Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

Home > Press > NanoSensors Signs Letter of Intent to Acquire Assets of DKL International

Abstract:
NanoSensors, Inc.(OTC Bulletin Board: NNSR), a nanotechnology development company that
develops instruments and sensors to detect explosives, chemical and biological agents announced today that it has entered into a non-binding letter of intent to acquire substantially all of the tangible and intangible assets of privately-held DKL International, Inc.

NanoSensors Signs Letter of Intent to Acquire Assets of DKL International

SANTA CLARA, CA | Posted on February 5th, 2007

DKL International is a leading provider of passive detection technology
and related products to the homeland security, defense, military, law
enforcement, security, safety, and rescue markets.
In a move to further strengthen its position in the sensor and
detection space; NanoSensors sought to identify a viable acquisition target
that met three key criteria: (1) proven sensor capabilities, (2) a viable
domestic and/or international distribution network and (3) an experienced
management team.
"After careful consideration, DKL International became an obvious
choice for our first acquisition," said Dr. Ted Wong, NanoSensors' Chairman
& CEO. "This acquisition will provide us with a portfolio of patents and
patent applications, revenue producing assets, infrastructure, and
strategic relationships that NanoSensors can leverage to achieve its
existing business objectives."
Dr. Wong said that the transaction is extremely positive for
NanoSensors because it will:
-- Move NanoSensors from a pre-revenue company to one generating revenue
-- Enable the Company to strengthen and expand its management team
-- Benefit both companies and assist us in penetrating more markets with
their life-saving technologies
-- Give the Company the opportunity to leverage a combined technology base
to develop, and deliver and support future products that save lives,
and
-- Provide NanoSensors with DKL International's experience in technology
and product development, business development and product introduction
into the worldwide markets.
"This transaction, with the financial and technical support from Ted
and his team, will allow us to significantly expand our operations," said
Howard Sidman, Chairman & CEO of DKL International. "To date the majority
of our sales have come from Asian markets, and this transaction will give
us the capability to expand our sales and marketing effort into the United
States."
The present terms of the Letter of Intent provide for NanoSensors to
pay a purchase price comprised of issuing common stock to DKL
International, assuming certain liabilities of DKL International, and
making commitments to provide additional capital at closing to fund the
operations of the Company. The completion of the transaction is subject to
numerous closing conditions, including the negotiation and execution of a
definitive acquisition agreement, the completion of due diligence by the
parties, the approval of the Board of Directors and shareholders of each
entity and several other conditions. If a final agreement is reached and
the other conditions satisfied, the transaction is expected to close during
the second quarter of 2007. However, as a result of the foregoing
uncertainties, there can be no assurance that a definitive agreement will
be executed or that, if it is, the transaction will be completed.

####

About NanoSensors, Inc.
NanoSensors, Inc. was incorporated in December, 2003 and is a
nanotechnology development company based in Santa Clara, California. The
Company's principal business is the development, manufacturing and
marketing of sensors and instruments to detect explosive (X), chemical (C)
and biological (B) agents ("XCB"), along with the management of
intellectual property derived there from that will enable NanoSensors to
create nanoscale devices.

ABOUT DKL International

DKL International, Inc. is a supplier of passive detection technology
and related products to the homeland security, defense, military, law
enforcement, security, safety, and rescue markets. Patented in eighteen
countries, DKL International adds SilentGuard to its initial product, the
DKL International LifeGuard(TM). The LifeGuard(TM) can locate and track a
standing adult at a distance of 500 meters in the open, and at shorter
ranges through concrete walls, steel bulkheads, brick, earthworks,
plastics, heavy foliage, water, and other barriers. The LifeGuard(TM) is
used in Asia and Europe for port security, mine safety, and by law
enforcement and search and rescue groups. SilentGuard is a silent and
passive electronic tripwire that detects only living humans. The
SilentGuard can be concealed in walls or doorways or buried underground,
and can reduce the false alarms associated with other sensor systems as
part of an integrated perimeter system for military, security or medical
use. SilentGuard expects to install its first production systems in the
spring of 2007.

Safe Harbor

This press release contains "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. These
forward-looking statements involve known and unknown risks, uncertainties
and other facts that could cause the actual future results of the Company
to be materially different from such forward looking statements. Closing of
the proposed transaction is subject to numerous conditions, including: (i)
negotiation and execution of a definitive acquisition agreement, as well as
ancillary agreements; (ii) completion of due diligence by the parties as to
their respective operations and financial condition; (iii) completion of
audited financial statements for DKL International. There can be no
assurance that the proposed transaction will be completed, or as completed
upon the terms as described above. These forward-looking statements are
made only as of the date hereof, and we disclaim any obligation to update
or revise the information contained in any such forward-looking statements,
whether as a result of new information, future events or otherwise.

For more information, please click here

Contacts:



NanoSensors, Inc.
1800 Wyatt Drive, Suite #2
Santa Clara , CA 95054
PH: 408.855.0051
FX: 408.855.0079

Copyright © PR Newswire Association LLC.

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

Investments/IPO's/Splits

Nanometrics Announces Upcoming Investor Events August 3rd, 2017

Nanometrics to Participate in the 9th Annual CEO Investor Summit 2017: Accredited investor and publishing research analyst event held concurrently with SEMICON West and Intersolar 2017 in San Francisco June 27th, 2017

180 Degree Capital Corp. Announces the Start of Kevin Rendino as Chairman and Chief Executive Officer and Completion of its Transition to a Registered Closed-End Fund March 31st, 2017

Harris & Harris Group Issues Its Financial Statements as of December 31, 2016, Posts Its Annual Shareholder Letter, And Will Host a Conference Call for Shareholders on Friday, March 17, 2017 March 15th, 2017

Sensors

Researchers printed graphene-like materials with inkjet August 17th, 2017

Sensing technology takes a quantum leap with RIT photonics research: Office of Naval Research funds levitated optomechanics project August 10th, 2017

Giant enhancement of electromagnetic waves revealed within small dielectric particles: Scientists have done for the first time direct measurements of giant electromagnetic fields July 8th, 2017

Bosch announces high-performance MEMS acceleration sensors for wearables June 27th, 2017

Announcements

The power of perovskite: OIST researchers improve perovskite-based technology in the entire energy cycle, from solar cells harnessing power to LED diodes to light the screens of future electronic devices and other lighting applications August 18th, 2017

Gold nanostars and immunotherapy vaccinate mice against cancer: New treatment cures, vaccinates mouse in small proof-of-concept study August 18th, 2017

Researchers printed graphene-like materials with inkjet August 17th, 2017

Candy cane supercapacitor could enable fast charging of mobile phones August 17th, 2017

Homeland Security

Two Scientists Receive Grants to Develop New Materials: Chad Mirkin and Monica Olvera de la Cruz recognized by Sherman Fairchild Foundation August 16th, 2017

Nanosensors on the alert for terrorist threats: Scientists interested in the prospects of gas sensors based on binary metal oxide nanocomposites November 5th, 2016

Nanobionic spinach plants can detect explosives: After sensing dangerous chemicals, the carbon-nanotube-enhanced plants send an alert November 2nd, 2016

Notre Dame researchers find transition point in semiconductor nanomaterials September 6th, 2016

Military

Freeze-dried foam soaks up carbon dioxide: Rice University scientists lead effort to make novel 3-D material August 16th, 2017

2-faced 2-D material is a first at Rice: Rice University materials scientists create flat sandwich of sulfur, molybdenum and selenium August 14th, 2017

Moving at the Speed of Light: University of Arizona selected for high-impact, industrial demonstration of new integrated photonic cryogenic datalink for focal plane arrays: Program is major milestone for AIM Photonics August 10th, 2017

Sensing technology takes a quantum leap with RIT photonics research: Office of Naval Research funds levitated optomechanics project August 10th, 2017

Acquisitions/Mergers/Splits

Bruker Announces Acquisition of Nanoindenting Leader Hysitron: Acquisition strengthens Brukerís leading position in nanoanalysis and nanomechanical materials characterization January 24th, 2017

GLOBALFOUNDRIES Completes Acquisition of IBM Microelectronics Business: Transaction adds differentiating technologies, world-class technologists, and intellectual property July 1st, 2015

Entest BioMedical, Inc. in Discussions to Acquire Nanotechnology Delivery System for Cancer Therapy June 3rd, 2015

Evident Thermoelectrics Acquires GMZ Energy: Investment Accelerates Launch Of Evident's Thermoelectric Modules For Waste Heat May 20th, 2015

NanoNews-Digest
The latest news from around the world, FREE



  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project