SOUTH SAN FRANCISCO, Calif., June 5 /PRNewswire/ -- Nanoexa, a provider of high-performance clean energy storage solutions, today announced that Dr. Deepak Srivastava has joined the company as Chief Technology Officer. With more than a decade of computational modeling experience at the NASA Ames Center for Nanotechnology, Srivastava will be responsible for overseeing technical staff as well as research and development at Nanoexa.

"The team at Nanoexa has a deep knowledge of how to use computational modeling to expedite technological advancement and discovery of new materials," said Dr. Srivastava. "I'm looking forward to working with this world-class group that is tackling the critical issue of clean and safe energy storage with cutting-edge battery technology."

Dr. Srivastava has extensive nanotechnology-based computational modeling experience in both the public and private sectors. As co-founder and CTO of Junius Tech, a computational materials design company that later merged into Nanostellar, Dr. Srivastava helped build and advise the technical team, investigate future new product and technology areas, and provide input into Nanostellar technology development. Over the past ten years as the Senior Lead Scientist and Group Leader of Computational Materials Design and Nanotechnology at NASA Ames, Dr. Srivastava has earned a long list of accolades including the Feynman Prize in Nanotechnology Theory, the Veridian Medal Paper Awards, The Eric Reissener Medal, and the Computer Sciences Corporation Award for Technical Excellence. Dr. Srivastava holds a PhD in Physics from the University of Florida.

Last month, Nanoexa delivered new technology to Decktron, its publicly traded subsidiary in Korea, to be used in conjunction with existing intellectual property from Argonne National Laboratory. Initially targeting the radio control toys market with its new safe, high-powered lithium batteries, Nanoexa plans to expand its reach to serve the power tool and HEV markets in the near future.

"Deepak brings comprehensive hands-on nanotechnology experience to Nanoexa at a crucial time," said Nanoexa CEO Michael Pak. "Our development and commercialization systems are in place; with Deepak's guidance and expertise, we are ramping up to meet the growing demand for clean energy storage solutions."

About Nanoexa

Nanoexa is an international clean energy company focused on bringing innovative clean energy storage products to market. With a rapid systems-level approach to commercialization, Nanoexa has assembled an extensive IP portfolio, initially focused on lithium ion batteries. Through its novel materials and computational modeling platform, it improves material performance while dramatically reducing time to commercialization. In 2006, Nanoexa acquired a controlling interest in Decktron, a South Korea-based company offering highly efficient, environmentally sustainable battery technologies. Nanoexa is based in South San Francisco, California. For further information, visit http://www.nanoexa.com/.

CONTACT: Doug Wyllie of Antenna Group, +1-415-977-1930,
doug@antennagroup.com, for Nanoexa

Web site: http://www.nanoexa.com/