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EaglePicher Allies with NanoGram Devices to Develop High-Performance Implantable Medical Batteries.

PHOENIX, July 31 /PRNewswire/ -- The Commercial Power Division of EaglePicher Technologies has signed a long-term agreement with NanoGram Devices Corporation to develop and manufacture batteries based on NanoGram's patented nanomaterial technology. The initial application of this technology will be for batteries in implantable medical devices. The agreement also outlines plans for further collaboration and provides EaglePicher with the potential to license the technology in other markets, including aerospace and defense.

"EaglePicher is excited to help NanoGram Devices bring this breakthrough technology to market," said Kevin Quinn, vice president and general manager of EaglePicher Technology's Commercial Power division. "We believe that nanomaterial technology offers significant improvements in battery performance, reliability and miniaturization. NanoGram is the clear leader in the application of this technology to batteries," Quinn continued, "This new venture furthers our commitment to the medical market and provides us with a terrific platform for additional developments in high-performance battery technology."

The strategic alliance combines the development and manufacturing capabilities of EaglePicher's Commercial Power business with the proven nanotechnology of NanoGram Devices. As part of this new venture, EaglePicher is establishing a dedicated manufacturing operation for medical batteries. The first products produced under the agreement will be NanoGram Devices' NanoCardia(TM) line of high-performance medical power sources used to power implantable cardioverter defibrillators (ICDs). These patented medical batteries deliver substantially higher capacity at much higher energy delivery rates than existing systems, enabling implantable medical devices with shorter charge times and longer lifetimes.

Barry Cheskin, president and CEO of NanoGram Devices commented, "We chose to partner with EaglePicher because of their decades of experience developing and manufacturing high performance batteries. They have a strong commitment to the medical market and a proven record with implantable devices."

EaglePicher Technologies, LLC, a wholly owned subsidiary of EaglePicher Incorporated, has facilities in Colorado, Missouri, Oklahoma, Kansas and Canada. The operating group develops and markets advanced high-reliability power systems and associated electronics for government, space and commercial applications. It also processes Boron isotopes, anticancer pharmaceutical ingredients and ultra clean scientific containers. Areas of global focus include telecommunications, medical, nuclear power plants, space, defense, environmental, semiconductors and pharmaceutical/biotech. Additional information is available on the Internet at .

EaglePicher Incorporated, headquartered in Phoenix, Arizona, is a diversified manufacturer and marketer of innovative, advanced technology and industrial products and services for space, defense, environmental, automotive, medical, filtration, pharmaceutical, nuclear power, semiconductor and commercial applications worldwide. The company has 4,000 employees and operates more than 30 plants in the United States, Canada, Mexico, the U.K. and Germany. Additional information on the company is available on the Internet at .

NanoGram Devices Corporation is a nanotechnology company that develops and markets products for medical device applications based on a unique, patented nanomaterials synthesis process. The company's first commercial products, nanomaterial-enhanced power sources, enable smaller, longer lifetime, more reliable implantable medical devices such as ICD's (implantable cardioverter defibrillators). NanoGram Devices Corporation is on the web at .

This release contains statements which, to the extent that they are not recitations of historical fact, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. These include any statements about future business operations, financial performance or market conditions. Such forward-looking information involves risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties are discussed in EaglePicher Holding's filings with the U.S Securities and Exchange Commission.

CONTACT: Dan Nowlin of EaglePicher, +1-417-659-9635 ext. 228

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Publication:PR Newswire
Geographic Code:1USA
Date:Jul 31, 2003
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