NEW YORK , June 24 /PRNewswire-FirstCall/ -- Advance Nanotech, Inc., (OTC
Bulletin Board: AVNA), announced today that its Owlstone Nanotech, Inc.
("Owlstone") subsidiary has received an order from SELEX GALILEO totaling
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 closely 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."
About SELEX GALILEO
SELEX GALILEO is the brand adopted by Galileo Avionica SpA and SELEX Sensors and Airborne Systems Ltd, Finmeccanica companies, to present a common identity to the market. With the name SELEX GALILEO, the two companies employ over 7,000 people in the UK, Italy and the United States and represent a leading defence electronics supplier, providing world-class capabilities in surveillance, protection, tracking, targeting, navigation & control, and imaging systems. Further details can be obtained from our website www.selexgalileo.com .
About Advance Nanotech
Advance Nanotech is in the process of restructuring its business and
becoming an operating company focused on next generation chemical and
biological detection. Its proprietary technologies, developed at
About Owlstone Nanotech, Inc.