Aug. 23, 2006 — NanoSensors Inc. a Santa Clara, Calif., nanotechnology development company that develops instruments and sensors to detect explosives, chemical and biological agents, announced that it has entered into a technology license agreement with Michigan State University for exclusive patent-pending rights to nanoporous silicon-based electrochemical DNA biosensors.
The company says the license provides it with the exclusive worldwide right to use for commercial purposes the rights and related technology for the field of use in detecting certain selected bacteria. The license also provides the company with the right to expand the licensed rights to utilize the nanoporous silicon sensor platform for additional fields of use. The technology license has a term of 15 years, or the duration of the patent rights licensed, whichever is longer.