Science & Technology
Science and Technology
Science and Technology
Fri, July 2, 2010
Thu, July 1, 2010 
AUSTIN, TX--(Marketwire - July 1, 2010) - Applied Nanotech Holdings, Inc. (
Since the time the initial license was signed in July 2009, APNT and its partner have been refining the production process for the inks under the R&D agreement that ran through March 31, 2010. Our partner has been establishing its production facility in Japan and providing samples to potential customers. Once our partner begins commercial sales, APNT will receive a royalty equal to 4% of those sales.
"Receipt of this expected payment leaves us in a relatively strong financial position," said Doug Baker, CEO of APNT. "Our June 30, 2010 cash balance is in excess of $2.1 million. As indicated in our 10Q for the quarter ended March 31, 2010, this will result in profitability for the quarter ended June 30, 2010 and also will result in approximately breakeven results at the income from operations level for the entire six month period ended June 30, 2010. Our revenue backlog remains strong and we continue to be confident of achieving our goal of at least breakeven operations for 2010."
ABOUT APPLIED NANOTECH HOLDINGS, INC.
Applied Nanotech Holdings, Inc. is a premier research and commercialization organization focused on solving problems at the molecular level. Its team of PhD level scientists and engineers work with companies and other organizations to solve technical impasses and create innovations that will create a competitive advantage. The business model is to license patents and technology to partners that will manufacture and distribute products using the technology. Applied Nanotech has over 250 patents or patents pending. Applied Nanotech's website is [ www.appliednanotech.net ].
SAFE HARBOR STATEMENT
This press release contains forward-looking statements that involve risks and uncertainties concerning our business, products, and financial results. Actual results may differ materially from the results predicted. More information about potential risk factors that could affect our business, products, and financial results are included in our annual report on Form 10-K for the fiscal year ended December 31, 2009, and in reports subsequently filed by us with the Securities and Exchange Commission ("SEC"). All documents are available through the SEC's Electronic Data Gathering Analysis and Retrieval System (EDGAR) at [ www.sec.gov ] or from our website listed above. We hereby disclaim any obligation to publicly update the information provided above, including forward-looking statements, to reflect subsequent events or circumstances.
