decision to invest early in partnership with universities and their scientists to develop the core technologies that will form the bedrock of new industries to come.

We hope that the promise of these scientific developments will also facilitate the local economy by providing many good paying skilled jobs. But it most certainly cannot occur without a sizable investment in the science and research nor in the development of the local infrastructure.

Only by working with the University can we expect to mobilize our efforts along with the public sector. All of the ingredients for success are here. Progressive, forward-thinking university administrators working hand-in-hand with local development officials are creating the environment for us to succeed. Close cooperation between the government at all levels and the private sector is a fundamental requirement to create the scale of investment that is a basic requirement for successful entrepreneurial activity at the nanoscale. Our competition is international and intense.

Thank you for giving NanoHoldings the opportunity to have a voice today. We look forward to working with you as a partner to create some of the breakthrough innovations that will ensure that America maintains a strong leadership position in this emerging global economy. Good Morning.