Verisante Technology, Inc. Announces Non Brokered Private Placement and Letter of Intent for the Exclusive Sales and Marketing Rights for Cancer Detection Technology in China

http://finance.yahoo.com/news/verisante-technology-inc-announces-non-133000879.html

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 25, 2014) - Verisante Technology, Inc. (TSX VENTURE:VRS)(VRSEF) (the "Company" or "Verisante"), a leader in cancer detection technology, announced today it has closed a non-brokered private placement of 2,000,000 common shares at a price of $0.15 per share for gross proceeds of $300,000.

The private placement comes in conjunction with the signing of a Letter of Intent between the Company and a strategic partner (the "Partner") to grant the exclusive marketing and sales rights, in The People's Republic of China, for the Core™ for lung, colon, cervical and nasal cancer detection, and for the complimentary ClearVu endoscopic camera (the "Definitive Agreement").

Under the terms of the Letter of Intent, the Definitive Agreement will be contingent upon the Company receiving an additional $2.5 million investment via private placement by the end of September, 2014. The private placement shall be for common shares (with no warrants) with a discount to the market price of no greater than 15%. The Partner will separately fund the SFDA approval process for regulatory approval in The People's Republic of China, for the products starting with the Core™ for lung cancer, including funding clinical studies, if necessary.

"This is a major breakthrough for Verisante in the biggest market in the world for lung cancer. China has approximately one third of the lung cancer cases in the world, is currently the second largest buyer of medical devices globally, and is expected to surpass the USA in that regard sometime in the next ten years," said Thomas Braun, President & CEO of Verisante. "With so many patients and 21,000 hospitals, we are very excited to have a strategic partner who will provide capital for Verisante and separately fund the SFDA approval process for the Core™. This new capital will also advance Aura™ (for skin cancer detection) into the US FDA approval process, and we look forward to achieving these major market approvals for our game changing technology."

The private placement is subject to all necessary regulatory and stock exchange approvals. Securities issued pursuant to the private placement are subject to a hold period of four months plus one day from the date of distribution. Net proceeds of the private placement will be used for working capital requirements. No finder's fee was paid in connection with this private placement.

About Verisante Technology, Inc.

Verisante is a medical device company committed to commercializing innovative systems for the early detection of cancer. The Verisante Aura™ for skin cancer detection and the Verisante Core™ series for lung, GI tract and cervical cancer detection utilize a proprietary cancer detection platform, while the operating software and probe technology are unique to each device. The cancer detection platform was developed by the BC Cancer Agency and tested and refined at the Skin Care Centre at Vancouver General Hospital. This exclusive platform technology allows Verisante to develop and offer a range of compact, non-invasive cancer detection devices that offer physicians immediate results for many of the most common cancers. Aura™ has been approved for sale in Canada, Europe and Australia. Core™ has not yet been approved for sale.

Verisante Aura™ was awarded the 2014 North American Technology Innovation of the Year Award for In Vivo Cancer Detection by Frost & Sullivan, Popular Science Magazine's "Best of What's New Award" for 2011, awarded a 2013 Prism Award for Innovation in Photonics and an Edison Award for Excellence in Innovation in 2013. Verisante Core™ was named one of the top 10 cancer breakthroughs of 2011 by the Canadian Cancer Society.

The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Forward-Looking Statements

This release contains forward-looking statements, including, but not limited to, statements regarding the future commercialization of medical devices, the market demand for these products and the proprietary protections the Company will obtain with regard to the technology, all of which statements are subject to market risks, and the possibility that the Company will not be able to obtain patent protection or obtain sufficient customer demand. These statements are made based upon current expectations and actual results may differ from those projected due to a number of risks and uncertainties.

Contact:

Verisante Technology, Inc.
Thomas Braun
President & CEO
(604) 605-0507
info@verisante.com

Website: www.verisante.com
YouTube: www.youtube.com/verisante
Twitter: www.twitter.com/verisante
Facebook: www.facebook.com/verisante

Terahertz in China, a focus on THz Research & Development Network of China

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My Note: In my effort to search for THz development across the globe I did a search of the net regarding THz in China. I came across the THz Research & Development Network of China, as well as the story of the sale in 2007 by Advanced Photonix of it's prior generation, T-Ray 2000, to Tsinghua University. http://www.thznetwork.org.cn/english/about.asp

Recently THz radiation has been applied in various fields such as chemistry, physics, medicine and material studies, etc. At the same time, the THz experiment equipment has been developed quickly. China has set up a couple of THz research centers, proposed by some far-sighted scientists and academicians such as Jinpei Chen, Xiangwan Du, Shenggang Liu, Guozhen Yang, Jianquan Yao, Jie Zhang, and Peiheng Wu, etc. Fruitful results have been achieved with the progress of its research. On 22 to 24, November, 2005, the 270th seminar on “New Development of THz” was held in Xiangshan Hotel in Beijing, which was a milestone to start a new era of Chinese THz research and application. Assisted by the THz Research Centers of University of Electric Science and Technology in China (UESTC) and Shenzheng University, THz Research & Development Network of China(TRDNC) has been established to provide a platform for introduction and connection of THz researchers, direct channel of academic communication, and access to interaction at home and abroad. THz Technology innovation, application research of related fields, and the participation of enterprises for marketing exploration will also be benefited from TRDNC, which bridges the support from the government and THz field research. The Chinese version of TRDNC has been attracted great attention from China. The registered members are from various renowned Chinese universities and institutes, such as UESTC, Zhejiang University, Shanghai Technology and Physics Institute of Chinese Academy of Science, Xi’an Jiaotong University, Shenzhen University, Bejing Aviations University, University of Technology in China, Tianjin Universtiy, Fujian Material Structure Institute of Chinese Academy of Science, etc. The THz experts outside China have also been attracted by this website. Aimed at a more convenient access for THz scholars overseas and a better information exchanging, the English version of CTRDN has been established too! The English version opens the window of Chinese THz research to the overseas researchers and related professionals aimed at introducing the latest progress, experiments, research theses and news. We believe it will be a bridge to connect the THz scholars at home and abroad for a better communication and cooperation. Thank you! ---- As noted above, here is the API press release from 2007. Advanced Photonix, Inc. Announces Entry into China Terahertz Research Market ANN ARBOR, Mich., Mar 15, 2007 (BUSINESS WIRE) -- Advanced Photonix, Inc. (AMEX:API) today announced that the Picometrix T-Ray(TM) 2000 has been chosen by Tsinghua University, Beijing, China, to be the focal point of their investigations into the applications of terahertz technology. Picometrix, an API company, has received a purchase order from Tsinghua University that is expected to be shipped within 2 months. In addition to the purchase of the system, Picometrix has entered into an agreement that permits its use of the university's terahertz application development lab for customer demonstrations. The T-Ray(TM) 2000 is a laboratory instrument that produces, detects and analyzes ultrashort pulses of terahertz waves used for research and development of novel imaging and spectroscopy applications in the industrial non-destructive testing, homeland security, and defense markets. Application development is the critical first step in the adoption and widespread deployment of terahertz equipment on the factory floor and in the field. The system's patented fiber coupling permits automated or manual scanning of the sensor heads over the objects being scanned. This permits the rapid imaging of any size object, greatly improves research productivity, allows the system to operate in ruggedized environments, and eliminates the need to fit the object into specialized fixtures in order to be scanned. The industry leading signal to noise ratio of the T-Ray(TM) platform allows even thick samples to be scanned rapidly. To date terahertz application development has been focused on detecting concealed weapons and explosives for eventual use in the homeland security market and for determining uniformity of coating thickness, performing weight and water measurements, and identifying hidden defects to insure product uniformity for eventual use in the quality control non-destructive testing market. Tsinghua University, known as the "M.I.T. of China," was established in 1911, and has 13 schools, 26,000 students and 2,800 faculty members. With a reputation for excellence in Science and Engineering, Tsinghua produces many of China's top scientists, engineers, and business leaders. "We are excited to be working with top researchers in China. Their selection of the T-Ray(TM) 2000 as the instrument of choice for terahertz research and application development in a competitive bidding process confirms the industry leading features and versatility of the T-Ray(TM) product line," said Richard Kurtz, CEO of API. About Advanced Photonix, Inc. Advanced Photonix, Inc.(R) (AMEX:API) is a leading supplier of opto-electronic solutions and Terahertz instrumentation to a global OEM customer base. Products include the patented High speed optical receivers in APD and PIN configurations and silicon Large Area Avalanche Photodiode (LAAPD), PIN photodiode and FILTRODE(R) detectors. More information on Advanced Photonix can be found at http://www.advancedphotonix.com. The information contained herein includes forward looking statements that are based on assumptions that management believes to be reasonable but are subject to inherent uncertainties and risks including, but not limited to, unforeseen technological obstacles which may prevent or slow the development and/or manufacture of new products; potential problems with the integration of the acquired company and its technology and possible inability to achieve expected synergies; obstacles to successfully combining product offerings and lack of customer acceptance of such offerings; limited (or slower than anticipated) customer acceptance of new products which have been and are being developed by the Company; and a decline in the general demand for optoelectronic products. SOURCE: Advanced Photonix, Inc. Advanced Photonix, Inc. Richard Kurtz, 734-864-5647

Terahertz Telescope Added to HIghest Observatory

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September 27, 2010



No place on Earth rivals the Antarctic Plateau for stargazing. The air is thin and bone-dry; dust is minimal. As observatories go, the higher the better—and at 4093 meters above sea level, it doesn’t get any higher on the East Antarctic icecap than Dome A.

Last year, Chinese researchers opened Kunlun Station near Dome A. Now they intend to find out if a superior vantage point translates into superior astronomy. At a workshop last month, astronomers unveiled plans to build two major telescopes at Dome A during the Chinese government’s next 5-year plan, to start in 2011.

The 2.5-meter Kunlun Dark Universe Telescope, or KDUST, would survey the optical and near-infrared bands for planets beyond our solar system and plumb the mysteries of dark matter and dark energy.

However, “one instrument would be lonely,” says astronomer Yang Ji, director of Nanjing’s Purple Mountain Observatory, which is developing a companion: a 5-meter terahertz (THz) telescope to observe 200- to 350-micrometer wavelengths.

This “underexplored frequency window" is acutely sensitive to gas clouds—ideal for probing, for example, star and planet formation, says Qizhou Zhang, an astrophysicist at the Harvard-Smithsonian Center for Astrophysics in Cambridge, Massachusetts, and a member of the group that initiated the THz telescope project. Outside experts are impressed.

“It’s a very ambitious and exciting program,” says John Storey, an astronomer at the Univ. of New South Wales (UNSW) in Sydney, Australia.

The Chinese Academy of Sciences has requested 1 billion yuan ($150 million) for the telescopes and support platform—one of several science megafacilities that the country’s powerful National Development and Reform Commission is weighing for the 12th 5-year plan. A decision is expected around year’s end.

The two telescopes would be a major expansion of China’s formidable Antarctic buildup. During the 2007–08 International Polar Year, China erected Kunlun Station, teamed with the United States and others to study the Gamburtsev Mountains—the origin of the East Antarctic ice sheet—and with Australia began testing observing conditions at Dome A. To pave the way for expansion, China last year built an ice runway at Kunlun; until now, all materials and people have been brought in by arduous traverses.

China is not making a leap into the unknown. Antarctic astronomy first made headlines in 1998, when BOOMERANG, a U.S. NSF–sponsored balloon experiment, mapped the cosmic microwave background and found that the universe is fl at. As an encore, a 10-meter telescope at the U.S. Amundsen-Scott South Pole Station brought online in 2007 has begun microwave background studies.

“South Pole shows it is possible to build major astronomical facilities in Antarctica,” says Storey.