Arrowhead Subsidiary Signs Agreement to Integrate Its Products into Major Display Manufacturer's Flat Panel Displays.

PASADENA, Calif. -- Arrowhead Research (NASDAQ:ARWR) announced today that its majority owned subsidiary, Unidym, has entered an agreement with a major liquid crystal display (LCD) manufacturer to integrate carbon nanotube-based products into display applications.

"The market for flat panel displays is over eighty billion dollars annually, and we are now working with one of the world's leaders," remarked Art Swift, CEO of Unidym. "We expect our products to reduce manufacturing costs and improve image quality in flat panel displays."

Under the terms of the agreement, Unidym will work with the customer to integrate its products into the customer's manufacturing process. Upon conclusion of the development effort, the parties intend to enter a commercial relationship.

About Arrowhead Research Corporation

Arrowhead Research Corporation (www.arrowheadresearch.com) is a publicly-traded nanotechnology company commercializing new technologies in the areas of life sciences, electronics, and energy. Arrowhead is building value for shareholders through the progress of majority owned subsidiaries founded on nanotechnologies originally developed at universities. The company works closely with universities to source early stage deals and to generate rights to intellectual property covering promising new nanotechnologies. Currently, Arrowhead has five subsidiaries commercializing nanotech products and applications, including anti-cancer drugs, RNAi therapeutics, carbon-based electronics and compound semiconductor materials.

About Unidym, Inc.

Unidym (www.unidym.com) is a leader in the manufacture and application of carbon nanotubes (CNTs), a novel material with extraordinary electrical, thermal, and mechanical properties. Unidym provides bulk materials, CNT-enabled products, and intellectual property to a wide range of customers and business partners. As a result of its recent merger with CNI, Unidym possesses a foundational patent portfolio that covers nearly every aspect of CNT manufacturing and processing as well as multiple product applications.

Unidym is focused on the electronics industry where its initial products include transparent electrodes for touch screens, flat panel displays, solar cells, and solid state lighting; electrodes for fuel cells; and thin film transistors for printable electronics. Unidym is also pursuing an aggressive, cross-industry partnership strategy to capture value from the wide ranging uses of CNTs. Unidym's licensing program, technical expertise and manufacturing facilities can enable partners to rapidly develop CNT solutions for their specific applications.

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