SANTA CLARA, Calif., Feb. 1 /PRNewswire-FirstCall/ -- NanoSensors, Inc. (OTC Bulletin Board: NNSR.OB) reports today on the Company's current course of work and future plans. The Company was incorporated in December, 2003 and is a nanotechnology development company based in Santa Clara, California NanoSensors has recently been in talks with several different companies, universities and patent holders with regard to possible intellectual property acquisition and commercialization transactions. Over the next twelve months it is the Company's goal to close one or two intellectual property acquisitions and/or commercialization transactions and continue the development of its first sensor. In an effort to become more than just a development stage organization, as well as to take advantage of opportunities, the Company's focus is directed towards acquiring and commercializing technology solutions in several sectors. NanoSensors has three strategic components to its acquisition strategy: -- IP Acquisition (Post-Revenue): Acquire non-core intellectual property and tangible assets from corporations that will be income and balance sheet accretive. -- IP Commercialization (Pre-Revenue): Acquire intellectual property assets, patents, licenses, and source code for solutions that are still in development, but that are less than twelve months away from generating revenue. -- University & Government R&D: Identify patented or patent-pending technologies at universities or government labs and fund additional development of those technologies in exchange for exclusive rights to commercialize the resulting prototypes. Leveraging the resources and infrastructure of these institutions will provide the Company with a highly cost-effective development pipeline. About Nanosensors, Inc. NanoSensors, Inc. is a Nevada corporation that was incorporated on December 23, 2003. The Company's principal business is the development, manufacture and marketing of sensors and instruments, along with the management of intellectual property derived therefrom that will enable Nanosensors to create nanoscale devices. This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbors created thereby. These forward-looking statements involve known and unknown risks, uncertainties and other facts that could cause the actual future results of the Company to be materially different from such forward looking statements. These forward-looking statements are made only as of the date hereof, and we disclaim any obligation to update or revise the information contained in any such forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE NanoSensors, Inc.