Advance Nanotech, Inc. (OTCBB: AVNA) today reported that Owlstone Nanotech, Inc. ("Owlstone") has received an order for application development work from a global food processing company.
The order consists of a work program based off of Owlstone's successful preliminary testing for a specific need within the organization's manufacturing process work.
"While the details available are limited on this contract win, we are pleased to see certain pilot projects in pursuit by Owlstone move into the next phase," commented Jon Buttles, Principal Executive Officer of Advance Nanotech, Inc. "In Owlstone's shareholder letter from April 5, 2010, Owlstone mentioned several programs underway for its Lonestar product for industrial process control applications. We are thrilled that Owlstone is executing on these programs targeted at applications with high volume deployments with high profile customers, clearly demonstrating the superior detection characteristics of Owlstone's technology and its relevance in industrial process control applications."
Owlstone's Lonestar product is a new generation of analytical instrumentation using Owlstone's proprietary and established FAIMS (Field Asymmetric Ion Mobility Spectrometry) technology. Lonestar can be trained to respond to a broad range of chemical scenarios and is easily integrated with other sensors and third party systems. Lonestar outperforms conventional instruments in the critical areas of response speed, sensitivity, versatility, power consumption, size and weight. The robust solid state FAIMS chip at the heart of the Lonestar instrument is capable of the detection of chemical agents in concentrations as low as a few parts per billion, making Lonestar ideally suited to a wide variety of applications ranging from online process monitoring to laboratory based research and development.