CARLSBAD, CA--(Marketwire - August 19, 2009) -
Applied Nanoscience Inc. (ANI) (PINKSHEETS: APNN
), a nanotechnology-based filtration development company, today
announced it has reached a joint venture agreement to begin production on a
disposable protective face mask with its Asia Pacific region partner. The
protective mask will incorporate ANI's proprietary NanoFense technology, a
U.S. patent pending antimicrobial nanoparticle formulation. When tested as
a "coating" on disposable face masks, it has been validated to be effective
against a broad spectrum of virus and bacteria by multiple independent BSL-
3 laboratories in the United States.
ANI will be testing the NanoFense formulation against H1N1 but with the
mask already proven to eradicate three influenza strains to include avian
influenza, the company expects to see similarly high efficacy.
The companies have clearly defined the commercial relationship required and
to be implemented in the execution of a product launch to non-U.S. markets
for the NanoFense Protective Face Mask. Initial production will be 30,000
masks/day with the capability of increasing up to 90,000 masks/day on newly
installed automatic equipment which operates 7 days a week. ANI will
supply the NanoFense formulation premixed under their label.
"We are very encouraged at the progress made with our new partner on this
important project. They have requested anonymity until all formal product
launch efforts are in place with customer support being our collective #1
priority. Their established customer base and solid reputation in the
surgical/protective mask markets throughout the Asia Pacific region and
Europe requires appropriate planning, especially at a time when people are
in such need for a product to protect themselves and their families,"
stated Thomas K. Allen, President and CEO, ANI.
The NanoFense Protective Face Mask will be sold in many of the countries
where ANI has issued patents protecting their broad NEFT IP platform
encompassing "Filtering Devices Incorporating Nanoparticles." The growing
technology platform combines any type of nanoparticle that is known or
engineered to be capable of destroying viruses, bacteria, fungi or toxins
with one or more hydrophobic or hydrophilic filters. 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.
Mr. Allen added, "Applied Nanoscience Inc. anticipates the reporting of
commercial revenues as early as Q4 of 2009, a milestone for the efforts
over the past 4+ years of technology development. In addition, we have
significant interest in the technology from very established building
filtration manufacturers which have had to be held to ensure the timely
launch of the NanoFense Protective Face Mask."
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.