Company also receives first order from multiple U.S. Military Research
NEW YORK, June 13 /PRNewswire-FirstCall/ -- Advance Nanotech, Inc., (OTC Bulletin Board: AVNA), announced today 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 &
|SOURCE Advance Nanotech, Inc.|
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