CARLSBAD, CA--(Marketwire - June 18, 2009) -
Applied Nanoscience Inc. (ANI) (PINKSHEETS:
APNN), a nanotechnology-based filtration development company, today
announced it has reached an agreement to collaborate on a
surgical/protective mask application of the Company's NEFT™ platform with a
medical disposables company in the Asia Pacific region. Both companies
intend to clearly define the commercial relationship required and to be
implemented as part of the formal license agreement. The licensure of ANI's
broad IP platform encompassing "Filtering Devices Incorporating
Nanoparticles," will be combined with a separate license of ANI's
NanoFense™ formulation, a proprietary antimicrobial nanoparticle "coating"
which can be applied to virtually any existing filter media.
"We are very excited at the potential of having an established leader and
partner in this important market segment," said Thomas K. Allen, President
and CEO, ANI. "ANI has invested significant time and resources to develop
and independently validate our air filter coating technology against a
broad spectrum of virus, bacteria and fungi. We are confident that this
prospective new partner has the established customer base and reputation to
fully exploit the medical and general population markets for a product
designed to protect people at a time when stopping the transmission of
harmful disease is at the forefront. The product will likely be sold under
their company name in many of the countries where ANI has issued patents
covering our broad NEFT platform technology. It will likely retain the
NanoFense brand and a reference to ANI. This allows us the opportunity to
brand our technology and corporate name in key countries while the product
benefits from their company's strong name recognition. The name of the
partner company will be released just prior to the release of the product
for sale."
Mr. Allen continued, "Additionally, we intend to provide them the NanoFense
components premixed under our own label which they will then use to make
their products. It is a very desirable arrangement in a market that
provides Applied Nanoscience Inc. with substantial additional revenue
opportunities." NanoFense is currently patent pending in the United States.
About ANI
ANI is a marketer and developer of innovative nanotechnology-based air
filtration products specifically targeted to eradicate bacteria, virus and
fungi and is the owner of NEFT (Nanoparticle - Enhanced - Filtration -
Technology), a broad platform with significant application potential in
consumer and industrial market segments geared to reducing the transmission
of infectious pathogens.
Safe Harbor Statement
This release may contain statements that are forward-looking. Such
statements are made based upon current expectations that are subject to
risk and uncertainty. ANI does not undertake to update forward-looking
statements in this news release to reflect actual results of and changes in
assumptions or changes in other factors affecting such forward-looking
information. The actual future plans and results of the company could
differ significantly from such forward-looking statements.
