CALGARY, Oct. 28, 2019 /CNW/ - Nanalysis
Scientific Corp. (the "Company" or
"Nanalysis", TSXV:NSCI), is pleased to announce that as of
October 23rd, it has
entered into a collaboration agreement with Robert Bosch GmbH
(Bosch) to jointly develop products for the growing market
industrial Nuclear Magnetic Resonance (NMR) products for
applications such as on-board fuel analyzers for cargo ships,
driven by new international environmental standards against dirty
fuels, which would be distributed by Bosch. The collaborative work
will begin in November 2019 and joint
development effort is expected to result in a marketable device by
December 2021 and a sales agreement
will be negotiated at that time.
Dr. Reiner Krapf of the Agile
Innovations group at Bosch stated "I am very pleased to be working
with Nanalysis Scientific. Bosch is a global leader in measuring
device miniaturization for application-specific industrial use
cases and smart analyzers. We anticipate that within the next seven
years, NMR technology will be prevalent in industrial environments
such as manufacturing facilities, mobile labs, shipping vessels,
trucks, cars, and phones. We have short-, medium-, and long-term
commercial objectives and we believe that working with Nanalysis is
a win-win opportunity to take miniaturized application-specific
products to market under the Bosch brand."
Sean Krakiwsky, founder and CEO
of Nanalysis Scientific added, "Working with a global leader such
as Bosch is a key step in the execution of our industrial
applications growth strategy. We are driving the "appification" of
NMR technology in Industry 4.0 environments using our leading
permanent magnet based compact NMR technology, in addition to
industrial optimization technologies such as AI and IoT. The Bosch
partnership has the potential to dramatically expand our market
opportunity. We are eager to work with Dr. Krapf's team and
anticipate continued success for our products, enhanced reach
through this partnership, and a greatly accelerated expansion of
the global NMR market."
About Robert Bosch GmbH
Robert Bosch GmbH is a leading global supplier of
technology and services. It employs roughly 410,000 associates
worldwide (as of December 31, 2018).
The company generated sales of €78.5 billion in 2018. Its
operations are divided into four business sectors: Mobility
Solutions, Industrial Technology, Consumer Goods, and Energy and
Building Technology. As a leading IoT company, Bosch offers
innovative solutions for smart homes, smart cities, connected
mobility, and connected manufacturing. It uses its expertise in
sensor technology, software, and services, as well as its own IoT
cloud, to offer its customers connected, cross-domain solutions
from a single source. Bosch's strategic objective is to deliver
innovations for a connected life. Bosch improves quality of life
worldwide with products and services that are innovative and spark
enthusiasm: Bosch creates technology that is "Invented for
life".
About Nanalysis Scientific Corp. (TSXV:NSCI,
FRA:1N1)
Nanalysis trades on the TSX Venture Exchange (TSXV) in
Canada with ticker symbol 'NSCI'.
The Company's business is what we term "MRI for industry": it
develops and manufactures portable Nuclear Magnetic Resonance (NMR)
spectrometers or analyzers for laboratory and industrial markets.
The NMReady-60™ was the first fully featured portable NMR
spectrometer in a single compact enclosure requiring no liquid
helium or any other cryogens, and the company has followed-up that
initial offering with new products and continues to have a strong
innovation pipeline. The Company recently announced that it will
begin selling a 100MHz device in early 2020. The Company's new
device will be the most powerful non-cryogen, permanent magnet NMR
device ever brought to market.
Nanalysis devices are used by chemical professionals in many
industries (oil and gas, chemical, mining, pharma, biotech, flavor
and fragrances, agrochemicals, and more) as well as numerous
government and university research labs around the world. The
company continues to exploit new global market opportunities
independently and with partners.
Notice regarding Forward Looking Statements and Legal
Disclaimer
This news release contains certain "forward-looking statements"
within the meaning of such statements under applicable securities
law. Forward-looking statements are frequently characterized by
words such as "anticipate", "continue", "estimate", "expect",
"may", "would" occur. These statements are only predictions of what
we believe might happen. Various assumptions were used in drawing
the conclusions or making the projections contained in the
forward-looking statements throughout this news release.
Forward-looking statements are based on the opinions and estimates
of management at the date the statements are made and are subject
to a variety of risks and uncertainties and other factors that
could cause actual events or results to differ materially from
those projected in the forward-looking statements. The Corporation
is under no obligation, and expressly disclaims any intention or
obligation, to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as expressly required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE Nanalysis Scientific Corp.