Subsidiary Companies: Agonn Systems
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Agonn Systems was formed in 2008 to develop and commercialize nanotechnology-based energy storage devices for electric vehicles and other large format applications. Agonn is pursuing a strategy to acquire energy storage technologies and intellectual property based on nanoscale engineering from research institutions. Agonn has outsourced the development of prototype ultracapacitors based on carbon nanomaterials and other advanced materials. The Company believes the markets for energy storage products are substantial, ranging from consumer electronics to vehicles to heavy industry, and that emerging clean technology platforms offer significant market opportunities for new energy storage devices — in part because traditional batteries do not meet many of the key requirements for energy density, lifetime and efficiency. Agonn Systems, Inc. is a wholly owned subsidiary of Arrowhead Research (Nasdaq: ARWR). |

