Advance Nanotech, Inc., today announced that the Company's majority owned
Nanotech, Inc., was awarded a multiple unit contract for its Lonestar environmental
monitoring sensor from a U.S. based commercial entity. This sale represents
Owlstone's first-ever field deployment of sensors for environmental monitoring.
The initial order totaling approximately $180,000 is expected to be shipped
within the next 30 days. Due to the nature of the application for which the
sensors are intended, the Company is not authorized to provide any further information
on the purchasing entity.
Commenting on the contract, Bret Bader, CEO of Advance Nanotech, said, "This
order marks our entry into environmental monitoring, a very large market, similar
in size to the homeland defense and industrial process controls verticals for
which we recently launched applications. The versatility of our Lonestar gas
and chemical monitor has enabled us to develop multi-market applications. The
Owlstone technology was chosen for its superior real-time, advanced detection
capabilities that are able to identify chemicals such as chlorine, ammonia and
other toxic industrial chemicals in the parts per million and parts per billion
ranges. Lonestar, the first commercial product embedding the Owlstone technology,
is unique, ensuring a high level of sensitivity, selectivity while delivering
the ability to be easily reprogrammed."