NanoMaterials, a Top 30 Winner in the NoAE Innovation Award 2010

NES ZIONA, Israel, November 30, 2010 - NanoMaterials, Ltd. Israel, a producer of nanotech products,
was named a prize winner in the Network of Automotive Excellence Innovation
Award 2010 competition.

The company, producer of the NanoLub(R) brand of performance
enhancing nanotechnology additives for lubricating oils and greases based on
its unique nanoparticles, received the award on November 24th, 2010 at the
Wuerzburg Automotive Summit, Wurzburg, Germany, in recognition of its
NanoG(TM) foam technology for making car seats thinner, lighter and in a
more ergonomic design while providing improved comfort level compared to
seats used today. The NoAE award comes less than a month after
NanoMaterials' recent recognition as the "Nanotechnology Company of the
Year 2010" granted by the Israel Ministry of Industry & Trade.

The Network of Automotive Excellence (NoAE)
Innovation-Competition is the biggest innovation event in the automotive
world. This year over 420 proposals were submitted from 23 countries. An
independent jury consisting of 12 managers and specialists from major
automotive companies selected the best 30 innovative ideas from over 400
submissions. The innovation competition is held under the auspices of the
Federal Minister for Economics and Technology, of the Federal Republic of
Germany, Mr. Rainer Bruederle.

The NoAE was established by leading automotive companies with
the collaboration of the European Commission. Partners include Audi, Ford,
Daimler, Mazda, Johnson Controls, Microsoft, Bosch, Alcoa, and others. NoAE
is a member of the "Initiative Networks of Competence Germany" sponsored by
the German Federal Ministry of Economics and Technology.

About NanoMaterials, Ltd.

Nano Materials (www.apnano.com) is a private
nanotechnology company founded in 2002 in Israel. The company is located in
the high tech science park adjacent to the Weizmann Institute of Science in
Nes Ziona. The company was granted an exclusive license by YEDA Research and
Development Co. Ltd., the commercial arm of the Weizmann Institute. to
manufacture, commercialize and sell a new class of nanomaterials based on
inorganic compounds that were discovered at the Institute. The shareholders
in the company include Newton Technology VC Fund, YEDA Research and
Development Co. Ltd., AYYT - TTC Ltd. (the commercial arm of the Holon
Institute of Technology (HIT), Israel, and private European investors.

NanoG(TM), is a green, environmentally friendly material, is a
trademark of the company.

Contact: NanoMaterials, Ltd., info@apnano.com, +972-8-930-2671

Contact: NanoMaterials, Ltd., info at apnano.com, +972-8-930-2671