NEW YORK, June 24 /PRNewswire-FirstCall/ -- Advance Nanotech, Inc., (OTC Bulletin Board: AVNA), announced today that its Owlstone Nanotech, Inc. ("Owlstone") subsidiary has received an order from SELEX GALILEO totaling $629,000. SELEX GALILEO, a Finmeccanica company and one of Europe's foremost Aerospace and Defense organizations, is a leader in surveillance, protection, tracking, targeting, navigation & control and imaging systems. This contract marks the third order in 18 months from SELEX GALILEO. Owlstone is expected to complete the contract delivery under this new contract by December 2008.
The order from SELEX GALILEO requires Owlstone to further the development of its miniature chemical detection technology to meet specific Homeland Defense requirements. Through the development of a fully integrated chemical detection prototype, in combination with the addition of an explosive detection system capability, this advanced work-program builds on the co-development of NEXSENSE C initiated with SELEX GALILEO in 2007.
"We are delighted to be embarking in further co-development with SELEX GALILEO, one of the UK's premier government contractors," said Bret Bader, CEO of Owlstone. "This follow on order will serve to accelerate our efforts toward commercialization and further solidifies our collaboration with this established partner as we address the burgeoning opportunities for the Owlstone sensor in the homeland defense and military markets."
In response, Michaela Clarke, Capability Manager Security &
Surveillance Systems at SELEX GALILEO said, "We have been working closely
with Owlstone and other sensor manufacturers to forward technological
capabilities in chemical, biological, radiological and nuclear (CBRN)
detection. Owlstone was selected for their key technical expertise in
chemical detection utilizing their micro-fabricated FAMIS (Field-Asymmetric
Ion Mobility Spectrometry) technology." Ms. Clarke went on to comment,
|SOURCE Advance Nanotech, Inc.|
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