Singapore, October 31 st , 2005 – Singular ID Pte. Ltd., the brand protection solution provider, announced today that it has received a major order for its brand protection system from Sanden International (Singapore) Pte. Ltd. (SIS), a leading multinational component manufacturer in the automotive industry.

Singular ID has developed an integrated system to prevent both counterfeiting and product diversion, a key component of which are tags containing micro- and nanometer sized magnetic features that are prohibitively difficult to fake and so confer a unique identity to an item on which they are attached. These tags are authenticated using proprietary scanners that make a connection back to a remote and secure database.

“Those who have been following our progress will see that this an important culmination of a flurry activity; in the last few months we have raised venture capital finance, demonstrated the authentication of our tags remotely from three continents, and executed several important agreements to enable components of our system to be manufactured on a commercial scale”, states Dr Adrian Burden, Chief Executive Officer of Singular ID. “Despite being a nanotechnology-based company, we have always emphasized the importance of an order book that generates revenue and provides traction in the market place. We believe that today's announcement is a very significant achievement for our team.”

Although Singular ID and SIS will not be drawn on the details of the contract, the fact that SIS is a major manufacturer lends significant credibility to the solution being provided. Moreover, there is significant scalability from this key account with a number of other product models manufactured and distributed across the world being suitable for tagging in the future.

“The automotive and aerospace industry is an important sector for us because the problem of counterfeit goods is on the increase and there are few brand protection solutions that are suitable. For example, RFID technology can tighten the supply chain and provide a hurdle to counterfeiters, but it remains fairly expensive and has issues with operating in metallic environments. Other marking technologies such as shot-peening and laser etching can generate two-dimensional barcodes, but these are relatively easy to reproduce once you have invested in the capital equipment”, comments Dr Peter Moran, Singular ID's Chief Technology Officer.

Singular ID has already worked closely with SIS to understand the specific requirements of the system and how to seamlessly implement the solution into the production line. This is a key aspect of Singular ID's offering; being able to tailor the system for a particular range of products and take into account the nuances of the manufacturing processes, the distribution network, and the consumer profile.

Magnus Gittins, Chief Executive Officer of Advance Nanotech, Inc (OTC BB:AVNA.OB), a key investor in Singular ID, adds, “Singular ID has made significant progress in all areas of their business. This order shows how quickly a focused start-up company can bring its ideas to market, and we believe, offers strong validation of Advance Nanotech's investment strategy.”

The new system will be delivered and rolled out during the second quarter of 2006, coinciding with the scheduled launch of Singular ID's evaluation kit.

About Singular ID Pte. Ltd.

(Website: www.singular-id.com ; E-mail: info@singular-id.com )

Head-quartered in Singapore, Singular ID is a nanotechnology spin-off company that was founded to commercialise magnetic tagging technology. With a mission to safeguard customers' interests by providing integrated tagging solutions that protect people, brands, corporate images and market share, Singular ID aims to be the leading solution provider for tracing and authenticating items of value. To achieve this, Singular ID works closely with its clients to tailor its technology to meet specific customer requirements. This may involve undertaking pilot projects where beneficial. For companies who wish to understand more about nanotechnology and the applicability of different brand protection technologies, Singular ID also offers a consultancy service to evaluate the options and create a roadmap for their implementation. Singular ID has licensed core technology from the Agency for Science Technology and Research (A*STAR), Singapore.

About Sanden International (Singapore) Pte. Ltd.

(Website: www.sanden.com.sg )

Sanden International (Singapore) Pte Ltd (SIS) is a wholly owned subsidiary of Sanden Corporation, Japan. The company started as a Regional Marketing Office in 1974 before becoming an independent subsidiary in 1977. SIS has since grown into a multi-faceted manufacturing, engineering, marketing and distribution organization, exporting to more than 30 countries, with annual sales of about S$230 million. The Singapore operation has become one of the four strategic pillars along-side Japan, America and Europe in the corporation.

About Advance Nanotech, Inc.

(Website: www.advancenanotech.com )

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.

Public Relations

Dr Adrian P. Burden