Company also receives first order from multiple U.S. Military Research

Laboratories

    NEW YORK, June 13 /PRNewswire-FirstCall/ -- Advance Nanotech, Inc.,
 (OTC Bulletin Board:   AVNA), announced today that its Owlstone Nanotech Inc.
 ("Owlstone") subsidiary has received a purchase order for test quantities
 of its FAIMS ingredient supply module from Luxembourg headquartered IEE, an
 innovative developer of specialized sensing systems with a global
 leadership position in automotive safety sensing systems. Both companies
 have also renewed their joint Memorandum of Understanding with the stated
 aim to cooperate in the promotion and marketing of the FAIMS technology in
 a range of markets including automotive, medical and healthcare.
 
     "IEE, one of Europe's leading suppliers of sensor solutions into the
 global automotive market," said Bret Bader, CEO of Owlstone. "This
 partnership will help to accelerate the growth opportunities for FAIMS,
 exploiting the sensor's ability to detect a greater range of gases across
 an equally broad range of applications. Owlstone's initial focus is
 delivering new and profound detection solutions for military, homeland
 security, and industrial applications. In partnership with IEE, application
 development and commercialization for niche markets that would have taken
 years to address can be greatly accelerated."
 
     In response, Patrick Roulling, Business Development Manager for IEE
 said, "Demand for chemical sensing technology is growing across a number of
 markets. We have been in talks with Owlstone for 18 months and have
 identified their FAIMS technology as having significant performance
 advantages over other sensor technologies. It is our desire to work closely
 with Owlstone to bring new products to market rapidly and aggressively grow
 market share. Our focus is on transport, public & commercial
 infrastructure, consumer electronics, automation & logistics and medical &
 healthcare markets."
 
     In addition, Advance Nanotech announced today that its Owlstone
 Subsidiary has also received orders for several OVG-4 vapor generators from
 multiple United States Military Laboratories that will be used to test and
 calibrate gas sensors. The OVG-4 produces accurate gas samples into the low
 parts per trillion levels thereby allowing users to create complex mixtures
 without the complexity associated with competing systems.
 
     About IEE
 
     IEE is a privately held innovative developer of specialized sensing
 systems. Founded in 1989 and headquartered in Luxembourg, the company has
 operations in Europe, the US and Asia. IEE is also a global leader in
 automotive safety sensing systems for occupant detection and
 classification. The company's solutions are dedicated to the following
 markets: Transport, Public & Commercial Infrastructure, Automation &
 Logistics and Medical & Healthcare. IEE employs over 1,200 people
 worldwide. 26% of the company's workforce is engaged in Research and
 Development. For more information, please visit www.iee.lu .
 
     About Advance Nanotech
 
     Advance Nanotech is in the process of restructuring its business and
 becoming an operating company focused on next generation chemical and
 biological detection. Its proprietary technologies, developed at Cambridge
 University, are uniquely silicon-based, thereby offering miniaturization
 and network capability with wireless opportunities. The advantages of this
 protocol permit for real-time precision analytics leading to potential
 prevention of ensuing issues, concerns and dangers. For more information
 about Advance Nanotech, please visit www.advancenanotech.com .
 
     About Owlstone Nanotech, Inc.
 
     Owlstone Nanotech, Inc. ("Owlstone") is a majority owned subsidiary of
 Advance Nanotech and is a pioneer in the commercialization of
 nanotechnology-based chemical detection products. The Owlstone Detector is
 a revolutionary dime-sized sensor that can be programmed to detect a wide
 range of chemical agents that may be present in extremely small quantities.
 Using leading-edge micro- and nano-fabrication techniques, Owlstone has
 created a complete chemical detection system that is significantly smaller
 and can be produced more cost effectively than existing technology. There
 are numerous applications -- across industries from security and defense to
 industrial process, air quality control and healthcare -- that depend on
 the rapid, accurate detection and measurement of chemical compounds.
 Owlstone works with market leaders within these industries to integrate the
 detector into next generation chemical sensing products and solutions.
 Owlstone's technology offers a unique combination of benefits, including:
 small size, low manufacturing costs, minimal power consumption, reduced
 false-positives, and a customizable platform. For more information on
 Owlstone Nanotech, please visit www.owlstonenanotech.com .
 
     The information contained in this news release, other than historical
 information, consists of forward-looking statements within the meaning of
 Section 27A of the Securities Act of 1933 and Section 21E of the Exchange
 Act of 1934. These statements may involve risks and uncertainties that
 could cause actual results to differ materially from those described in
 such statements. Although the Company believes that the expectations
 reflected in such forward-looking statements are reasonable, it can give no
 assurance that such expectations will prove to have been correct. Important
 factors, including general economic conditions, spending levels, market
 acceptance of product lines, the recent economic slowdown affecting
 technology companies, the future success of scientific studies, ability to
 successfully develop products, rapid technological change, changes in
 demand for future products, legislative, regulatory and competitive
 developments and other factors could cause actual results to differ
 materially from the Company's expectations. Advance Nanotech's Annual
 Report on Form 10-K, recent and forthcoming Quarterly Reports on Form 10-Q,
 recent Current Reports and other SEC filings discuss some of the important
 risk factors that may affect Advance Nanotech's business, results of
 operations and financial condition. The Company undertakes no obligation to
 revise or update publicly any forward-looking statements for any reason.
 
 

     For more information, contact:
 
     Yvonne Zappulla
     Managing Director
     Grannus Financial Advisors, Inc.
     212-681-4108
     Yvonne@grannusfinancial.com
 
 

SOURCE Advance Nanotech, Inc.

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