EPRI Fuel Cell Program Manager Moves to AMS

K.R. "Ammi" Amarnath appointed VP of business development for Advanced Material Sciences.

Published: 04-Apr-2001

PASADENA, Calif.--(BUSINESS WIRE)--April 4, 2001--
Acacia Research Corporation (Nasdaq:ACRI) announced today the appointment of K.R. "Ammi" Amarnath as vice president, Business Development of its subsidiary, Advanced Materials Sciences (AMS).

AMS was recently formed to exploit CombiMatrix's technology in the field of material sciences, with a focus on developing next-generation fuel cells.

Amarnath will join the company this week. He is leaving the Electric Power Research Institute (EPRI) where he led the fuel cell program, was responsible for developing new fuel cell distributed resource businesses, and developed strategic partnerships between EPRI and the energy industry worldwide. EPRI is a non-profit research institute funded by utilities and other organizations in the power industry with a mandate to perform research and evaluate solutions to problems in the energy industry.

"We are extremely pleased to have Mr. Amarnath join our senior management team," said Dr. Amit Kumar, president and CEO of AMS. "His tremendous knowledge of the fuel cell industry and contacts in government will be a great asset to AMS."
"I am extremely enthusiastic about utilizing CombiMatrix's technology to develop the next generation of fuel cells," Amarnath said.

Amarnath has a Master's Degree in Chemical Engineering from the University of California, Santa Barbara, and an MBA degree from the University of Houston. He is a member of the American Institute of Chemical Engineers, the International Fuel Cell Seminar Organizing Committee, and the Industrial Energy Technology Conference Committee.
Acacia Research owns 66.7% of Advanced Materials Sciences and CombiMatrix owns 33.3%.

About Advanced Material Sciences Inc.

Advanced Material Sciences (AMS) holds the exclusive license to CombiMatrix's biological processor technology within certain fields of material science, including fuel cell catalysts, battery materials, sensor arrays, electronic and electrochemical materials, and other materials relating to the use, storage, conversion and delivery of energy.

About Acacia Research Corporation

Acacia Research develops and operates life science and enabling technology companies. The company's core technology opportunity has been developed through its subsidiary, CombiMatrix Corporation. Acacia Research intends to build and acquire companies in the life science and material science fields that will utilize CombiMatrix's biochip technology. Acacia Research's Web site is located at www.acaciaresearch.com.

About CombiMatrix Corporation

CombiMatrix Corporation is developing a technology to allow the company to rapidly produce customizable biological array processors, which are semiconductor-based tools for use in identifying and determining the roles of genes, gene mutations and proteins. The company is designing its products principally to be responsive to the needs of pharmaceutical, biotechnology, and academic researchers to analyze raw genomic data in the discovery and development of pharmaceutical products.

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