DoCoMo Funding Nanotech Research

Nanosys, Inc. and DoCoMo Capital, Inc., a wholly owned US subsidiary of NTT DoCoMo, Inc., announced they have entered into an exclusive collaboration agreement to develop Nanosys’ nanotechnology platform for potential product opportunities in wireless communications for mobile telephone applications in Japan. Under the terms of the agreement, NTT DoCoMo and DoCoMo Capital will fund development efforts at Nanosys and NTT DoCoMo. In addition, DoCoMo Capital announced its equity investment in Nanosys. Financial details of the agreements were not disclosed.

According to the companies press release Here:

“We are extremely pleased to be working with NTT DoCoMo and DoCoMo Capital,” said Calvin Chow, Nanosys’ Chief Executive Officer. “NTT DoCoMo actively promotes the development and introduction of new services and technologies ahead of its competitors, and recognizes the potential of Nanosys’ technology in addressing numerous emerging wirelesss communications opportunities.”

“This collaboration, as well our investment in Nanosys, allows us to expand future opportunities for developing new mobile telephone applications,” said Nobuyuki Akimoto, President and CEO of DoCoMo Capital. “Through advances using nanotechnology we expect to increase NTT DoCoMo’s position as the mobile communications technology leader in the world.”

[More details about DoCoMo Capital and Research Labs Here — Eds]