Rich May News: 2005
July 15, 2005
Rich May Client Hamilton Thorne Biosciences, Inc. to Develop and Market CogniScent Inc.’s “Electronic Nose”
Rich May recently represented Hamilton Thorne Biosciences, Inc. in a transaction that resulted in a collaborative relationship between Hamilton Thorne and CogniScent, Inc. for development and marketing of CogniScent’s “Electronic Nose. TM” CogniScent has granted Hamilton Thorne worldwide exclusive marketing rights in key market areas and the companies are working together to produce the next generation of novel sensors that will greatly increase the capability and sensitivity of artificial nose devices.
CogniScent’s “Electronic Nose” uses an artificial olfactory neuronal network that mimics more aspects of the highly developed scent recognition abilities of animals than any other device presently available, resulting in an extremely sensitive detection system. The technology, which combines an array of optically based chemosensors with pattern recognition, works by producing a “digital signature,” or pattern, of the specific odor and then comparing it to patterns stored in its odor database. The use of an artificial neural network allows the unit to “learn” new odors and store response patterns for future comparison.
“We are very pleased to work with CogniScent to offer a sophisticated yet easy-to-use, on-site monitoring device for the detection and measurement of the levels of damaging fungal organisms,” said Meg Hamilton, CEO of Hamilton Thorne Biosciences, Inc. “The ability for the unskilled user to perform on-site screening for fungal organisms represents the first line in the battle to reduce the litigation, clean up costs, and structural damage caused by toxigenic molds. The environmental inspector, homeowner, and landlord need early warning of these often hidden organisms, in order to monitor the status of the building and arrange clean up before the infestation is full blown. Not the least of the Electronic Nose advantages is that there is no need to tear down walls during the early screening process.
About Hamilton Thorne Biosciences, Inc.
Hamilton Thorne Biosciences is a privately held automated instrumentation and DNA-technology company.
For more information www.hamiltonthorne.com
About CogniScent, Inc.
Based in Weston, MA, CogniScent, Inc. develops systems for chemical detection in complex mixtures. Out of 500 applicants, CogniScent is one of only 12 companies granted funding in the initial round of contracts from the Department of Homeland Security.
About Rich May
Rich May’s diverse practice embraces the organization and operation of business ventures, venture capital, private placements, hedge funds, public offerings, technology licensing, mergers and acquisitions, contracts, joint ventures, internet and e-commerce law, employee relations, intellectual property, litigation and dispute resolution, energy, telecommunications, public utilities, wealth planning and real estate. Rich May provides superior legal and strategic counsel through its extraordinary commitment to clients’ success, outstanding professional competence and straightforward ability to communicate. Rich May embraces an entrepreneurial spirit and maintains a mission execution culture that distinguishes Rich May from other law firms.
Rich May combines the stability and experience of one of Boston’s oldest preeminent law firms with the innovative spirit and energy of a venture catalyst intensely focused on serving high-tech entrepreneurs, emerging companies and investors in New England and throughout the United States.
For more information, visit www.richmaylaw.com.
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