State College, PA, October 31, 2008 - Strategic Polymer Sciences, Inc. (SPS) has been awarded a $200,000 commercialization grant by the Pennsylvania NanoMaterials Commercialization Center (PA Nano) to develop nanostructured compact capacitors for implantable cardiac defibrillators (ICD).

In the one-year program, SPS will work with Penn State University to develop prototype ICD capacitors and evaluate them for ICD application.

Strategic Polymer Science is an early-stage startup company that develops new materials and device technologies that are in the process of revolutionizing energy storage, energy generation, and medical therapeutics. Its applications range from lowering the cost and increasing the efficiency of hybrid electric vehicle engines and implantable cardiac defibrillators to the creation of lower cost, more efficient, and more effective steerable medical catheters for cardiac and other applications.

Earlier this year, SPS closed a Series A funding round of $3 million. The company was also recently awarded a $100,000 SBIR Phase 1 grant by the United States Air Force to develop compact, sub microsecond discharge pulsed power capacitors with a long lifetime of more than one million cycles.

About PA Nano

The Pennsylvania NanoMaterials Commercialization Center is a worldwide leader in facilitating the commercialization of nanomaterials technologies and builds upon Pennsylvania's excellence in advanced materials research, development and manufacturing. Strategic Polymer Sciences is headquartered in State College, PA. The Center plays a critical role in accelerating the commercialization of nanomaterials research for new and enhanced products critical for U.S. commercial and defense needs. The center uses a unique model to proactively create partnerships between government organizations, universities, entrepreneurs, small and large companies to match nanotechnology research with innovative new ideas, and then accelerates the development of those ideas into new products, new companies and growth for the region and the country.