updated 5/18/2011 9:16:59 AM ET 2011-05-18T13:16:59

AUSTIN, Texas, May 18, 2011 (GLOBE NEWSWIRE) -- Applied Nanotech Holdings, Inc. (OTCBB:APNT) – announced that it received the MICO Award, presented by MDB Capital Group at the second annual Bright Lights Conference at the Le Meridien Hotel in New York City. The Bright Lights Conference is the only conference with an exclusive focus on publicly-traded companies possessing disruptive and market changing IP, providing institutional investors with a venue to discover the largely unrecognized value of embedded IP.

"Applied Nanotech stood out as one of the top five companies across all industries with the most potentially disruptive or market changing IP, and we are honored to recognize their achievements in driving IP as an asset class and the impact they are making in driving innovation in America," commented Christopher Marlett, CEO of MDB Capital Group.

Applied Nanotech was selected from MDB's 2011 group of "Best and Brightest" small-cap companies, a group that is advancing some of today's most innovative and market-leading intellectual property (IP) and advanced as one of the 40 public companies ranking in the 90th percentile for its respective technology leadership from more than 1,500 small-cap companies with granted U.S. patents, as rated by PatentVest, MDB's proprietary IP business intelligence platform.

"We are honored by our selection to receive this award," said Doug Baker, CEO of Applied Nanotech Holdings, Inc. "This award is a strong validation of our progress and a testament to the excellent work of our scientists."

About Applied Nanotech Holdings Inc.

Applied Nanotech Holdings, Inc. (OTCBB:APNT) is a premier research and commercialization organization focused on solving problems at the molecular level. Its team of PhD level scientists and engineers work with companies and other organizations to solve technical impasses and create innovations that will create a competitive advantage. The business model is to license patents and technology to partners that will manufacture and distribute products using the technology. Applied Nanotech has over 300 patents or patents pending. Applied Nanotech's website is http://www.appliednanotech.net .

About MDB Capital Group

MDB Capital Group, LLC is an institutional research and investment banking firm focusing exclusively on small and micro-cap companies possessing market changing, disruptive intellectual property. For more information on MDB Capital Group, visit:  http://www.mdb.com

About PatentVest

PatentVest® is a proprietary intellectual property (IP) business intelligence platform developed by MDB Capital Group. PatentVest quantifies the appropriate valuation of IP and enables the emergence of IP as an investible asset class. For more information on PatentVest please visit: http://www.patentvest.com

SAFE HARBOR STATEMENT

This press release contains forward-looking statements that involve risks and uncertainties concerning our business, products, and financial results. Actual results may differ materially from the results predicted. More information about potential risk factors that could affect our business, products, and financial results are included in our annual report on Form 10-K for the fiscal year ended December 31, 2010, and in reports subsequently filed by us with the Securities and Exchange Commission ("SEC"). All documents are available through the SEC's Electronic Data Gathering Analysis and Retrieval System (EDGAR) at www.sec.gov or from our website listed above. We hereby disclaim any obligation to publicly update the information provided above, including forward-looking statements, to reflect subsequent events or circumstances.

CONTACT: Company Contact:
         Doug Baker
         248.391.0612
         dbaker@appliednanotech.net
         
         Investor Relations Contact:
         Mercom Capital Group
         512-215-4452
         apnt@mercomcapital.com

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