Advance Nanotech's Subsidiary Receives New Development Contract from Alphasense

Advance Nanotech, Inc. (OTCBB: AVNA) today announced that the Company's majority owned subsidiary, Owlstone Nanotech, Inc., has received a new development contract from Alphasense Ltd, a UK based leading independent gas sensor technology company. Alphasense supplies high quality oxygen, toxic and flammable sensors to many of the world's leading industrial OEMs and end users.

The development contract is the first of a FAIMs derivative technology developed by Owlstone called Advection Diffusion Spectrometry (ADS). ADS is applicable to a wide range of applications where target chemicals are known and size is relevant in deployment. The Owlstone ADS platform combines high sensitivity with mobility measurement in an extremely compact and efficient form factor. The development work with Alphasense centers on applications for a broad range of detection applications, including process monitoring of industrial feedstocks.

"Alphasense is a leader in the development and manufacture of sensors for industrial gas detection, stack gas analysers and environmental monitoring instruments," commented Bret Bader, CEO of Advance Nanotech. "This development contract leverages the additional technologies in Owlstone's IP portfolio, which will lead to superior gas detection applications."

John Saffell, Technology Director at Alphasense, commented, "Successful development of this new sensor technology will open a range of exciting commercial opportunities for Alphasense. We are very happy to be working with Owlstone in what should prove to be a mutually rewarding partnership."

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