Under the terms of the agreement the two companies will develop and sell to targeted market segments unique nanoparticle/sensor platform solutions that meet clients' unmet needs.  Markets for the new products include natural resources, biochemical, military, environmental and chemical applications.

TurboBeads LLC. specializes in the production and implementation of highly magnetic nanoparticles. TurboBeads' patented technology is highly magnetic nanocarriers with covalent chemical functionalities on the surface. The highly magnetic properties allow a fast and efficient separation from liquid volumes. TurboBeads possesses the know-how and intellectual property in the field of production of functionalized metallic nanomagnets in the sectors of biochemistry, diagnostics, environmental, military, metal extraction and chemistry.

Steven Van Fleet, President of MAST, stated, "MAST has an excellent working relationship with TurboBeads and is currently collaborating on a number of client projects and they are proving to be a great partner. It is clear that a close collaboration that leverages the full capability of TurboBeads' nanomagnets allows us to use our sensor platform to address difficult sensing problems for clients on the molecular and single nanoparticle level.  We anticipate this relationship will open new markets and opportunities for MAST."

Joseph Fuda, CEO of Micromem stated, "This agreement with TurboBeads gives Micromem a much larger audience and a wider range of opportunities to use our sensor platform. As Micromem's client base continues to grow, flexibility and solution based design for the client becomes all that much more important."
Robert Grass, CEO of TurboBeads stated, "The close collaboration with MAST allows us to accelerate the widespread use of TurboBeads' nanomagnets. Ongoing projects are already showing the benefits of cooperation between bead manufacturing and magnetic analytics. We believe that this cohesion will

www.mastinc.com.