ART Advanced Research Technologies Inc. Announces 2005 Third Quarter Financial Results

Reports revenues of US$ 1,122,000 for the quarter, up by 48% compared to the same quarter a year ago, for a total of US$ 2.9 million in sales recorded so far this year ART Advanced Research Technologies Inc. (ART) (TSX:ARA), a Canadian medical device company and a leader in optical molecular imaging products for the healthcare and pharmaceutical industries, today announces its financial results for the third quarter ended September 30, 2005. All dollar amounts referenced herein are in US dollars, unless otherwise stated.