FORT LAUDERDALE, Fla., 12 May 2006. Sense Holdings Inc., a developer of biometric and explosive detection security technologies for government and commercial security markets, has executed a memorandum of understanding (MOU) with Interrelated Technologies Inc. (ITI) of Charleston, S.C., to develop advanced homeland security solutions and products.
The joint research and development agreement calls for the two companies to work together as ITI completes the development of its system, in combination with the Sense Holdings proprietary MEMS technology. This product will be designed to offer a detection system for fire, explosives, WMDs, and contraband materials.
Sense is developing its line of advanced detection products under a research and development partnership with the Oak Ridge National Laboratory in Oak Ridge, Tenn., which is operated by the U.S. Department of Energy. Sense is the sole commercialization partner with exclusive rights for the manufacture, sale, and distribution of MEMS-based handheld devices for homeland security product applications and markets.
Sense also has expanded licensing and patent agreements with Oak Ridge National Laboratory and now owns all worldwide exclusive rights to the sale, manufacturing, and distribution of this major new platform technology and all of its explosives, chemical, and narcotic applications. In addition, Sense has retained the right to acquire additional licensing rights for all biological sensing applications in the future.
