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Posted: July 1, 2010

Owlstone Announces Japan Orders and Distribution Agreements

(Nanowerk News) Advance Nanotech, Inc. is pleased to report that Owlstone Nanotech, Inc. ("Owlstone") has announced the receipt of a new order for five development platform systems from a Japanese technology company, and has announced recent appointments of two Asian distributors for its products.
The new purchase order follows opening discussions between Owlstone and the Japanese technology company regarding the licensing of Owlstone's technology for specific market sectors in Japan and an earlier purchase of a single development kit for trial purposes. The order is intended as the basis for further technology validation and initial local business development activities. In the meantime, talks are continuing regarding the potential synergies between the two organizations.
On the Asian distribution front, Owlstone announced the prior appointments of two Asian distributors for its LONESTAR™ gas analyser and OVG-4™ Vapor Generators. Jusun Instruments Co Ltd of Taiwan and APM Engineering Co Ltd of the Republic of Korea are both independently owned businesses whose specialist local knowledge combined with long standing experience in the gas analysis field fully complements Owlstone's approach to developing and delivering new gas detection technology.
In an email to Owlstone shareholders, Bret Bader, CEO of Owlstone, commented, "Growing worldwide interest in Owlstone's products demands a greater presence in international markets. These new relationships are of considerable benefit in our ongoing business-building activities in the key South East Asian economies."
About Advance Nanotech, Inc. and Owlstone Nanotech, Inc.
Advance Nanotech, Inc. owns a minority position in Owlstone Nanotech, Inc. ("Owlstone"). Owlstone is a pioneer in the commercialization of chemical detection products. The Owlstone detector is a revolutionary dime-sized sensor that can be programmed to detect a wide range of chemical agents that may be present in extremely small quantities. Using leading-edge micro- and nano-fabrication techniques, Owlstone has created a complete chemical detection sensor that is significantly smaller and can be produced more cost effectively than products using existing technology. There are numerous applications -- across industries from security and defense to industrial process, air quality control and healthcare -- that depend on the rapid, accurate detection and measurement of chemical compounds. Owlstone works with market leaders within these industries to integrate the detector into next generation chemical sensing products and solutions. Owlstone's technology offers a unique combination of benefits, including small size, low manufacturing costs, minimal power consumption, reduced false-positives, and a customizable platform. For more information about Advance Nanotech, Inc. please visit www.advancenanotech.com. For more information about Owlstone, please visit www.owlstonenanotech.com.
Source: Advance Nanotech (press release)
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