NEW YORK, Feb. 23, 2005 (PRIMEZONE) -- Advance Nanotech, Inc. (OTCBB:AVNA) subsidiary NanoFED Limited recently announced the launch of a $2M collaborative project with the University of Bristol to develop a new emissive display technology based on diamond dust. The Bristol group comprises lead scientist Dr. Neil Fox, Professor Mike Ashfold in the School of Chemistry and Professor David Cherns, Head of the Microstructures group in the Department of Physics. Hard on the heels of this development, the Royal Society announced a $300,000 award to Professor Ashfold and two colleagues in the School of Chemistry under its Royal Society Wolfson Laboratory Refurbishment Grants Scheme, to enable refurbishment of the laboratory environment available to NanoFED.
As Professor Ashfold commented, "We were thrilled that Advance Nanotech chose to enter into a partnership with us. Previous Research Council and DTI support for our doped nanodiamond work allowed us to reach a position where the technology is now ripe for exploitation. Given the University of Bristol's expertise in small scale structures and in materials formulation, we are ideally positioned to push forward the barriers in this area of nanotechnology. The Royal Society Wolfson award is tremendous news also. It helps ensure that the NanoFED collaboration will be conducted in an appropriate, clean, modern and well equipped laboratory environment."
Dr. Gerhard Rebel of Advance Nanotech stated, "The new laboratory environment available to NanoFED, and paid for by this Royal Society grant, will greatly increase the resources available to our development team."
About Bristol University
Bristol is among the top rank of research universities in the UK. It has world-class research teams and facilities in Science, Engineering, Medical Sciences, Medicine, Arts, Social Science and Law. The University is currently engaged on a 10-year (Pounds)250 million capital program, largely focused on creating new or improved research facilities. This includes (Pounds)28 million for medical sciences, (Pounds)20 million for chemistry, and (Pounds)15 million for advanced dynamics engineering.
About Advance Nanotech Inc
Advance Nanotech, Inc. (``Advance'') commercializes innovative nanotechnology. Operating in three areas, electronics, biopharma and materials, Advance leverages relationships with financial and development resources to enable a product focused fast-track commercialization of nanotechnology. Advance has established relationships with academic institutions throughout the world that are at the forefront of nanotechnology research and development. Advance's objective is to invest in patented innovation to bridge early stage product development with valuable markets.