REVOLUTIONARY NEW COMPUTER CHIP TECHNOLOGY.

In November 1999, an article appeared in Science magazine describing the development of a single molecule switch chip, a basic component of any future chip manufacturing system using chemical processes known as self-assembly. The article described a process which has succeeded in the laboratory in creating arrays of molecule sized switches from which information can be stored and retrieved. The process is dramatically different from that which is used to build today's semiconductor chips.

Molecular Electronics Corp. is a company formed in December 1999 to exploit the immature but commercially enormous potential of these new computing circuits.

The co-founder and CTO of Molecular Electronics is Mark Reed, the author of the Science magazine article in November 1999, along with Rice University chemistry professor, James Tour, also co-founder of the company. The memory structure designed into the new "moletronics" is likely to have more faulty components than today's semiconductors, but billions of circuits that function correctly. Other companies operating in the same new technology era include California Molecular Electronics Corp., which went public in February 2000.