Inc., announced today that its Owlstone Nanotech, Inc. subsidiary has received
an order from SELEX GALILEO totaling $629,000. SELEX GALILEO, a Finmeccanica
company and one of Europe's foremost Aerospace and Defense organizations, is
a leader in surveillance, protection, tracking, targeting, navigation + control
and imaging systems. This contract marks the third order in 18 months from SELEX
GALILEO. Owlstone is expected to complete the contract delivery under this new
contract by December 2008.
The order from SELEX GALILEO requires Owlstone to further the development of
its miniature chemical detection technology to meet specific Homeland
Defense requirements. Through the development of a fully integrated chemical
detection prototype, in combination with the addition of an explosive
detection system capability, this advanced work-program builds on the
co-development of NEXSENSE C initiated with SELEX GALILEO in 2007.
"We are delighted to be embarking in further co-development with SELEX
GALILEO, one of the UK's premier government contractors," said Bret Bader,
CEO of Owlstone. "This follow on order will serve to accelerate our efforts
toward commercialization and further solidifies our collaboration with this
established partner as we address the burgeoning opportunities for the
Owlstone sensor in the homeland defense and military markets."
In response, Michaela Clarke, Capability Manager Security & Surveillance
Systems at SELEX GALILEO said, "We have been working closely with Owlstone
and other sensor manufacturers to forward technological capabilities in
chemical, biological, radiological and nuclear (CBRN) detection. Owlstone
was selected for their key technical expertise in chemical detection
utilizing their micro-fabricated FAMIS (Field-Asymmetric Ion Mobility
Spectrometry) technology." Ms. Clarke went on to comment, "Working
with Owlstone towards a mutually beneficial goal will help form key
alliances to pursue mid-term business and provide a route to developing
market leading products for the future."