QRSciences Holdings LimitedBEIJING OLYMPICS LOOKS TO QRSCIENCES...

QRSciences Holdings Limited

BEIJING OLYMPICS LOOKS TO QRSCIENCES FOR SECURITY SOLUTIONS

PERTH, WEDNESDAY 4 AUGUST 2004 - QR Sciences Limited (QRS), a world leader in the development of Quadrupole Resonance (QR) based advanced explosive detection systems, has entered into a Memorandum of Understanding (MOU) with the Chinese Institute of Atomic Energy (CIAE) to assist with the development of security screening systems for the 2008 Olympic Games to be held in Beijing.

CIAE has been tasked by the Olympic Committee in China to build prototype screening systems for radioactive materials, explosives, weapons and drugs and are seeking QRSciences assistance with the project.

A delegation of experts from the CIAE, headed by Dr. Shu Wei Quo, Vice President of the China Institute of Atomic Energy and adviser to the China Atomic Energy Authority together with Dr. Zhu Shengyun, Secretary General of the Nuclear Physics Society of China, toured the QRSciences research and development facility in Perth, met with executives and technical staff and culminated in the signing of the MOU.

The MOU sets the groundwork for the negotiation of a detailed agreement for the integration of QR based explosive detection into the overall security regime for the Beijing Olympics. The parties also intend to explore the potential for broader use of the QR technology in other security applications throughout China.
We have been in dialogue with CIAE for several months and were delighted to welcome Dr Shu and his esteemed colleagues to our facility in Perth to discuss mutual business opportunities. In the course of our discussions the CIAE presented us with a commercial opportunity to provide our expertise to assist the Chinese authorities in providing the very best security for the 2008 Olympic Games," states Kevin Russeth, Chief Executive Officer, QRSciences Limited.

"Quadrupole Resonance (QR) is a proven solution for the identification of a range of difficult to detect explosive threats. We expect that this cooperative effort in relation to securing the Olympics may extend to cover other areas of concern to the Chinese Ministry of Public Security including the protection of aviation, rail and other critical infrastructure," he added.

QRSciences' technology is ideally suited to integration with existing and newly developed X-ray equipment. The company has contractual arrangements with several of the worlds leading X-ray system manufacturers. In excess of 50,000 pieces of X-ray equipment are in use worldwide for security applications.

QRSciences' technology can add significant functionality to currently deployed systems.
About China Institute of Atomic Energy
Based in Beijing the China Institute of Atomic Energy and its predecessor the Institute of Modern Physics was founded in 1950. It is the birthplace of nuclear science and technology and the hub for nuclear science and technology in China. The major tasks of the institute are fundamental research of nuclear science and technology, research and development of advanced nuclear energy and identifying applications for nuclear technology.

The broad R&D program covers nuclear physics, nuclear chemistry, radiochemistry, reactor engineering, accelerator technology, nuclear electronics and detector techniques, isotope technology, radiation protection, advanced materials and biomedical engineering.

The CIAE has a staff of 3400 including 660 senior scientists and senior engineers including 9 members of the Chinese Academy of Science and Chinese Academy of Engineering.

For more information on CIAE visit www.ciae.ac.cn/english/HOME.htm or the China Atomic Energy Authority at www.caea.gov.cn/ecaea/index.asp
About QRSciences Limited

QRSciences Limited, based in Perth, Western Australia, designs and develops systems, sub-systems, components and software for security related applications. The Company is a world leader in Quadrupole Resonance (QR) applications, a next generation technology that uses radio frequency spectroscopy techniques to detect and positively identify a wide range of materials. QR is closely related to Magnetic Resonance Imaging (MRI), which is widely employed in industry and the medical profession.
Applications for the technology include explosive and narcotic detection, pharmaceutical quality control and assurance, mineral and material assay, lab instrumentation and environmental science.

For further information, please contact:
QRSciences Holdings Limited
Tel:+61 (0)8 9358-5011
Email: [email protected]

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