Sensific Announces Contribution Agreement with NRC
Victoria, Canada, April 15, 2006
Dan Pringle, CEO of Sensific Technologies Inc., is pleased to announce the signing of a contribution agreement with the National Research Council Canada Industrial Research Assistance Program (NRC-IRAP). Sensific will utilize the funds received to further its research in the design and development of a printable pH sensor, improved packaging systems for all its sensors and biocompatibility testing for sensors to be used in lab based bio-reactors.
In announcing the agreement, Mr. Pringle said: "This support from NRC comes at a critical time in the on-going growth of our company and will allow us to increase the momentum of growth we have generated in the past year since start up. We have already benefited from the assistance of our Industrial Technology Advisor and look forward to a long and mutually beneficial partnership with NRC."
As a spin-off company from University of Victoria, Sensific looks to capitalize on an enviable technology platform in the micro-sensor industry. Using its proprietary ion exchange membrane technology, Sensific has already developed a Dissolved Oxygen Sensor with industry standard specifications at 5% of the cost of conventional sensors, used for environmental field testing and industrial applications. The company also recently announced an agreement with a major water quality testing company for the co-development of a drinking water Chlorine Sensor and is also in the preliminary planning cycles for a bio-sensor for blood enzymes.
NRC-IRAP provides a range of both technical and business oriented advisory services along with potential financial support to growth-oriented Canadian small and medium-sized enterprises.
Sensific Announces Agreement with Water Quality Testing Company
Victoria, Canada, March 30, 2006
Sensific Technologies Inc., is pleased to announce the execution of a co-development agreement with a major water quality testing company to use Sensific's proprietary ion exchange membrane technology in the development of a reagent-less chlorine sensor for drinking water.
Reagent-less and in pipe, Sensific's Chlorine Sensor will be a significant improvement on current technologies and allow municipal drinking water providers: maintenance free, real time control data for their water treatment systems. In announcing the partnership, a partner spokesperson said: "Using our knowledge, expertise and track record in water quality testing and Sensific's exciting proprietary technology, we look forward to the development of a Chlorine Sensor that will solve a long term need of our customers, i.e., an accurate, real time, in-pipe Chlorine Sensor." Using its proprietary ion exchange membrane technology, Sensific has already developed a Dissolved Oxygen Sensor with industry standard specifications at 5% of the cost of conventional sensors, used for environmental field testing and industrial applications. The company is also in the preliminary planning cycles for a bio-sensor for blood enzymes.
Sensific Announces Completion of Seed Round of Financing
Victoria, Canada, February 28, 2006
Dan Pringle, CEO of Sensific Technologies Inc., is pleased to announce the completion of the company's seed round of financing. This financing was led by Mike Volkers' WUTIF fund, who in explaining the investment, said: "Sensific has a tremendous opportunity to capitalize on it's patented micro-sensor technology in a wide range of applications from water quality to bio-sensor applications and we're excited to play a role."
Other investors in this round included Dr. Basil Peters' BC Tech Fund, one of the BC Advantage Funds and Dr. Don Rix. This financing was accelerated by the company's presentations at the Vantech Angel Forum. In addition to Mr. Volker, Dr. Peters has also agreed to become a Director of Sensific.
Using its proprietary ion exchange membrane technology, Sensific has already developed a Dissolved Oxygen Sensor with industry standard specifications at 5% of the cost of conventional sensors. The company has also begun development of a reagent-less chlorine sensor for drinking water and is in the preliminary planning cycles for a bio-sensor for blood enzymes.
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