NanoSensors Signs License Agreement with Pohang University

SANTA CLARA, CA /PRNewswire-FirstCall/ -- NanoSensors Inc., a nanotechnology development company that develops instruments and sensors to detect explosives and chemical and biological agents announced that it has entered into a technology license agreement with Pohang University of Science and Technology, located in Korea, for exclusive rights to Korean patent-pending methods of increasing the sensitivity of sensor devices using carbon nanotubes, as well as a planned patent application for fabricating single nanowire devices.

The license agreement provides the company with the exclusive worldwide right to use for commercial purposes the licensed patent rights and related technology for the field of use in Homeland Security and Environmental Protection Agency applications. The license agreement provides the company with advanced methods for using carbon nanotube devices as field-effect transistors for detection. Management believes that the licensed technology can be used in sensors to detect a wide variety of selected agents.

"With this license, we believe that the company has obtained the rights to be able to build a second platform to support the development of advanced sensors which we expect will offer significantly improved sensitivity for the detection of targeted agents. In addition, we believe that the design of our planned products for biosensors that are based on nanoporous silicon technology can be readily adapted to the carbon nanotube sensors," said Dr. Ted Wong, CEO of the company.

About NanoSensors Inc.
NanoSensors Inc. was incorporated in December 2003 and is a nanotechnology development company based in Santa Clara, CA. The company's principal business is developing, manufacturing, and marketing of sensors and instruments to detect explosive, chemical, and biological agents, along with the management of intellectual property derived there from that will enable NanoSensors to create nanoscale devices.

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