Unidym's CTO Dr. Paul Drzaic Named New President of the Society for Information Display

Unidym, Inc, a majority-owned subsidiary of Arrowhead Research Corporation (NASDAQ:ARWR), announced today that Unidym’s Chief Technology Officer, Dr. Paul Drzaic, will become the new President of the Society for Information Display (SID). Dr. Drzaic will assume the SID Presidency at SID’s Display Week conference and symposium at the Los Angeles Convention Center, May 18th through 23rd. SID is the leading international professional society exclusively devoted to the advancement of electronic display technology, manufacturing, and applications. Now in its 46th year, with more than 550 booths and 8,000 attendees, SID’s Display Week is the flat panel display industry’s most prominent technical conference and exhibition, drawing participation from the world’s leading companies and universities in flat panel displays. "Unidym applauds the appointment of Dr. Drzaic as the president of SID,” said Art Swift, President and CEO of Unidym. "Taking on this executive role for SID is the culmination of a decade of exemplary service to that organization and a clear recognition of his reputation and standing in the display industry. SID is widely seen as the authoritative source for advances in flat panel display technology and Unidym is committed to working with industry leaders and organizations, particularly SID, to collaboratively improve display technology.” "I am looking forward to taking on the leadership of SID,” said Dr. Drzaic, "As CTO of Unidym, I am responsible for the development of a set of technologies that have immediate and numerous applications in the flat panel display industry. Being ‘in the trenches’ in new technology development at Unidym, while guiding and growing SID’s support for current and emerging technologies, is the best of both worlds for me, with strong synergies ultimately benefiting both organizations.” Dr. Drzaic is a recognized expert in the field of flexible electronics technology and several other areas of materials science. As Unidym’s Chief Technology Officer, he is currently working on the commercialization of carbon nanotubes for electronic devices and other applications. Previously, he has held the positions of Vice President for Advanced Development at Alien Technology Corporation, Director of Technology at E Ink Corporation, and Principal Scientist at Raychem Corporation. Dr. Drzaic’s professional career has spanned development efforts in novel display technologies, flexible electronics, and RFID technology. He is author of a book on liquid crystal science and technology, 19 journal publications, 55 US patents, and over 20 articles in conference and popular publications. He is a winner of the 2002 National Team Innovation Award from the American Chemical Society, as well as an Editor’s Choice award for the R&D 100 awards for 2001. Dr. Drzaic has held several leadership positions within the Materials Research Society, has sat on technical advisory boards for four different university-based US Nationals Science Foundation Materials Research Centers. He holds a PhD in chemistry from Stanford University, and a BS in chemistry from the University of Notre Dame. With over 6000 members, SID is the leading international professional society exclusively devoted to the advancement of electronic-display technology, manufacturing, and applications. SID promotes industry and academic technology development, and educates the general public on coming trends in display technology. SID provides a forum for the display industry’s leaders that accelerates progress and collaboration. About Unidym, Inc. Unidym is a leader in the manufacture and application of carbon nanotubes (CNTs), a novel material with extraordinary electrical, thermal, and mechanical properties. Unidym provides bulk materials, CNT-enabled products, and intellectual property to a wide range of customers and business partners. As a result of its recent merger with CNI, Unidym possesses a foundational patent portfolio that covers nearly every aspect of CNT manufacturing and processing as well as multiple product applications. Unidym is focused on the electronics industry where its initial products include transparent electrodes for touch screens, flat panel displays, solar cells, and solid state lighting; electrodes for fuel cells; and thin film transistors for printable electronics. Unidym is also pursuing an aggressive, cross-industry partnership strategy to capture value from the wide ranging uses of CNTs. Unidym’s licensing program, technical expertise and manufacturing facilities can enable partners to rapidly develop CNT solutions for their specific applications. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based upon our current expectations and speak only as of the date hereof. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including the future success of our scientific studies, our ability to successfully develop products, rapid technological change in our markets, changes in demand for our future products, legislative, regulatory and competitive developments and general economic conditions. Arrowhead Research Corporation’s Annual Report on Form 10-K and 10-K/A, recent and forthcoming Quarterly Reports on Form 10-Q and 10-Q/A, recent Current Reports on Forms 8-K and 8-K/A, our Registration Statements on Form S-3, and other SEC filings discuss some of the important risk factors that may affect our business, results of operations and financial condition. We undertake no obligation to revise or update publicly any forward-looking statements for any reason.