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TIAX Awards US Global Nanospace Exclusive License for TIAX Non-Toxic Decontaminant Foam
PR Newswire - August 13, 2003 11:50

Non-Toxic ALL-CLEAR (TM) (Pending) Foam Neutralizes Chemical and Biological Weapons

CARSON CITY, Nev., Aug. 13 /PRNewswire-FirstCall/ -- US Global Nanospace, Inc. (OTC Bulletin Board: USGA) today announced it was chosen to enter into an exclusive patent and license agreement for Chem/Bio Decontaminant Foam with TIAX, a leading collaborative product and technology development firm based in Cambridge, MA. US Global will market the foam under the trademarked brand name 'ALL-CLEAR', which US Global has applied for and is currently pending.

TIAX LLC (www.tiax.biz) is a leading collaborative product and technology development firm that accelerates innovation to create an impact in the market -- and in people's lives. They integrate business, industry, and hands-on technology expertise to transform ideas into products and problems into solutions. Formerly Arthur D. Little's Technology & Innovation business, TIAX builds on more than a century of breakthrough innovation and client success using collaborative R&D. TIAX was selected as a Technology Pioneer 2003 by the World Economic forum and is ISO 9001 certified with more than 50 research and development laboratories.

ALL-CLEAR Chem/Bio Decon Foam is one of the first environmentally friendly and non-toxic decontaminants that is highly effective in eliminating chemical and biological warfare agents, such as Sarin and Anthrax, within one hour of application. The foam neutralizes agents without the harmful and potentially deadly effects that most chlorine and formaldehyde-based decontamination agents have on sensitive apparatus like landing gear and brake assemblies.

"We feel that ALL CLEAR Chem/Bio Decon Foam represents an immediate revenue opportunity for US Global and is synergistic with our other products such as NanoFilters and our target client base," said John Robinson, Chairman and CEO of US Global Nanospace, Inc. "We will also expand the commercial market beyond terrorist response to include treating industrial and infectious waste, and the decontamination of aircraft and vehicles arriving from quarantine areas. Another ideal area for this product is for agricultural applications in treating livestock areas to destroy and prevent the spread of infectious diseases in animals."

TIAX developed the non-hazardous, environmentally friendly foam under the sponsorship of the Technical Support Working Group (TSWG) in 1999. The TSWG (www.TSWG.gov) is the U.S. Government's national forum to rapidly develop technologies and equipment to meet the high-priority needs of combating terrorism. The TSWG also addresses joint international operational requirements through cooperative R&D with major allies.

"We are pleased to be working with US Global to bring this crucial technology to the marketplace where it can play a significant role in protecting and saving the lives of first responders and the public at large," said Kenan Sahin, president of TIAX. "While it is unfortunate that counterterrorism technologies such as the foam are needed, it is imperative that such equipment is readily available to our government, law enforcement agencies and emergency response teams in order to efficiently and effectively eliminate biological and chemical threats."

As part of a broad spectrum, non-hazardous, environmentally friendly biological and chemical decontamination system, ALL-CLEAR Chem/Bio Decon foam can be used and has been proven against various biological threats including: Anthrax (Bacillus anthracis), Multiple Organ Toxicity (Botulinum Toxin), Bacteria (Escherichia coli amd Salmonella spp., Bacterial Virus (Bacillus cereus bacteriophage), Toxins (Staphylococcus aureus alpha toxin), Fungal spores (Aspergillus niger) and Protozoa/parasite (Giardia intestinalis).

Potential government ALL-CLEAR users are law enforcement agencies, fire departments, HAZMAT teams, EMS, bomb squads, public works and military bases, depots and shipyards. Commercial markets include Airports, Seaports, Public utilities, commercial HAZMAT, industrial complexes, refineries and power and chemical plants. Projections for domestic non-military use are expected to be in the range of 46 million gallons, with annual usage of 32 million gallons. Pricing for the foam is estimated to be between $25 and $45 per gallon, depending on volume and strength required.

Unlike other decontamination products that rely on chemical reactions to oxidize agents, this two-part product uses an enzyme to selectively destroy nerve agents and a biocide mixture to sanitize biological agents, including anthrax spores. This approach allows the active ingredients to penetrate deep into cracks and crevices to ensure that even the most hidden chemical and biological agents can be eradicated. Chem/Bio Decon Foam's active ingredients are not rapidly depleted by reaction with other materials, such as dirt and grease, resulting in a long-lasting product. The foam can be dispensed using commonly available fire-fighting equipment in addition to numerous readily available commercial applicators.

The annual report of the Defense Department's Chemical and Biological Defense Program provided to Congress in April and released to the public last month detailed the need for a more efficient, less destructive decontamination system such as ALL-CLEAR. ALL-CLEAR Chem/Bio Decon Foam addresses the Defense Department's need for a non-corrosive decontaminant that can be used on equipment to neutralize a wide range of agents, poses no unacceptable health hazards, and requires reduced manpower and logistics to implement. The Department of Homeland Security and Congress have also earmarked funds for the acquisition and application of products like ALL-CLEAR for all civilian and military first-responder units.

US Global Nanospace, Inc. (OTC Bulletin Board: USGA) is an applied nanotechnology company focused on developing products for a wide array of commercial and defense applications to enhance and possibly save lives worldwide. US Global's primary materials and products include G-Lam, NanoFilter, NanoFilterCX, S.A.G. Turrets, BlastX, G-Armor and RadomeX. US Global Nanospace, Inc. recently completed a name change from US Global Aerospace, Inc. US Global has retained its trading symbol, USGA. More information is available at http://www.usglobalaero.com.

Safe Harbor Statement: These statements are based on assumptions that the management of US Global Nanospace, Inc. believes are reasonable based on currently available information, and include statements regarding the intent, belief or current expectations of US Global Nanospace, Inc. and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance, and are subject to a wide range of business risks, external factors and uncertainties, the lack of acceptance of the company's products by its customers and prospects, the inability to secure necessary product sales and the inability to obtain necessary substantial capital to manufacture and market its product and otherwise implement its business plan. In each case, actual results may differ materially from such forward-looking statements. US Global Nanospace, Inc. does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or modified) will not be realized. Any opinions, findings and conclusions or recommendations expressed in this press release are those of the author(s) and do not necessarily reflect the views of the United States Government.

Contact:
For TIAX: Melissa Monahan [phone] Ext. 352, [e-mail]
For US Global: Rich Schineller, [phone], [e-mail]

SOURCE US Global Nanospace, Inc.

/CONTACT: Melissa Monahan, [phone] Ext. 352, [e-mail],
for TIAX LLC; or Rich Schineller, [phone], [e-mail], for US
Global Nanospace, Inc./

/Web site: http://www.usglobalaero.com

http://www.TSWG.gov /

(USGA)