MCT Acquires Home Land Defense and Sensor IP and Assets

September 23, 2002 – MicroCoating Technologies, Inc. (MCT) has acquired critical technology to enable immediate warning of bio and chemical hazards for a number of applications, including terrorism. Photonic Sensor Systems (PSI), an Atlanta-based company that developed photonic integrated systems for sensors, has sold its assets and intellectual property to MCT, and has transferred its licenses with Georgia Tech for patents/future inventions and a National Institute of Health research grant.

Andrew Hunt, CEO of MCT, stated, “We are excited to have the opportunity to combine the talent and intellectual properties of MCT and PSI in the important market of photonic sensing devices. These sensors will have an impact in the area of antiterrorism for biological agents, proteins, medical analysis and also in chemical sensing. I am also pleased that MCT will expand on its already close relationship with Georgia Tech. Georgia Techs research expertise in the area of chemical and biological detection is well regarded throughout the county. President Bush recently visited its research group. MCTs thin film coating expertise, combined with its facilities and equipment, will provide synergies in developing PSIs products.”

MCT is a privately-held intellectual property company and a manufacturer of next generation products utilizing advanced thin film coatings and nanomaterials.