AuGRID Moves Forward With Nanomaterial Patent Implementation.

HOUSTON -- AuGRID Corporation (OTCBB:AGRD) continues to position itself in the trillion dollar nanomaterials market, as Byron Ziegler, Director of Research and Development, is scheduled to speak at the Institute for Defense and Government Advancement's conference in Washington, DC on July 27-28, 2004. The main topic of the conference will be "Lightweight Materials for Defense Engineering: Lighter, Stronger, and Faster Equipment for the Warfighter." ( http://www.idga.org/cgi-bin/templates/ document.html?topic=329&event=4959&document=41379&slauID=4&#A ) (Due to the length of this URL, it may be necessary to copy and paste this hyperlink into your Internet browser's URL address field. You may also need to remove an extra space in the URL if one exists.)

At the conference, Mr. Ziegler will be hosting a workshop explaining AuGRID's capabilities and expertise in manufacturing processes for lightweight materials. AuGRID's advanced technology creates numerous possibilities in the design of more effective protective gear. The new processes will allow for lighter-weight gear, in addition to increased performance in the areas of multi-hit durability, greater ballistic resistance, and the optimized use of structural materials.

MJ Shaheed, President and CEO of AuGRID Corporation, stated, "Now that AuGRID has secured a portion of our intellectual property with our most recent patent application (#AUGR002USP) we can quickly move into a revenue model and pursue many applications for our nanomaterial products."

The promise of nanotechnology has created lofty expectations in some quarters. The U.S. National Science Foundation is on record as predicting that the market for nanotechnology or products containing nanotechnology, will reach $1 trillion in 10 to 15 years. "This is a technology segment where AuGRID can excel, and we are aggressively pursuing it," added Mr. Shaheed.

The total world market for nanoparticles materials (materials between 1 and 100 nanometers in size) reached $492.5 million in 2000 and is expected to grow to $900.1 million in 2005 according to a presentation by Dr. Mindy N. Rittner, Senior Industry analyst for Business Communications Company, Inc. Electronic, magnetic and optoelectronic applications are expected to continue generating the largest demand, with an anticipated 74.2% market share by 2005. Biomedical, pharmaceutical and cosmetic applications are expected to hold 16.1% of the market in 2005; while energy, catalytic and structural applications are expected to hold 9.8%.

With the patent pending on this cutting-edge technology, the next step for AuGRID is to progress from the laboratory to the manufacturing environment.

Byron Ziegler looks forward to sharing AuGRID's vision at the IDGA conference. Ziegler has over 22 years experience in research and development in the areas of plasma chemistry, novel synthesis, material science, thermal management, thin film and ceramics.

Other speakers at the conference include:

Dr. James S. Murday, Chief Scientist, NAVAL RESEARCH LABORATORIES, OFFICE OF NAVAL RESEARCH 

Colonel Michael J. Smith, USA, Project Manager Soldier Weapons, PEO SOLDIER

Colonel John Norwood, USA, Project Manager, Soldier Equipment, PEO SOLDIER

Colonel Donald P. Kotchman, USA, Project Manager, UNIT OF ACTION, MANNED SYSTEMS' INTEGRATION

Dale L. Moore, Director, NAVAIR MATERIALS DIVISION, (AIR- 4.3.4) Leader NAVAIR NATIONAL MATERIALS COMPETENCY

Christopher P. R. Hoppel, PHD, Survivable Structures Team Leader, US ARMY RESEARCH LABORATORY

Dr. David M. Stepp, Chief, Mechanical Behavior of, Materials Branch, US ARMY RESEARCH OFFICE

Stephen Luckowski, Army MANTECH Program Manager, US ARMY ARDEC 

Jenness B. Simler, Program Officer, Navy ManTech Program, OFFICE OF NAVAL RESEARCH

Tia Bensontolle, Chief, Structural Materials Branch, US AIR FORCE RESEARCH LABORATORIES

Robert L. Rapson, Chief, Non-Metallic Materials Division, US AIR FORCE RESEARCH LABORATORIES

Dr. Pradeep K. Rohatgi, Wisconsin Distinguished Professor, Director, UWM Composites Center, UNIVERSITY OF WISCONSIN-MILWAUKEE

AuGRID Corporation and its subsidiaries, Alysium Corporation and Optipure, LLC, are technology based organizations, specializing in the manufacturing, distribution and development of electronic and display devices, thermocouples, silicon carbide tools and nanoparticles technology.

FORWARD LOOKING STATEMENT: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements regarding AuGRID Corporation in this release that are not historical in nature, particularly those that utilize terminology such as "may," "should," "likely," "expects," "anticipates," "estimates," "believes" or "plans," or comparable terminology, are forward-looking statements based on current expectations about future events, which AuGRID Corporation has derived from the information currently available to it. These forward-looking statements involve known and unknown risks and uncertainties that may cause our results to be materially different from results implied in such forward-looking statements. Important factors known to AuGRID Corporation that could cause forward-looking statements to turn out to be incorrect are identified and discussed from time to time in AuGRID Corporation's filings with the Securities and Exchange Commission. The forward-looking statements contained in this release speak only as of the date hereof, and AuGRID Corporation undertakes no obligation to correct or update any forward-looking statements, whether as a result of new information, future events or otherwise.