6th Sep 2006 07:00
Embargoed Release: 0700hrs, 6 September 2006 Nanoscience Inc. (`Nanoscience' or the `Group') AGM Statement At the Annual General Meeting of Nanoscience Inc. being held today, the Group'sChairman will make the following statement to the meeting:"I am pleased to be able to report to our shareholders that the Group'sforthcoming interim results for the six months to 30 June 2006 will be in linewith your Board's expectations and we have continued to deliver furtherprogress in all aspects of our business. Nanoscience continues to establish arobust track record in its ability to identify niche investment opportunitieswith the potential for substantial growth. Our focus on supporting emergingtechnologies with strong commercial propositions is enabling us to add furthervalue to our investee companies in the form of managerial guidance.Throughout the interim period there has been a positive maturing andstrengthening of our portfolio. Our investment in Future Waves was announced inMarch and the company subsequently achieved early successes in winning`design-ins' for its Fenix 1 chip in the Far East, with a positive receptionfrom manufacturers of MP3, GPS and multimedia systems.The ongoing testing of Toumaz's Sensium chip continues to demonstrate betterthan expected results. Significant customer interest in this product continuesto build and your Board remains confident that the trials currently beingundertaken by these potential customers will ultimately be converted intocommercial transactions.AppliedSensor, the Group's first investment, has successfully completed producttesting within the automotive industry and orders have been received from twokey leading manufacturers. A first production order has also been received froma leading supplier in the indoor air quality control sector.The aforementioned developments demonstrate the fast evolution of the investeecompanies within the Group's portfolio and the real opportunity to deliverenhanced shareholder value through our strategy of making investments inemerging technologies where we can add value in the commercialisation process.Financially, Nanoscience remains on track with regard to its cash utilization,which is in line with our 2006 budget, and we remain confident about the futurepotential of the Group.The hard work, dedication and enthusiasm shown by employees in all our investeecompanies is moving our portfolio forwards at the pace we would expect, and wethank them for their efforts." -Ends- Further Information:Richard Rose Nanoscience 07836 250 474 Ben Simons Hansard Communications 020 7245 1100 ENDNANOSCIENCE INCRelated Shares:
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