Sep 5 2007
Advance Nanotech, Inc., a leading provider of financing and support services to drive the commercialization of nanotechnology-related products for homeland security and display technologies, today announced that its Owlstone Nanotech subsidiary has launched its new OVG-4TM product line of vapor generators. The OVG-4 was developed to support in-house design and testing of Owlstone's core FAIMS technology. Demands for improved gas generation standards led to the OVG-4 platform development and to date 22 units have been sold. Partnering with Grant Instruments provides Owlstone with the ability to utilize Grant's extensive expertise in areas such as standards testing and production engineering, and Grant will be manufacturing the OVG-4 in higher volumes to support sales growth.
The Owlstone OVG-4 is a system for generating trace concentration levels of chemicals and calibration gas standards. It is easy to use, cost-effective and compact and produces a very pure, accurate and repeatable output. The very precise control of concentration levels is achieved using permeation tube technology, eliminating the need for multiple gas cylinders and thus reducing costs, saving space and removing a safety hazard. Complex gas mixtures can be accurately generated through the use of multiple tubes. The OVG-4 is an ideal tool for numerous applications, ranging from calibration of explosive detectors in military and homeland defense to validation of personal monitors in industrial health and safety.
"Given the previous success of the vapor generator platform during in-house testing and in the hands of customers, we are excited to make the platform more widely available through our manufacturing partnership with Grant," said Russell Parris, Owlstone's Chief Development Officer and designer of the OVG-4. Bret Bader, Owlstone CEO, added, "The full-scale launch of the OVG-4 further highlights Owlstone's position as a innovative company, with the ability to develop high value IP and through third party partnerships effectively monetize those innovations."
Ludo Chapman, Managing Director of Grant Instruments Ltd., commented, "We were delighted when Owlstone approached us regarding a partnership around the OVG-4 product line. It is a very exciting product line, which clearly has a huge potential, and we are looking forward to continue working alongside the Owlstone team in the future."
Commenting on the launch, Tony Goncalves, CEO of Advance Nanotech, Inc., said, "The successful OVG-4 product launch demonstrates the significant progress and continued growth of the Owlstone business, which is now selling multiple product lines. We are pleased with the product acceptance and initial sales, and expect further success though new and repeat orders."