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MSGI Technology Solutions, Inc. (OTCBB: MSGI), a provider of proprietary solutions to commercial and government organizations, today provided a science and technology update to its investors.
As part of MSGI Space Act Agreements with NASA, a revolutionary handheld diagnostic device has been developed with medical and environmental testing applications. This research has been conducted with support from the US Dept of Homeland Security, US Department of Defense and MSGI using breakthroughs in nanotechnology and chemical sensing. The new device plugs directly into an iPhone and can collect and analyze chemical data in real time. The device senses chemicals in the air using a "sample jet" and a multi-channel silicon-based sensing chip with a variety of nanomaterials. The device consists of 256 nanosensors on the chip and uses a pattern recognition algorithm to identify the "finger print" of the analyte of interest. The sensing device effectively learns the response pattern from changes in resistance correlated to concentration levels of certain target chemicals and gases.
Within the medical diagnostic field, the sensor will extract and test breath for a variety of biomarkers indicating various stages of a life threatening disease. The first such chemical sensor will be used as a non-invasive bloodless test for Diabetes, which has become the number one cause of death in many nations. Environmental diagnostic applications include testing the air in a burning building for levels of carbon monoxide and other dangerous or toxic gases, including attempts of bio-terrorism.
As part of MSGI Space Act Agreements with NASA, scientists have developed an improved solar cell array. The research has been based on building nanotube pillar arrays on top of metal substrates. Scientists have been growing carbon nanotubes for the light trapping structure which will minimize reflected light. The nanostructures increased surface to volume ratio improves the light trapping effect. Computational models have helped optimize the shape of the light trapping structures shown below, which will significantly improve the conversion efficiency of the photovoltaic systems using the technology. The new prototypes have been dubbed "3D Solar Cells." Simply put, by capturing more sunlight you improve efficiency and produce more electricity.
Half of America's electricity is produced by coal-fired power plants. According to the BP Statistical Review of World Energy, the United States has the largest coal reserves in the world. Based on the current rate of consumption, our coal reserves will last for another 160 years, thus making renewable energy vital to our energy needs for the future. Additional benefits of Solar Energy include reducing our significant dependency on foreign oil as well as our carbon footprint.
Jeremy Barbera, CEO of MSGI Technology Solutions, commented, "Alongside our NASA partners, we have been making great technological strides in the areas of chemical sensing and solar energy. Our innovative technology has the ability to improve many facets of society including homeland security, environmental testing, diagnostic testing, energy conservation and much more. We are pleased to provide this update to our shareholders and look forward to updating again in the near future."
About MSGI Technology Solutions, Inc.
MSGI Technology Solutions, Inc. (OTCBB: MSGI) is a provider of proprietary solutions to commercial and government organizations. We are developing a combination of innovative emerging businesses that commercialize best of breed technology. The Company is based in New York and Silicon Valley. MSGI has executed several Space Act Agreements with The National Aeronautics and Space Administration ("NASA") forming a partnership between MSGI and the NASA Ames Research Center for the purpose of research and development, technology transfer and near-term commercialization of NASA inventions.
The information contained in this news release, other than historical information, consists of forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors, including general economic conditions, spending levels and other factors could cause actual results to differ materially from the Company's expectations.
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