Advanced Technetix Acquires EMR Suppression Nanotechnology to Embed in Products and to Sell to Cell Phone and Portable Device Manufacturers
ALBUQUERQUE, N.M.--(BUSINESS WIRE)--Advanced Technetix, Inc. (Pink Sheets:AVXN) announced today that the company has acquired patented electromagnetic radiation suppression nanotechnology earlier this week from Nanonize Corporation, a privately held company located in Ontario, Canada, prior to that company collapsing its operations for lack of ongoing funding. Advanced Technetix will begin incorporating the technology into its existing products and planned consumer electronics accessories, including its patented AccessKey™ mobile set-top box family of products. The Company also plans to sell these nanotechnology suppression powder compounds directly to cell phone manufacturers such as Nokia (NYSE:NOK) and Motorola, Inc. (NYSE:MOT), as well as other portable device manufacturers such as Research In Motion (RIM) (NASDAQ:RIMM), amongst others.
George Stevens, Advanced Technetix’s Chief Executive Officer said, “The intellectual property (IP) we have acquired, specifically, is a ‘nanopowder’ that when incorporated into the manufacturing of a consumer electronics device, effectively shields users from the electromagnetic radiation the device emits during usage. We were able to acquire this IP that has been developed in conjunction with several leading universities in China, Europe, Canada and the U.S. from Nanonize prior to its collapse, and thus we got it for a fraction of the technology’s original capital investment and, we believe, its current intrinsic value.” He continued, “While it seems something of an outlier in the context of our core business, we have reviewed the technology and patents and are certain that the technology will only enhance our existing and future products, while providing the opportunity to profit by the sale of the technology to the global consumer electronics manufacturing complex.”
About Advanced Technetix, Inc.
Advanced Technetix is a developer of cutting-edge technologies and best-of-breed products tailored to address the market opportunities created by the explosive growth of Digital Communications, Entertainment-related services and specific consumer electronics platforms.
Advanced Technetix’s AccessKey™ products, powered by the Company’s patented technology, provide complete access to the coveted “Triple Play” (voice, video and data) and “Quadruple Play” (voice, video, data and wireless) offerings of cable, telecom, satellite and broadband service providers. The Company’s AccessKey Home™ and portable flash drive-sized AccessKey PC™ allow subscribers to “channel surf” streaming “HD Quality” television content (IPtv), navigate the internet, watch Video on Demand (VOD) offerings, play video or internet-based games, listen to music, make phone calls (VoIP), video conference, run a full array of computing applications, securely store data and more, all from a single device and service provider network.
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Advanced Technetix, Inc. and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
FOR INVESTOR INQUIRIES please visit the Advanced Technetix Investor Relations Hub at http://www.agoracom.com/IR/AdvancedTechnetix, where investors can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to AVXN@agoracom.com, where they can request addition to the investor e-mail list to receive all future press releases and updates in real time.
ADDITIONAL INQUIRIES can be directed to the Company’s website, www.advancedtechnetix.com, or individuals can contact: Matthew Lovito at Brassbulls, Corp. - (866) 342-2700