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Posted: June 14, 2008
Advance Nanotech's Owlstone Subsidiary Receives Order From IEE
(Nanowerk News) Advance Nanotech, Inc.,
(OTC Bulletin Board: AVNA), announced that its Owlstone Nanotech Inc.
("Owlstone") subsidiary has received a purchase order for test quantities
of its FAIMS ingredient supply module from Luxembourg headquartered IEE, an
innovative developer of specialized sensing systems with a global
leadership position in automotive safety sensing systems. Both companies
have also renewed their joint Memorandum of Understanding with the stated
aim to cooperate in the promotion and marketing of the FAIMS technology in
a range of markets including automotive, medical and healthcare.
"IEE, one of Europe's leading suppliers of sensor solutions into the
global automotive market," said Bret Bader, CEO of Owlstone. "This
partnership will help to accelerate the growth opportunities for FAIMS,
exploiting the sensor's ability to detect a greater range of gases across
an equally broad range of applications. Owlstone's initial focus is
delivering new and profound detection solutions for military, homeland
security, and industrial applications. In partnership with IEE, application
development and commercialization for niche markets that would have taken
years to address can be greatly accelerated."
In response, Patrick Roulling, Business Development Manager for IEE
said, "Demand for chemical sensing technology is growing across a number of
markets. We have been in talks with Owlstone for 18 months and have
identified their FAIMS technology as having significant performance
advantages over other sensor technologies. It is our desire to work closely
with Owlstone to bring new products to market rapidly and aggressively grow
market share. Our focus is on transport, public & commercial
infrastructure, consumer electronics, automation &. logistics and medical &
In addition, Advance Nanotech announced today that its Owlstone
Subsidiary has also received orders for several OVG-4 vapor generators from
multiple United States Military Laboratories that will be used to test and
calibrate gas sensors. The OVG-4 produces accurate gas samples into the low
parts per trillion levels thereby allowing users to create complex mixtures
without the complexity associated with competing systems.
IEE is a privately held innovative developer of specialized sensing
systems. Founded in 1989 and headquartered in Luxembourg, the company has
operations in Europe, the US and Asia. IEE is also a global leader in
automotive safety sensing systems for occupant detection and
classification. The company's solutions are dedicated to the following
markets: Transport, Public & Commercial Infrastructure, Automation &
Logistics and Medical & Healthcare. IEE employs over 1,200 people
worldwide. 26% of the company's workforce is engaged in Research and
Development. For more information, please visit http://www.iee.lu .
About Advance Nanotech
Advance Nanotech is in the process of restructuring its business and
becoming an operating company focused on next generation chemical and
biological detection. Its proprietary technologies, developed at Cambridge
University, are uniquely silicon-based, thereby offering miniaturization
and network capability with wireless opportunities. The advantages of this
protocol permit for real-time precision analytics leading to potential
prevention of ensuing issues, concerns and dangers. For more information
about Advance Nanotech, please visit http://www.advancenanotech.com .
About Owlstone Nanotech, Inc.
Owlstone Nanotech, Inc. ("Owlstone") is a majority owned subsidiary of
Advance Nanotech and is a pioneer in the commercialization of
nanotechnology-based 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 system that is significantly smaller
and can be produced more cost effectively than 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 on
Owlstone Nanotech, please visit http://www.owlstonenanotech.com .