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NxGEN ELECTRONICS AND UNITED INNOVATIONS ENTER INTO JOINT VENTURE TO DEVELOP POWER SUPPLY TECHNOLOGY

SAN DIEGO, CA (November 16, 2012) – NxGEN Electronics, Inc., a leader in the design and manufacturing of next generation electronic packaging solutions, has entered into a memorandum of understanding as a framework for a partnership agreement with United Innovations, Inc. United Innovations has developed unique battery and solar technology solutions, and will work with NxGEN to develop and commercialize products. NxGEN has provided microelectronics power management solutions for customers that provide products for the military and industry, and has a ten year history of securing government funding for research and development of early stage technology. United Innovations invented and holds exclusive rights to a radioisotope micro-battery and ) solar Concentrating Photovoltaics (CPV)technology.

“NxGEN is excited to have this opportunity to collaborate with Dr. Ugur Ortabasi, the founder and owner of United Innovations, on these unique technologies and continue to enhance our new product development and build on our focus as a company that provides microelectronics power management and power supply solutions”, said Tri Le, president of NxGEN.

United Innovations has a patent pending beta-voltaic indirect conversion radioisotope (BICOR)battery , that has extremely long-life, and high energy density. United Innovations has also developed unique solar CPV technology solutions and a prototype. Both of these technologies have received interest and support from many industry leading companies. United Innovations, as part of a collaborative project with the Raytheon Company, built a High Concentration Photovoltaic test facility. “I look forward to working with NxGEN on developing and commercializing the battery and CPV solar technology, as well as working with them on the research and training of the High Concentration Photovoltaic test facility.” said Dr. Ugur Ortabasi.

About NxGEN Electronics Inc.

NxGEN Electronics is a privately-owned company based in San Diego, CA, USA. The NxGEN team offers a proven blend of expertise focused on optimum microelectronics packaging solutions for the cutting-edge product. NxGEN accelerates time to market of customer product through industry leading services, quality, innovation, and inherent high-level of integration

About United Innovations Inc.

United Innovations, Inc. is a San Diego based small business that specializes in converting solar-, laser- and thermal radiation into electricity. Over the last 15 years United Innovations has received grants from DOE/NREL, California Energy Commission/PIER/EISG, PG&E/Westinghouse, NRO/Air Force, Boeing/Spectrolab and Raytheon/RMS to develop leading edge concepts in the field of Concentrating Photovoltaics.