Bio-Nano Sensium Technologies, a subsidiary of Advance Nanotech, Inc., (OTC
BB:AVNA.OB), today announced a limited beta test program of its wireless biosensor
system. Under terms of the program, beta-stage versions of Bio-Nano Sensium
(BNS) system will be available to potential partners and customers for evaluation.
Wireless biosensors are increasingly seen as a desirable treatment for a range
of chronic conditions including diabetes, cardiac conditions and asthma.
The BNS system is based on a ground-breaking low-cost,
disposable integrated sensor interface chip - the
Sensium - that, due to its ultra low power and very
small battery size, can be implanted in or worn on
the body with complete freedom of movement unlike
existing bulky monitoring solutions. The Sensium
is compatible with a wide range of sensors and can
be configured to detect vital signs such as ECG,
blood oxygen and glucose, body temperature, and even
motion and mobility. The BNS system is designed to
enhance the way doctors and patients monitor a host
of chronic illnesses, increasing the effectiveness
of available treatments and improving the quality
of life for patients.
The company's beta program serves a dual purpose.
For prospective customers, the program offers the
opportunity evaluate a working model of the BNS system.
For BNS and Advance Nanotech partners and system
integrators, the beta program provides a working
platform for obtaining configuration data, developing
control and calibration algorithms for bio-nano sensors,
and optimizing wireless operating protocols for specific
applications. Trials of the fully integrated BNS
system are planned for the second quarter of 2006.
"As BNS technology becomes commercially available
we anticipate a wide range of applications across
the healthcare industry. Some of these applications
will be developed by BNS and Advance Nanotech, others
will be developed in partnership with outside organizations," said
Stephanie Interbartolo, Senior Vice-President of
Business Development for Advance Nanotech. "We encourage
collaboration, and welcome the chance to demonstrate
the technology to potential partners."
Bio-Nano Sensium Technologies is a joint venture
between Advance Nanotech, Inc. and Toumaz Technology
Ltd., a UK-based developer of advanced radio frequency
(RF), analog and mixed signal semiconductors. The
BNS technology holds great promise for integration
in bio-nanosystems, where final product devices must
be small, low-power, possess on-board processing
capability and incorporate wireless communications.
About Toumaz Technology Ltd.
Toumaz Technology Limited is a developer of advanced
RF, analogue and mixed signal semiconductors. The
focus of the business is low power devices based
on the company's proprietary AMx(tm) (Advanced Mixed
Signal) technology which addresses the needs of lower
power consumption for mobile and wirelessly connected
systems.
About Advance Nanotech, Inc.
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 nearly 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.
This document contains forward-looking statements
by Advance Nanotech regarding its expectations as
to its business, and involves risks and uncertainties
and may constitute forward-looking statements within
the meaning of the Private Securities Litigation
Reform Act of 1995.
Such statements are based on management's current
expectations and are subject to a number of risks
and uncertainties that could cause actual results
to differ materially from those addressed in the
forward-looking statements.
Factors that may cause such a difference include,
but are not limited to, problems and risks associated
with developments in the nanotechnology industry
in general and in Advance Nanotech's products under
development in particular; the potential failure
of Advance Nanotech's products under development
to prove safe and effective in application; uncertainties
inherent in the early stage of Advance Nanotech's
products under development; failure to successfully
implement or complete research programmes; failure
to receive marketing clearance from regulatory agencies
for our products under development; acquisitions,
divestitures, mergers, licenses or strategic initiatives
that change Advance Nanotech's business, structure
or projections; the development of competing products;
uncertainties related to Advance Nanotech 's dependence
on third parties and partners; and those risks described
Advance Nanotech 's filings with the SEC. Advance
Nanotech disclaims any obligation to update these
forward-looking statements.
Further information about these and other relevant
risks and uncertainties may be found in the Advance
Nanotech's findings with the Securities and Exchange
Commission, all of which are available from the Commission
as well as other sources.
Public Relations:
Racepoint Group
RJ Bardsley, 781-487-4616
rbardsley@racepointgroup.com
or
Investor Relations Contact:
CEOCast
Cormac Glynn, 212-732-4300
cglynn@ceocast.com
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