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Two British-based scientists have won the Nobel Prize for Physics for creating graphene, the world's thinnest material.
Professor Andre Geim and Professor Konstantin Novoselov, from the University of Manchester, made the breakthrough in 2004.
Graphene, which consists of a single layer of carbon atoms arranged in a honeycomb lattice, has been hailed as a "wonder material". It has potential applications in the development of touch-sensitive screens, solar cells, light panels, gas sensors and flexible electronics.
Graphene is both the world's thinnest material and the strongest material yet measured. It is around 200 times stronger than structural steel. It is light weight, making it suitable for use in satellites and on aircraft, and is also a phenomenal conductor of electricity. Electrons travel further in graphene than in any other material. Graphene-based integrated circuits could lead to smaller and more sophisticated computers and mobile phones.
Prof Novoselov, 36, first worked with Prof Geim, 51, as a PhD student in Holland and later followed him to the UK. Both men originally studied and began their careers as physicists in Russia.
Together they pioneered techniques for generating single graphene layers and demonstrated the material's unique properties with laboratory experiments.
Nancy Rothwell, president and vice chancellor of the University of Manchester, said: "This is fantastic news. We are delighted that Andre and Konstantin's work on graphene has been recognised at the very highest level by the 2010 Nobel Prize committee. This is a wonderful example of a fundamental discovery based on scientific curiosity with major practical, social and economic benefits to society."
Professor David Delpy, chief executive of the Engineering and Physical Sciences Research Council (EPSRC), said: "This work represents an enormously important scientific development. An exciting new material that has a huge range of applications and will no doubt bring significant benefits to the UK economy.
"EPSRC has been supporting research by Professor Geim and his group for nearly 10 years and our latest grant has enabled the UK to retain the key academic and research staff behind this discovery, who might otherwise have been lost to foreign institutions."
In October 2009, the EPSRC awarded Prof Geim a grant of more than £5 million to investigate the potential of graphene.
Universities and science minister David Willetts offered his congratulations to the two Manchester physicists. He said: "This award is great news for the UK research sector and is a sign that we attract the best scientists from around the world, which is good for business.
"This cutting-edge breakthrough will no doubt bring great benefits to the UK economy and our future growth."
Prof Geim said: "This is a fantastic honour. People have been talking about graphene as a possible prize winner for a number of years so for the community in graphene research it hardly comes as a surprise.
Prof Novoselov, known as Kostya, said: "I was really shocked when I heard the news and my first thought was to go to the lab and tell the team.
"I didn't know until this morning when I had a call from Stockholm.
"We have had a fantastic seven years working together on this new material graphene. The university is well suited to this style of research, we have excellent facilities."