Applied Nanotech Holdings Appoints YHCC Executive Xin Li to its Board of Directors

Applied Nanotech Holdings, Inc. announced that the Board of Directors have unanimously appointed Sichuan Anxian Yinhe Construction and Chemical Group Co., Ltd (YHCC) executive Xin (David) Li to its Board.

Li is currently the deputy director of project development at YHCC. He has been instrumental in providing direction for the company’s corporate strategy and managing growth for sustained success. Prior to his work with YHCC, Li held the position of general manager at Mianyang Vanetta Chemical Industrial Co., Ltd (a subsidiary of YHCC) where he was responsible for the company’s policies, planning and expansion of production lines. He holds an MSc in accounting and an MSc in biochemical engineering.

Applied Nanotech has also received the $2.5 million investment from YHCC as part of its strategic partnership that will create opportunities to commercialize APNT’s nanotechnologies and bring them to market. This strategic partnership was announced on Feb. 17, 2011 giving YHCC the exclusive right to license and commercialize two of APNT’s technologies in China and other parts of Asia and nonexclusive rights in other parts of the world.

“David Li is a great addition to our Board with his corporate strategy expertise in international markets,” stated Doug Baker, CEO of Applied Nanotech Holdings, Inc. “Li’s appointment combined with the YHCC investment are important steps in solidifying our working relationship and we look forward to developing our strategic partnership well beyond its initial scope.”