NEW YORK, Oct. 11 /PRNewswire-FirstCall/ -- Advance Nanotech, Inc., (OTC Bulletin Board: AVNA), a leading provider of financing and support services to drive the commercialization of nanotechnology related products for homeland security and display technologies, today announced that its Owlstone Nanotech subsidiary has received registration to ISO 9001.
Certification was awarded in recognition of Owlstone's compliance with quality process standards and effective quality management systems in the design and manufacture of chemical detection products. The purpose of the standard is to create, maintain and improve a Quality Management System (QMS), which profitably satisfies customers and ensures compliance with all relevant statutory requirements now and in the future.
"Our product quality represents a key factor in its effectiveness when deployed in any particular environment. Achieving this certification clearly demonstrates the seriousness with which we take issues concerning product consistency and reliability," said Bret Bader , CEO of Owlstone Nanotech, Inc.
Commenting on the accreditation, Tony Goncalves , CEO of Advance Nanotech, Inc., said, "This is a very significant milestone resulting from many months of effort for which we thank our UK team in Cambridge and US team in New Jersey. The timing of this accreditation could not be better given that Owlstone recently launched its Lonestar product line primarily targeted to the industrial process control market."
More product information, pictures and technical specifications on the Lonestar product line can be found at Owlstone's updated website: http://www.owlstonenanotech.com
ISO 9001 applies to industries involved in the design and development, manufacturing, installation, and servicing of products. The standard is internationally recognized standard for running a business and provides a framework for managing and improving an organization's performance. ISO 9001 applies uniformly to companies in any industry and of any size. ISO9000 was adopted by the International Organization for Standardization in 1987 and was influenced by existing U.S. and other Defense Standards, and, consequently, was well-suited to manufacturing high-tech products such as munitions and other defense related equipment.
About Advance Nanotech, Inc.
Advance Nanotech has interests in a portfolio of nanotechnologies which are grouped into two operating subsidiaries: Advance Display Technologies PLC, which is listed on the PLUS-Quoted market in London (ADTP) and Advance Homeland Security. Advance Nanotech partners with leading universities in order to leverage existing infrastructure and multi-disciplinary human resources as a cost effective way of developing novel nanotechnologies. Across the two divisions, Advance Nanotech subsidiaries and investments have four products at market with a client base which includes leading, global corporations, U.S. and U.K. governments and their agencies and academia. Advance Nanotech is head-quartered in New York City with its portfolio operating in the U.S., U.K., Italy and Singapore . For more information on Advance Nanotech, please visit www.advancenanotech.com.
About Owlstone Nanotech, Inc.
Owlstone Nanotech is a pioneer in the commercialization of nanotechnology- based chemical detection products. Its initial commercial product is a revolutionary microchip spectrometer that can be programmed to detect a wide range of chemical agents that may be present in extremely small quantities. There are numerous applications -- across industries from security and defense to automotive and healthcare -- that depend on the rapid, accurate detection and measurement of chemical compounds. Owlstone works with market leaders within these applications to integrate the detector into next generation chemical sensing products and solutions. Owlstone's technology offers a unique combination of benefits, including small size, low manufacturing costs, minimal power consumption, reduced false-positives, and a customizable platform. For more information on Owlstone Nanotech, please visit www.owlstonenanotech.com.
Safe Harbor statement: This news release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based upon our current expectations and speak only as of the date hereof. Our actual results may differ materially and adversely from those expressed in any forward- looking statements as a result of various factors and uncertainties, including the benefits of ISO9001:2000 certification, market acceptance of the Lonestar product line, the recent economic slowdown affecting technology companies, the future success of our scientific studies, our ability to successfully develop products, rapid technological change in our markets, changes in demand for our future products, legislative, regulatory and competitive developments and general economic conditions. Our Annual Report on Form 10-K and 10-K/A, recent and forthcoming Quarterly Reports on Form 10-Q and 10-Q/A, recent Current Reports and other SEC filings discuss some of the important risk factors that may affect our business, results of operations and financial condition. We undertake no obligation to revise or update publicly any forward-looking statements for any reason.
SOURCE Advance Nanotech, Inc.
