Navigation Links
NanoLogix Inc. Announces Joint Development With CL Solutions and First Sales of Rapid Detection Kits
Date:8/4/2008

HUBBARD, Ohio, Aug. 4 /PRNewswire-FirstCall/ -- NanoLogix, Inc. (OTC: NNLX) a biotechnology company, is pleased to provide the following updates:

NanoLogix and CL Solutions http://www.cl-solutions.com have signed a joint development agreement to develop and market Fast Detection Bioremediation Kits (FDBK) for use in monitoring the treatment process for organic contaminants in soil and groundwater. Efrain Torres, CEO of CL Solutions, stated: "We are very excited about this joint effort with NanoLogix. The use of NanoLogix's patented technology will significantly improve the effectiveness of bioremediation technologies by providing the real-time feedback that is currently missing in field applications."

In July 2008, initial sales of BNC and BNP rapid detection kits began to a major research and development facility whose mission is focused on improving national defenses against bioterrorism. These sales are a direct result of contacts made at the NanoLogix booth during the American Society for Microbiology 108th Annual Meeting in Boston in June and are expected to increase significantly as the project applications move forward on a variety of fronts.

Hydrogen bioreactor prototype operations continue at Welch's in Pennsylvania, with final testing of feedstock taking place prior to completion of an evaluation of the economics of a potential second-generation installation. Wastewater treatment facility bioreactor research and development, utilizing activated sludge as feedstock, will proceed with the focus on Ohio treatment facilities due to logistical and operational benefits to the company.

NanoLogix directors have unanimously agreed to a reduction in their share compensation received for board service. This reduction brings the share compensation to only 16% of what had been issued to directors prior to the management change in March 2007. Directors and management continue to forego salary in the interest of building the company.

Bret Barnhizer, NanoLogix CEO remarked, "The efforts of the last 16 months to build a solid business and biotechnology foundation are bearing fruit. With the CL Solutions joint development project, first BNC/BNP kit sales to a highly respected major institution involved in U.S. defense efforts against bioterrorism, and the associated potential for sales to a broad range of customers, we have achieved the goals set forth last year in our business plan. Directors John Chatterton and Dr. Robert Ollar have clearly demonstrated their faith in the future of the company by accepting 160,000 shares annually, contrasted with the 1,000,000 shares drawn by directors in the past. We are now on track for establishing a sustaining revenue stream that will enable expansion of production for BNC/BNP technologies and also increase our research and development efforts for hydrogen extraction from waste, with a focus on turning that waste into a reliable source of alternative energy as well as reducing the volume of waste now flowing into our ecosystem."

About CL Solutions, LLC.

A leader in the field of bioremediation, CL Solutions rapidly and affordably bioremediates soil and groundwater contaminated with hydrocarbons and chlorinated solvents. The company's products, CL-Out(TM) and Petrox(TM), have been field-proven to work faster, work better, and cost less than other hazardous waste cleanup solutions.

About NanoLogix, Inc.

NanoLogix is an industry innovator in the research, development, and commercialization of biotechnologies, applications and processes. The Company has multiple Patents and Patents Pending for rapid medical testing, bioremediation, and Hydrogen Production utilizing bioreactor technology. Information on NanoLogix is available at http://www.nanologixinc.com .

This press release contains statements which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of NanoLogix, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

Contact:

Investor Relations

Carol Surrena

Telephone: 330-534-0800

E-mail: Carol@nanologixinc.com


'/>"/>
SOURCE NanoLogix, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Related biology technology :

1. NanoLogix Inc. to Present at The American Society for Microbiology (ASM) General Meeting in Boston; Announces Product Line and Provides Operations Update
2. NanoLogix Inc. Provides Financial Update, Appoints Bert Pharis as New Director
3. NanoLogix Inc. Presents at the National Hydrogen Association Conference & Provides Operations, Management and Director Update
4. National Public Radio (NPR) Features Broadcast Articles on NanoLogix Hydrogen Bioreactor Operation at Welchs Foods
5. NanoLogixs Hydrogen-From-Waste Technology at Welchs Foods Featured on Environmental Radio Program
6. NanoLogix, Inc. Makes Stock Pick List
7. NanoLogix Inc. Sets Date for Annual Shareholder Meeting and Provides Shareholder Update
8. NanoLogix Inc. to Present at EBW Expo & Conference 2007
9. NanoLogix Inc. Announces Historical First in Energy Generation With Bioreactor-Produced Hydrogen at Welchs
10. NanoLogix Inc. Appoints Director of IP and Makes Progress on Rapid Anthrax Detection
11. CryoLife Announces Management Promotions
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/23/2016)... Md. , June 23, 2016 A person ... from the crime scene to track the criminal down. ... the U.S. Food and Drug Administration (FDA) uses DNA evidence ... Sound far-fetched? It,s not. The FDA ... sequencing to support investigations of foodborne illnesses. Put as simply ...
(Date:6/23/2016)... , June, 23, 2016  The Biodesign Challenge ... envision new ways to harness living systems and biotechnology, ... Art (MoMA) in New York City ... 130 participating students, showcased projects at MoMA,s Celeste Bartos ... Paola Antonelli , MoMA,s senior curator of architecture and ...
(Date:6/23/2016)... ... , ... In a new case report published today in STEM CELLS Translational ... lymphedema after being treated for breast cancer benefitted from an injection of stem cells ... this debilitating, frequent side effect of cancer treatment. , Lymphedema refers to ...
(Date:6/23/2016)... NEW YORK , June 23, 2016 ... the trading session at 4,833.32, down 0.22%; the Dow Jones ... the S&P 500 closed at 2,085.45, down 0.17%. Stock-Callers.com has ... INFI ), Nektar Therapeutics (NASDAQ: NKTR ... BIND Therapeutics Inc. (NASDAQ: BIND ). Learn more ...
Breaking Biology Technology:
(Date:6/22/2016)... , June 22, 2016  The American College of Medical ... Show Executive Magazine as one of the fastest-growing trade ... 25-27 at the Bellagio in Las Vegas ... highest percentage of growth in each of the following categories: ... companies and number of attendees. The 2015 ACMG Annual Meeting ...
(Date:6/20/2016)... Securus Technologies, a leading provider of ... safety, investigation, corrections and monitoring announced that after ... secured the final acceptance by all three (3) ... Systems (MAS) installed. Furthermore, Securus will have contracts ... by October, 2016. MAS distinguishes between legitimate wireless ...
(Date:6/9/2016)... , June 9, 2016 ... Police deploy Teleste,s video security solution to ensure the safety ... France during the major tournament Teleste, ... communications systems and services, announced today that its video security ... to back up public safety across the country. ...
Breaking Biology News(10 mins):