Home > Press > Advance Nanotech Subsidiary Awarded SBIR Grant from National Science Foundation
Advance Nanotech, Inc., (OTC BB:AVNA.OB), the premier provider of financing and support services to drive the commercialization of nanotechnology related products for Homeland Security and Display technologies today announced that its subsidiary, Owlstone Nanotech, has been awarded a Small Business Innovation Research (SBIR) Phase I award of $99,080 from the National Science Foundation to develop an integrated field asymmetric ion mobility sensor for volatile organic compound (VOC) detection. The SBIR program is a highly competitive award program that provides support to small businesses to develop innovative technologies with significant commercial potential.
Advance Nanotech Subsidiary Awarded SBIR Grant from National Science Foundation
NEW YORK | Posted on February 6th, 2007
Many VOCs are either known or suspected to be hazardous to human health and are important constituents of both indoor and outdoor air pollution. The presence of VOCs can also be important early-warning signatures for fire prevention. For these reasons there is considerable interest in developing the ability to measure and monitor VOC levels in domestic and industrial environments but the technologies for detecting these compounds have lagged behind the market need. Owlstone will use the SBIR grant to employ the company's field asymmetric ion mobility spectrometry (FAIMS) technology in the development of a small, low-cost sensor suitable for air quality monitoring and early warning fire detection.
"Owlstone Nanotech has developed the most advanced and effective technologies for detecting airborne chemical hazards," said Bret Bader, CEO of Owlstone. "This SBIR award will enable us to explore new applications of our technology -- ones that will have an enormous positive impact on human health and safety and represent a critical leap forward in our quest to bring our technology into industrial and consumer applications."
Commenting on the award, Tony Goncalves, CEO of Advance Nanotech said, "It is encouraging that the United States government has recognized the power and potential of Owlstone's chemical detection system. This award represents a validation of the science behind Owlstone's revolutionary technology and opens up an exciting spectrum of commercial opportunities for the company."
Owlstone Nanotech is part of Advance Nanotech's Homeland Security Division which includes nanotechnologies providing solutions across two application areas: CBRNE (Chemical, Biological, Radiation, Nuclear and Explosive) and Wireless Monitoring for cognitive awareness, triage and first response therapy. This division launched its first product in early 2006, reported revenues for the year and has a customer base across the defense and industrial process control industries.
About Advance Nanotech
Advance Nanotech identifies patented, patent-pending and proprietary technologies at leading universities and funds the additional development of such technologies in exchange for the exclusive rights to commercialize any resulting products. Advance Nanotech has interests in over 20 nanotechnologies. In August 2006, the company completed a strategic realignment of its portfolio to more aptly leverage the strengths of the portfolio to provide the greatest value to shareholders. The Company currently possesses a critical mass of technologies in two core areas of activity; Homeland Security and Displays.
By partnering with universities and leveraging the infrastructure and multi-disciplinary human resources of our university partners, we reduce our cost base and mitigate risk. After prototypes are proven within the lab and we develop a product roadmap and business plan, we form majority owned subsidiaries around the specific technology. We seek to return value to our shareholders through the sale or licensing of the technology, by securing additional financing for the subsidiary from either the venture capital community or the capital markets, or by successfully executing our business plan and consolidating its income as the majority shareholder.
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 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.
For more information, please click here
Advance Nanotech, Inc.
Tom Black, 212-583-0080
Copyright © Business Wire
If you have a comment, please Contact
Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.
Colored diamonds are a superconductor’s best friend March 6th, 2014
Nanotracer tester tells about wells: Rice University lab builds rig to evaluate oil, gas wells in fracturing operations February 24th, 2014
Researchers Control Amount of Food Dyes Used in Food, Beverage Using Nanotubes February 23rd, 2014
Leti CEO Laurent Malier to Discuss Technologies that Are Enabling The Internet of Things at Leti Days Grenoble 2014, June 25-26 February 20th, 2014
A bright future for optoelectronics: A diode made from a 2D material facilitates novel solar cells March 10th, 2014
Scientists build thinnest-possible LEDs to be stronger, more energy efficient March 10th, 2014
Two-dimensional material shows promise for optoelectronics: Team creates LEDs, photovoltaic cells, and light detectors using novel 1-molecule-thick material March 10th, 2014
Toxicity of Commonly-Used Nanoparticles on Human Body Studied in Iran March 9th, 2014
Colored diamonds are a superconductor’s best friend March 6th, 2014
Dartmouth researchers develop molecular switch that changes liquid crystal colors: Nanotechnology tool may help in in detecting harmful gases, pathogens, explosives August 26th, 2013
Flawed Diamonds Promise Sensory Perfection: Berkeley Lab researchers and their colleagues extend electron spin in diamond for incredibly tiny magnetic detectors May 10th, 2013
Secret of the Crystal's Corners: New Nanowire Structure Has Potential to Increase Semiconductor Applications: University of Cincinnati research describes discovery of a new structure that is a fundamental game changer in the physics of semiconductor nanowires April 23rd, 2013
Google Glass could help stop emerging public health threats around the world February 27th, 2014
Caps not the culprit in nanotube chirality: Rice University study narrows the possibilities for gaining control of nanotube type February 17th, 2014
Rice's carbon nanotube fibers outperform copper: Tests show bundles beat traditional cables for transmitting electricity February 14th, 2014
Clever NIST/JPL technology decodes more information from single photons February 12th, 2014
Take Your Best Shot! JEOL Launches SEM/TEM Image Contest March 6th, 2014
Got Images? Win an iPad with Your Best Asylum Research AFM Images March 5th, 2014
How 19th Century Physics Could Change the Future of Nanotechnology: University of Cincinnati physics researchers have developed a new way of using an old technique that could help build better nanotechnology March 5th, 2014
First Look at How Individual Staphylococcus Cells Adhere to Nanostructures Could Lead to New Ways to Thwart Infections: Berkeley Lab-led research could guide the development of bacteria-resistant materials March 5th, 2014