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SENSE Holdings Acquires Exclusive License and Patents for Explosives and Chemical Detection; SENSE Holdings and Oak Ridge National Laboratory to Develop Handheld Detector Using MEMS Technology
Aug 15, 2005 3:00:00 PM
Copyright Business Wire 2005
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Aug. 15, 2005--

SENSE Holdings, Inc. (SENSE): (OTCBB:SEHO), a leading provider of biometrically secured identification systems and Homeland Security Solutions announced today that the company has signed a long term patent and license agreement with Oak Ridge National Laboratory (ORNL). The new expanded patent and license agreement affords SENSE Holdings Worldwide exclusive rights to sales, manufacturing and distribution rights using Intellectual property acquired from ORNL for the detection of Explosives and chemical warfare agents. The granted rights include the detection of all explosives, narcotics, and chemically based ethers. SENSE has also acquired the option to develop a security solution for the Biological warfare field of use. The Biological field might include solutions for Anthrax, Ricin, Botulinum and others. These additional licenses and patents compliment the existing Intellectual property that SENSE previously acquired in 2001 through the acquisition of Micro Sensor Technologies, Inc. SENSE is currently in the development of a handheld explosives detector utilizing the core technology developed at ORNL. SENSE Holdings intends to fund Oak Ridge for the testing and core development of the device, and SENSE will manufacture the handheld detector for worldwide distribution as permitted under its newly acquired patent and license agreement. SENSE Holdings has filed for additional patents relating to the technology and plans to market these security solutions to Governments, Airports, and Law enforcement agencies, along with private industry worldwide.

"We are very excited to have SENSE Holdings as a commercialization partner for our MEMS technology," stated Alex Fischer, ORNL's Director of Technology Transfer and Economic Development. "The application areas on which they are focusing the technology will not only provide a financial return but will also address issues of national and international importance, such as explosives detection."

Oak Ridge National Laboratory is operated by UT-Battelle under contract to the United States Dept of Energy.

"These newly acquired exclusive licenses and patents will help support SENSE in its quest to become a serious entity in the Homeland Defense Market. We feel the core technology developed at ORNL will allow for the creation of a revolutionary product that will not only be extremely accurate, but affordable to help combat worldwide terrorism," stated Dore Perler, CEO of SENSE Holdings, Inc. The recent advancements presented to us at Oak Ridge shows that ORNL as well as the United States government, are dedicated to combating the continuing terrorist threat throughout the world.

About ORNL

ORNL is a multiprogram science and technology laboratory managed for the U.S. Department of Energy by UT-Battelle, LLC. Scientists and engineers at ORNL conduct basic and applied research and development to create scientific knowledge and technological solutions that strengthen the nation's leadership in key areas of science; increase the availability of clean, abundant energy; restore and protect the environment; and contribute to national security.

ORNL also performs other work for the Department of Energy, including isotope production, information management, and technical program management, and provides research and technical assistance to other organizations.

About SENSE Holdings, Inc.

SENSE Holdings, Inc. - http://www.senseme.com - is comprised of two wholly-owned subsidiaries, SENSE Technologies, Inc., a leading manufacturer of biometrically secured authentication and identification systems, and MSTI, Inc., a leading micro-sensor explosives detection research and development organization. MSTI holds patents and intellectual property that enable explosives detection, authentication, and identification. SENSE Holdings, Inc. integrates advanced biometric and microelectromechanical sensor (MEMS) technology into mechanical and electronic control devices that improve and secure many business processes.

For more information contact SENSE Holdings, Inc., 4503 NW 103 Ave. (Suite 200) Sunrise, Florida 33351; Telephone: 1-877-SENSEME (736-7363) and 1-954-726-1422; E-Mail: [e-mail]; Web: http://www.senseme.com.

Safe Harbor Statement

Statements contained herein, other than historical data, may constitute forward-looking statements. When used in this document, the words "estimate," "project," "intends," "expects," "believes" and similar expressions are intended to identify forward-looking statements regarding events and financial trends which may affect the Company's future operating results and financial position. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the Company's actual results and financial position to differ materially from those included within the forward-looking statements. These risks and uncertainties include, but are not limited to, the Company's ability to generate meaningful revenues and achieve profitable operations; its ability to obtain necessary capital; whether biometric fingerprint technology is accepted in the marketplace; whether the Company is able to develop and successfully market products incorporating MEMS technology; whether it can compete in a challenging marketplace; and whether the Company can successfully integrate its technology with other technologies to create commercially viable products. Additional risks and uncertainties are set forth in the Company's SEC filings including its Annual Report on Form 10-KSB and registration statements filed under the Securities Act of 1933, as amended.

Source: SENSE Holdings, Inc.



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SENSE Holdings
Inc.
Fort Lauderdale
Dore Perler
954-726-1422
[e-mail]