FST.L Regulatory News (FST)

21 Apr 2006 07:00

Embargoed Release: 07:00hrs Friday 21st April 2006 Nanoscience Inc. (`Nanoscience' or `the Group') Toumaz Appoints New CEO Nanoscience Inc, the specialist nanotechnology investment holding company, ispleased to announce that its subsidiary, Toumaz Technologies Ltd, has appointedDr. Ian Lindsay McWalter as Chief Executive Officer.Dr. McWalter is considered to be one of the most experienced senior managers incommercialising semi-conductor technology and the Board of Nanoscience regardhis acceptance of the role with Toumaz as a significant endorsement of thecompany's commercial potential.Dr. McWalter gained his Ph.D in Electrical Engineering from Imperial College in1976 and has over 20 years of industry experience at senior management levelwith major semi-conductor and electrical engineering companies. Most recentlyDr. McWalter held senior management positions within Gennum Corporation forover 15 years as it grew its market capitalisation from just under $20m to over$600m. For the past 5 years Dr. McWalter was President and Chief ExecutiveOfficer of this global semi-conductor company.Richard Rose, Non-Executive Chairman of Nanoscience, commented:"Since acquisition, Toumaz, has applied the funds made available to it throughthe Group and the advancements it has made from a technical perspective havebeen commensurate with this increased funding.I am extremely encouraged by the appointment of Dr. McWalter whom I believe isideally experienced to take Toumaz from its current development stage into arevenue generating commercial supplier of integrated chip solutions. I have nodoubt that Dr. McWalter will be invaluable to Toumaz as it progresses with itsdesign, development and commercialisation of low power and ultra-low powerintegrated circuits and silicon chips for use in wireless and signal processingapplications." -Ends- Further Information:Serge Grisard Nanoscience +44 7795 563 297 Andrew Tan Hansard Communications 020 7245 1100 ENDNANOSCIENCE INC