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Owlstone Nanotech Receives Development Contract from Crowcon

Published on April 21, 2009 at 8:30 AM

Advance Nanotech, Inc. (OTCBB: AVNA) today announced that the Company's majority owned subsidiary, Owlstone Nanotech, Inc., has received a development contract from Crowcon. Crowcon Detection Instruments Ltd, based in the United Kingdom, specializes in developing, manufacturing and marketing innovative, reliable and cost-effective flammable and toxic gas detection equipment. Crowcon, founded in 1970, is a leader in the fields of safety and environmental monitoring.

The contract will take Owlstone's Lonestar detection platform and integrate it into Crowcon's PGSi Programmable Sampling System, a highly versatile system that can monitor up to 32 sample lines sequentially. The PGSi is used in applications for which a wide area detection is required, such as building protection and brewery monitoring. The integration of Lonestar adds a broad band detection capability that will allow the combined unit to be sold into a wider range of industrial applications.

"We are pleased to announce this development contract with Crowcon, who has been a long time partner and believer in our technology," commented Bret Bader, CEO of Advance Nanotech. "This latest contract provides further commercial validation of the broad applicability of the Owlstone technology, as both a stand alone solution as well as an enhancement to existing systems. With superior detection being the driver, we are able to open up new markets for Advance Nanotech and its partners, as demonstrated by this contract with Crowcon."

Stefan Kukula, Technology Director at Crowcon, said, "We have successfully sold our PGSi in a number of industries. The addition of Lonestar to this platform will open up the application space for our sales team to pursue." Dr Kukula went on to comment, "We have been evaluating Owlstone's FAIMS technology and Lonestar platform and think it represents a significant improvement in detection capability compared with conventional sensors."

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