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Owlstone Nanotech Deploys Test Sensors with Leading Manufacturer of Fire Detection Equipment; Owlstone and Kidde to Test Sensor in Next Generation Fire Detection Systems


 

NEW YORK --(Business Wire)-- Nov. 4, 2005 -- Owlstone Nanotech, Inc., a pioneer in the commercialization of nanotechnology-based chemical detection products, today announced a beta testing program with Kidde, the global fire and safety group. The Owlstone Sensor, a nano-fabricated chemical detection system, will be tested for suitability in the next generation of its safety detection, prevention and protection systems. Owlstone Nanotech is a subsidiary of Advance Nanotech, Inc., (OTC BB:AVNA.OB - News). Kidde is part of UTC Fire & Security, a business unit of United Technologies Corp. (NYSE:UTX).

Owlstone is developing a revolutionary micro-machined gas sensor, which, with its associated electronics and software, provides what is in effect an analytical instrument on a chip, programmable for a range of analytes. The technology holds significant promise for the cost-effective detection of volatile organic compounds related to pre-combustion fire events and indoor air quality monitoring. These are currently very difficult to detect and differentiate in an inexpensive manner using existing chemical sensors.

"Our mission is to make the world a safer place. Owlstone is developing miniaturized chemical detection sensors that quickly and accurately identify trace elements of toxins, contaminants and chemical agents - something that may play an integral part in making the world safer," said Max Allsworth, senior research physicist, Kidde. "We are very excited to investigate how the Owlstone Sensor may help Kidde bring new functionality to its industry-leading set of fire detection products."

Owlstone Nanotech has used leading-edge micro- and nano- fabrication techniques to create a chemical detection system one hundred times smaller and a thousand times cheaper than existing technology. Owlstone Nanotech partners with market leaders to integrate its technology into a wide range of commercial applications to allow the efficient and accurate detection of various chemical agents including contaminants, chemical warfare agents and potentially harmful gases. This revolutionary technology will help to redefine chemical detection systems, opening the door to new and innovative products across a wide-range of industries.

"People trust Kidde to provide the most advanced systems for safety detection, prevention and protection; the company is dedicated to protecting people and assets from everyday hazards and danger," said Paul Boyle, president and co-founder, Owlstone Nanotech. "We believe that the Owlstone Sensor will enable Kidde to deliver an even more powerful generation of detection systems that alert people to fires, fumes and other dangers at the earliest possible moment, reducing the number of injuries and deaths caused by fires."

About Kidde

Kidde is part of UTC Fire & Security which is a $4.5 billion dollar business providing fire safety and security solutions to more than one million customers worldwide. Brand names in the UTC Fire & Security portfolio include Chubb, Kidde, Lenel, Onity and many others. The company is headquartered in Farmington Connecticut. UTC Fire & Security is a business unit of United Technologies Corp., which is based in Hartford, Conn. UTC provides high-technology products and services to the commercial building and the aerospace industries. For more information about UTC and UTCFS please visit www.utc.com.

About Owlstone Nanotech, Inc.

Owlstone Nanotech is a pioneer in the commercialization of nanotechnology-based chemical detection products. Its initial commercial product, The Owlstone Detector, is a revolutionary dime-sized device that can be programmed to detect a wide range of chemical agents that may be present in extremely small quantities. Using leading-edge micro- and nano- fabrication techniques, Owlstone has created a complete chemical detection system a hundred times smaller and a thousand times cheaper than existing technology. 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.

About Advance Nanotech, Inc.

Advance Nanotech Inc. is dedicated to ensuring nanotechnology discoveries reach maximum market potential through successful commercialization. Advance is the trusted guide to commercial success for nanotech entrepreneurs spanning the globe, partnering with leading universities to provide scientists and researchers with mission critical infrastructure support to transform their discoveries to marketable solutions. The organization provides a range of services and support including financing, leadership assets and counsel on intellectual property, licensing and regulatory issues. With a portfolio of 20 companies developing technologies which offer potentially breakthrough nanotechnology discoveries in the electronics, biopharma and materials sectors, Advance's goal is to transform the potential for nanotechnology discoveries into innovative products that further evolve existing industries and enable new markets.

This document contains forward-looking statements by Advance Nanotech regarding its expectations as to its business, and involves risks and uncertainties and may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

Such statements are based on management's current expectations and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those addressed in the forward-looking statements.

Factors that may cause such a difference include, but are not limited to, problems and risks associated with developments in the nanotechnology industry in general and in Advance Nanotech's products under development in particular; the potential failure of Advance Nanotech's products under development to prove safe and effective in application; uncertainties inherent in the early stage of Advance Nanotech's products under development; failure to successfully implement or complete research programmes; failure to receive marketing clearance from regulatory agencies for our products under development; acquisitions, divestitures, mergers, licenses or strategic initiatives that change Advance Nanotech's business, structure or projections; the development of competing products; uncertainties related to Advance Nanotech's dependence on third parties and partners; and those risks described Advance Nanotech's filings with the SEC. Advance Nanotech disclaims any obligation to update these forward-looking statements.

Further information about these and other relevant risks and uncertainties may be found in the Advance Nanotech's findings with the Securities and Exchange Commission, all of which are available from the Commission as well as other sources.

 

 

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This story has been adapted from a news release -
Diese Meldung basiert auf einer Pressemitteilung -
Deze tekst is gebaseerd op een nieuwsbericht -

 


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