Once again, NanoSensors, Inc. (OTCBB: NNSR) released news that should have the attention of speculative investors this morning. Yesterday after the stock markets closed, the company, a nanotechnology development company that develops instruments and sensors to detect explosives, chemical and biological agents, issued a press release announcing that it has commenced the design review on the company's planned product to detect e-coli.
This additional news may continue to have the attention of traders. The product will be based on the company's recently licensed nanoporous silicon-based biosensor technology to detect selected bacteria. One of the bacteria covered in the field of use by the company's license is e-coli.
The proposed product is expected to consist of two core functional parts. A disposable housing unit in which the actual sensor device would be mounted on a secured and sealed platform and a data acquisition unit is the second core part of the device and has been designed to accept the output signal from the disposable housing unit, convert the signal to the appropriate format and to display the results. The preliminary designs of both parts have been completed and the design review by management and its technical consultants is being performed.
This continues to be a stock for speculative investors to watch! "We are very excited about the engineering and design of the Company's first biosensor product," stated Dr. Ted Wong, the Company's Chief Executive Officer. "We have engaged a talented team of engineers to assist us with the design review process and to take the design to the prototype stage," continued Dr. Wong. "Although the design review process can uncover flaws which could require revisions to the proposed product design, we anticipate that the first prototypes of the e-coli product will be completed well within budget and schedule and to be ready for laboratory testing by our consultant in November."
In the past several weeks, NanoSensors has made several announcements, including:
-- Entering into a technology license agreement with Pohang University of Science and Technology, located in Korea, for exclusive rights to Korean patent-pending methods to increase the sensitivity of sensor devices utilizing carbon nanotubes as well as a planned patent application for fabricating single nanowire devices. -- The engagement of Accrescent Research to assist in the development of marketing and business strategies for its first biosensor products to detect pre-selected bacteria in water and food. -- Entering into a technology license agreement with Michigan State University for exclusive patent-pending rights to nanoporous silicon-based electrochemical DNA biosensors.
A profile of NanoSensors, Inc can be found at: http://www.wallstreettradingalerts.com/NNSR092006.html
Before the company's news was released, the stock closed on Wednesday at four cents a share.
NanoSensors, Inc. was incorporated in December, 2003 and is a nanotechnology development company based in Santa Clara, California. The Company's principal business is the development, manufacturing and marketing of sensors and instruments to detect explosive (X), chemical © and biological (B) agents ("XCB"), along with the management of intellectual property derived there from that will enable NanoSensors to create nanoscale devices.
Other Stocks of interest yesterday were:
Sun Microsystems, Inc. (NASDAQ: SUNW) up 0.7% on 40.1 million shares traded. Sun is in the development of technologies that power the world's most important markets.
TIBCO Software Inc. (NASDAQ: TIBX) up 7% on 10.6 million shares traded. TIBCO Software Inc. is one of the leading business integration and process management software companies that enables real-time business.
Wells Fargo & Company (NYSE: WFC) up 0.9% on 7 million shares traded. Wells Fargo & Company is a diversified financial services company.
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