MONTREAL, CANADA -- (MARKET WIRE) -- March 15, 2007 -- 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, is pleased to announce that the Company is the recipient of the 2007 Frost & Sullivan North American Optical Imaging Device Product Innovation of the Year Award, for the SoftScan® optical breast imaging system. The award plaque was presented by Frost & Sullivan at the 2007 Excellence in Medical Devices Award Banquet, which was held on March 14 at the Grand Hyatt San Francisco.
