1. © Copyright 2004 Frost & Sullivan. All Rights Reserved. An Assessment on the Future of Carbon Nanotubes: Strategic Analysis and Potential of the Market Mass Production Critical to Reducing Prices and Generating Greater Demand for Carbon Nanotubes (CNT) Semiconductors Group “With application segments demanding commercial access to reasonably-priced materials, CNT companies are realizing the importance of expanding their manufacturing capacity to enjoy the benefits of greater demand through reduced prices.”

2. © Copyright 2004 Frost & Sullivan. All Rights Reserved. Industry Trends CNT is viewed as the preferred material for any application that has stringent requirements of high strength, small size, longer life time and enhanced performance One of the prime driving factors of the CNT market is the healthy influx of intellectual property CNT manufacturers partnering with application developers to assist in designing and development of their products Growing interest for CNT among traditional chemical companies as they identify similarities between the production processes of CNT and their chemical materials

3. © Copyright 2004 Frost & Sullivan. All Rights Reserved. Industry Trends (Cont’d) Constant innovation and refinement of the manufacturing process to enable volume production of CNT Advancements made in the commercialization of CNT as a semi conducting material and its use in the fabrication of transistors and logic devices

4. © Copyright 2004 Frost & Sullivan. All Rights Reserved. Key Features Frost & Sullivan Provides: Detailed insights into recent developments and trends Drivers, restraints, challenges, and strategic recommendations Analyst insights on ‘hot topics’ and emerging applications in the CNT market Market sizing and competitive analysis Market forecasts and opportunity analysis End-user and geographic analysis

5. © Copyright 2004 Frost & Sullivan. All Rights Reserved. What We Offer Global Coverage: Europe, Asia Pacific, North America, South America and Rest-of-World regions Proven methodology encompassing extensive primary and secondary data and research Focused information and strategies that cover business and technology issues Credible data and analysis highlighting industry dynamics Winning strategies to help you create precise business plans

6. © Copyright 2004 Frost & Sullivan. All Rights Reserved. Who Will Benefit? Current Market Participants  Find out how you compare to the competition  Assess current and future drivers and restraints  Determine and exploit new market share opportunities New Entrants  Analyze challenges associated with the industry  Calculate time scales for strategy implementation  Position yourself to capitalize on the market’s unmet needs Investment Community  Analyze long-term strategies of key participants  Determine which participants will outperform the competition  Assess attractiveness of investing in the CNT market

7. © Copyright 2004 Frost & Sullivan. All Rights Reserved. What’s Included Single Walled Carbon Nanotubes (SWCNT) Multi Walled Carbon Nanotubes (MWCNT)

8. © Copyright 2004 Frost & Sullivan. All Rights Reserved. Carbon Nanotechnologies, Inc. Hyperion Catalysis Infineon Technologies Matsushita Electric Industrial Co. Mitsui & Co. Motorola Nantero Key Market Participants NEC Electronics Philips Semiconductor Rosseter Holdings Samsung Semiconductor South West Nanotechnologies Xintek

9. © Copyright 2004 Frost & Sullivan. All Rights Reserved.  Call toll free 877 GO FROST (877.463.7876)  Fax toll free 888.690.3329  E-mail myfrost@frost.com  Visit www.frost.com For More Information