NanoSensors extends LOI to acquire DKL International
A specialist in applying nanotechnolgy to detection of biological and chemical detction is set to acquire a specialist in passive detection technology
Santa Clara, California-based NanoSensors, a nanotechnology company specializing in developing instruments to detect explosives and chemical and biological agents, has signed an extension to its nonbinding letter of intent to acquire Vienna, Virginia-based DKL International, a privately held company. The LOI is extended to 31 August 2007. Dr. Ted Wong, NanoSensors’ CEO, said that “The Company strongly believes in the merits of this transaction. We believe that the combination of DKL and our company offers an outstanding and unique opportunity to grow the combined company into a successful enterprise.”
DKL International’s technology will complement NanoSensors’s. The company supplies passive detection technology and related products to the homeland security, military, law enforcement, commercial security and safety markets. The latest product from DKL is SilentGuard, which is capable of sensing the presence of a human at short and mid ranges through walls and doors,and also detect respiratory and heart rate at short range.
