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Posted in | Nanobusiness

Owlstone Nanotech Secures Additional Funding for Government Contract

Published on September 18, 2010 at 12:59 AM

Advance Nanotech, Inc. (OTCBB: AVNA) is pleased to announce that Owlstone Nanotech Inc. ("Owlstone") has been awarded an additional $240,000 in funding under its existing and previously announced contract with a US government agency, bringing the total funding under the contract to over $4.1 million.

The purpose of the contract add on is to provide funding for third party testing of Owlstone's Miniaturized Chemical Detector (MCD), along with requisite data analysis and dissemination of results to interested organizations within government agencies.

"We are pleased with Owlstone's continued progress under its contract with the US Government, with the ultimate goal of providing a much needed chemical sensing solution for use across multiple government agencies and programs," commented Jon Buttles, Principal Executive Officer of Advance Nanotech.

Source: http://www.advancenanotech.com/

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