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NEW
YORK, Jan. 25, 2005 (PRIMEZONE) -- Advance Nanotech,
Inc. (OTC BB:AVNA.OB - News) today announces that
its subsidiary, Owlstone Limited, has expanded its
development team with the recruitment of two UK Government
scientists, Russell Parris and Martyn Rush. Their
experience and expertise in the field of chemical
and explosive analysis will prove invaluable to Owlstone
and the development of its nanofabricated threat detection
technology.
Russell and Martyn both left
the UK Defense Science Technology Laboratory (DSTL)
to join the Owlstone team. The DSTL is the centre
of scientific excellence for the UK Ministry of Defense
(MOD), and its 3,000 strong workforce delivers world
class defense research. Russell and Martyn both worked
in the Detection Department and specifically the Explosive
Detection Group (EDG).
``We are pushing the technology
envelope in threat detection and to do that you need
experts with cutting edge expertise. We are very happy
and excited to welcome Russ and Martyn to the team
and see them as a crucial element in helping us successfully
develop the chemistry behind the applications in a
range of market opportunities'', say Billy Boyle,
one of the Cofounders of Owlstone.
At the DSTL, Russell worked
in a multidisciplinary team where he carried out development
and implementation of explosive sampling and analysis
methodologies. Additionally he assisted the canine
team with quantation and analysis of various training
aids.
``The Owlstone technology has
outstanding potential in a wide range of detection
scenarios and I'm looking forward to being involved
in exciting times ahead,'' comments Russ.
Martyn explains, ``while at
the DSTL I gained a broad understanding of past, present
and future technologies for the detection of explosives.
I now have an understanding of the MoD and rest of
the world's requirements for explosive detectors and
operating procedures, procurement and testing protocols.
I was also involved in fundamental research looking
at explosive vapor, where I got an intimate understanding
of the chemistry of explosives in particular the improvised,
or internet (homemade), explosives such as HMTD (hexamethylenetriperoxidediamine)
and TATP (triacetone triperoxide). Improvised explosive
devices (IEDs) are still killing US troops in Iraq.''
Owlstone is also in the process
of recruiting Product Engineers to accelerate the
commercialization of its core technology.
About Owlstone Ltd.
Owlstone is developing a chemical
detection technology using cutting-edge micro and
nanofabrication technologies, making it a hundred
times smaller and thousand times cheaper than the
existing market leading products. Owlstone has a vision
of installing a threat detection system in trains,
airports, financial institutes, government buildings,
and indeed, anywhere at threat from chemical or explosive
attack.
About Advance Nanotech Inc.
Advance Nanotech, Inc. (``Advance'')
commercializes innovative nanotechnology. Operating
in three areas, electronics, biopharma and materials,
Advance leverages relationships with financial and
development resources to enable a product focused
fast-track commercialization of nanotechnology. Advance
has established relationships with academic institutions
throughout the world that are at the forefront of
nanotechnology research and development. Advance's
objective is to invest in patented innovation to bridge
early stage product development with valuable markets.
Contact:
Advance Nanotech, Inc. -- New York
Liza Mullins
(646) 723 8962
liza.mullins@advancenanotech.com
Advance Nanotech, Inc. --
London
Charlotte Ramelli
+44 (0) 207 451 2466
charlotte.ramelli@advancenanotech.com
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