... CEO of New Nano Sensor Subsidiary

Move Part of Growth Plan to Accelerate Commercialization, Increase Revenues
Fantasy Finance

AUSTIN, Texas, May 22, 2012 (GLOBE NEWSWIRE) -- Applied Nanotech Holdings, Inc. (OTCBB:APNT.OB - News) is pleased to announce the hiring of Alan Jernigan as CEO of a new subsidiary focused on sensor commercialization. The formation of a separate subsidiary is part of Applied Nanotech's growth plan to increase revenues and accelerate the commercialization process by focusing on specific technologies.

The new company will bring to the sensor industry the unique advantages of nanotechnology through its ability to manipulate materials at the molecular level, where sensing phenomena occur.

"Alan brings over 25 years of experience growing markets rapidly from scratch through successful product development and commercialization," said Doug Baker, CEO of Applied Nanotech Holdings, Inc. "Hiring someone with Alan's talents is reflective of the bright future of Applied Nanotech. He has earned a reputation as a trusted and respected leader in the diagnostic industry. Equally important, he shares our energy and passion for bringing game-changing solutions to market. We are confident that Alan is the right CEO to lead and help grow this company to become a success."

Mr. Jernigan comes to Applied Nanotech Holdings Inc. from One Lambda Inc., a transplant diagnostic company where, since 2010, he served as Chief Commercial Officer. Prior to One Lambda Inc., Jernigan served in a number of leadership positions with early stage companies helping them develop and commercialize novel point of care technologies. Among his accomplishments at Abbott, Idexx, IGEN, and ThromboVision Inc., were the development and launch of over 35 diagnostic solutions, domestically and internationally, for both the human and non-human markets.

"Joining Applied Nanotech Holdings Inc. is an honor and a once-in-a-lifetime opportunity to help improve the lives of others," said Jernigan. "This is a great company steeped with accomplishment, history, highly innovative products, and highly skilled and dedicated employees. The passion and vision I have for the medical diagnostics industry is just the jumping off point as this new company focuses on commercializing market-disrupting nano sensors for a multitude of applications and industries."

"Our nanosensor technologies have the potential to fundamentally improve detection, diagnostics and prevention capabilities in sectors as large in breadth and scope as healthcare and defense, just to name a couple," commented Zvi Yaniv, PhD and President of Applied Nanotech, Inc. "Now we have someone with the industry knowledge, experience and track record in commercializing revolutionary technologies like ours in Alan."

Dr. Robert Ronstadt, Chairman of the Board of Directors of Applied Nanotech Holdings, Inc., added: "With Alan and our emerging technology in human breath analysis, Applied Nanotech is poised to help transform the cost and delivery of medical treatment in the years ahead."

Mr. Jernigan's career experience has included sales, marketing, manufacturing operations, international experience, research and development and senior management. Jernigan holds an MBA from Oklahoma City University, and a B.S. in Business Administration from Oklahoma State University.