NanoSensors, Inc. Enters Technology License Agreement with Michigan State University

Strategic Insights -

NanoSensors, Inc., a nanotechnology development company, has entered a technology license agreement with Michigan State University for exclusive patent-pending rights to nanoporous silicon-based electrochemical DNA biosensors. This agreement should attract the attention of investors and is expected to drive the company's development of sensors and instruments to detect explosive, chemical, and biological agents. The license provides the company with the exclusive worldwide right to use the licensed patent rights and related technology for commercial purposes.

The technology license agreement has a term of 15 years, or the duration of the patent rights licensed, whichever is longer. The company plans to use this agreement to develop an initial prototype of its first biosensor, with the goal of commencing independent third-party testing in the first quarter of 2007. This agreement highlights the company's focus on developing innovative sensors and instruments for detecting and identifying threats.

The company's CEO, Dr. Ted Wong, stated, "With this licensing agreement in place, we will begin an aggressive design effort to complete a specific prototype of our first biosensor. We are planning to have an initial prototype developed by the calendar year-end and expect to commence independent third-party testing of the prototype units in the first quarter of 2007." This statement demonstrates the company's commitment to developing cutting-edge technology and expanding its capabilities in the field of nanotechnology.

NanoSensors, Inc. is a company that is developing and commercializing sensors and instruments to detect explosive, chemical, and biological agents. The company's technology is based on the use of nanoscale sensors to detect and identify threats. The company's principal business is the development, manufacturing, and marketing of sensors and instruments to detect explosive, chemical, and biological agents.

Key Takeaways:

  • NanoSensors, Inc. has entered a technology license agreement with Michigan State University for exclusive patent-pending rights to nanoporous silicon-based electrochemical DNA biosensors.
  • The company plans to use this agreement to develop an initial prototype of its first biosensor, with the goal of commencing independent third-party testing in the first quarter of 2007.
  • The technology license agreement has a term of 15 years, or the duration of the patent rights licensed, whichever is longer.
  • The company is developing sensors and instruments to detect explosive, chemical, and biological agents using nanoscale sensors.
  • The company's focus on developing innovative sensors and instruments is driving the company's growth and expansion in the field of nanotechnology.

Statistics:

  • 15 years: the term of the technology license agreement between NanoSensors, Inc. and Michigan State University.
  • 2007: the expected completion date of the initial prototype of the company's first biosensor.
  • 67.4 million shares: the number of shares traded for Intel Corporation (NASDAQ: INTC) on the day of the announcement.
  • 29.7 million shares: the number of shares traded for Level 3 Communications, Inc. (NASDAQ: LVLT) on the day of the announcement.
  • 13.4 million shares: the number of shares traded for Nortel (NYSE: NT) on the day of the announcement.
  • 0.4%: the percentage increase in Intel Corporation's stock price on the day of the announcement.
  • 6.2%: the percentage increase in Level 3 Communications, Inc.'s stock price on the day of the announcement.
  • 0.9%: the percentage increase in Nortel's stock price on the day of the announcement.

Sources:

  • Wall Street News Alert.
  • NanoSensors, Inc.
  • Michigan State University.
  • Comtex SmarTrend.
  • CSTADirect.com
  • Comtex News Network, Inc.
  • Market Wire.