Nanosys and Sharp are to develop nanotechnology-enabled fuel cells incorporating Nanosys' proprietary nanostructure technology.

Under the terms of the agreement, Nanosys will collaborate with Sharp to utilise its nanostructure technology to help develop high performance fuel cells for use in portable consumer electronics such as laptop computers, cell phones and cameras.

"Sharp's expertise and success in the development and commercialization of portable electronics and renewable energy products makes them an excellent collaborator for Nanosys," said Calvin Chow, Nanosys' chief executive officer.

"We are excited about the opportunity to apply our nanostructure technology with Sharp to address the numerous opportunities in the rapidly growing multi-billion dollar portable power market."

Device manufacturers have been increasingly concerned about power requirements as applications become ever more complex, putting an increasing burden on battery life.

The companies believe that the inherent higher energy density of small fuel cells in comparison to batteries has the potential to lead to both longer operational time and serve the power demands of next generation portable electronics.

Nanosys is a leader in the development of nanotechnology-based products utilizing high performance inorganic nanostructures, while Sharp is a worldwide developer of innovative products and core technologies that play a key role in shaping the future of electronics.