ART Advanced Research Technologies Inc. Receives Genesis Award for Entrepreneurship in Health Technology at BIOMEDEX Conference

MONTREAL, CANADA -- (MARKET WIRE) -- March 30, 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 proud to announce it has received the Health Technology Entrepreneurship Award at the 7th edition of the Genesis Awards Gala held yesterday as part of the BIOMEDEX 2007 conference-exhibition. The Gala pays tribute to the people and companies that have played a crucial role in the growth of Quebec's biotechnology, health technology and life sciences industries. This is the second time that ART has been honoured by this award, which was previously presented to the Company in 2004.