Nano-Proprietary, Inc. Announces Ruling in Canon Litigation

February 23, 2007 – Austin, Texas-based Nano-Proprietary, Inc. (OTC BB: NNPP), today announced that U.S. District Judge Sam Sparks has issued his ruling granting Nano-Proprietary's motion for summary judgment and ruling that Nano-Proprietary is entitled to terminate its license with Canon, Inc. and effectively did terminate that license December 1, 2006. A copy of the Judge's full ruling is available at the United States District Court for the Western District of Texas, Austin Division, or on the Company's website at www.nano-proprietary.com.

Nano-Proprietary is represented in this case by intellectual property litigators at Kelley Drye & Warren LLP, a premier litigation firm with offices in New York, Washington D.C., and Chicago and Brown McCarroll LLP of Austin, Texas.

ABOUT NANO-PROPRIETARY, INC.

Nano-Proprietary, Inc. is a holding company consisting of two wholly-owned operating subsidiaries. Applied Nanotech Inc. is a premier research and commercialization organization dedicated to developing applications for nanotechnology with an extremely strong positions in the fields of electron emission applications from carbon film/nanotubes, sensors, functionalized nanomaterials, and nanoelectronics. Electronic Billboard Technology, Inc. (EBT) possesses technology related to electronic digitized sign technology. The Companies have over 200 patents or patents pending. Nano-Proprietary's business model is to license its technology to partners that will manufacture and distribute products using the technology. Nano-Proprietary's website is www.nano-proprietary.com .

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