CARLSBAD, CA--(Marketwire - January 07, 2010) -
Applied Nanoscience Inc. (ANI) (PINKSHEETS: APNN
), a nanotechnology-based filtration company, today issued a progress
update to its investors on a broad array of company efforts, including
continued advances toward producing the disposable NanoFense™
Protective Face Mask, designed to offer superior protection against a broad
spectrum of harmful virus, bacteria and fungi.
Applied Nanoscience Inc. has completed initial efforts to coat rolls of
filter media specified by their Asia Pacific mask partner at an
unidentified coating company in the region. This now has accelerated the
timeline for supplying the specified hydrophobic media pre-coated with the
company's NanoFense formulation, a proprietary antimicrobial nanoparticle
filter coating developed by ANI. "This advancement successfully
demonstrates a critical internal control which will further protect the
company's significant Intellectual Property investment and is a clear
indication that ANI is nearing the point of having the ability to supply
coated filter media incorporating our technology. This represents the
accomplishment of a previously unforeseen security step in the company's
role of providing our independently verified technology in a practical and
dersirable form," stated Thomas K. Allen, President and CEO - ANI. He is
scheduled to leave again for Asia in late January 2010 with the goal of
finalizing these efforts.
ANI has also initiated testing efforts at two additional laboratories
relating to broadening product claims and new patent application(s). Both
testing projects are scheduled for completion by the end of January 2010.
In addition, ANI continues to stay focused on U.S. patent efforts tied to
its NanoFense formulation as well as the NEFT™ platform.
The revolutionary disposable NanoFense Protective Face Mask will be made
available as soon as possible in an effort to help protect people in some
of the most heavily populated parts of the world. The company anticipates
the reporting of related revenues during the first quarter of 2010. It will
be sold in many of the countries where ANI has issued patents protecting
their broad NEFT platform. The patent coverage includes three main methods
of associating nanoparticles with filter media: (1) coating the filter
media with a powder of nanoparticles, (2) impregnating the nanoparticles
into the filter media, and (3) having pellets of nanoparticles located
adjacent to the filter media.
ANI is a marketer, developer and manufacturer 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 customer and industrial market segments geared to
reducing the transmission of infectious pathogens. The NanoFense
formulation can be applied to virtually any existing filter media in order
to produce air filtration products which can offer broad protection against
virus, bacteria and fungi.
For more information on the Company please visit:
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 and other factors affecting such forward-looking
information. The actual future plans and results of the Company could
differ significantly from such forward-looking statements.