Advance Nanotech, Inc. (OTCBB: AVNA) is pleased to announce that Owlstone Nanotech Inc. ("Owlstone") has been awarded an additional $200,000 in funding under its existing and previously announced contract with a US government agency.
The contract modification provides additional resources for the continued miniaturization of the surrounding electronics employed in Owlstone's chemical detection solution.
"We are pleased with Owlstone's continued progress with the US government on developing a next generation chemical detection solution that fits the strict requirements of the US government," commented Jon Buttles, CEO of Advance Nanotech, Inc. "This contract addition, along with last week's UK Ministry of Defence announcement, provides further validation of the support and potential of Owlstone within government organizations to provide novel chemical detection solutions that are relevant for today's challenging deployment scenarios."
Source: http://www.owlstonenanotech.com