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Posted: September 23, 2008
Advance Nanotech Announces First Order for Environmental Monitoring Sensor
(Nanowerk News) Advance Nanotech, Inc. today announced that the Company's majority owned subsidiary, Owlstone Nanotech, Inc., was awarded a multiple unit contract for its Lonestar environmental monitoring sensor from a U.S. based commercial entity. This sale represents Owlstone's first-ever field deployment of sensors for environmental monitoring. The initial order totaling approximately $180,000 is expected to be shipped within the next 30 days. Due to the nature of the application for which the sensors are intended, the Company is not authorized to provide any further information on the purchasing entity.
Commenting on the contract, Bret Bader, CEO of Advance Nanotech, said, "This order marks our entry into environmental monitoring, a very large market, similar in size to the homeland defense and industrial process controls verticals for which we recently launched applications. The versatility of our Lonestar gas and chemical monitor has enabled us to develop multi-market applications. The Owlstone technology was chosen for its superior real-time, advanced detection capabilities that are able to identify chemicals such as chlorine, ammonia and other toxic industrial chemicals in the parts per million and parts per billion ranges. Lonestar, the first commercial product embedding the Owlstone technology, is unique, ensuring a high level of sensitivity, selectivity while delivering the ability to be easily reprogrammed."
About Owlstone Nanotech, Inc.
Owlstone Nanotech, Inc. ("Owlstone") is 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 capable of superior performance, significantly smaller and can be produced materially more cost 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 applications 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, please visit www.owlstonenanotech.com.
About Advance Nanotech
Advance Nanotech, through its majority owned subsidiary Owlstone Nanotech, Inc., is an operating company focused on chemical and biological next generation detection. Its proprietary technologies, developed at Cambridge University, are uniquely silicon based thus offering miniaturization and network capability with wireless opportunities. The advantages of this protocol permits for real-time precision analytics leading to potential prevention of ensuing issues, concerns and dangers. Through Owlstone, Advance Nanotech has 2 recently awarded patent and 17 patent pending applications.