Strategic Alliance Between BiTMICRO, Storm Company and NanoSignal to Bolster Innovations in MRI Technologies

Partnership to Create MRI Solutions for the Medical Industry by Combining NanoSignal's SLICES(TM) Technology with BiTMICRO E-Disk(R) Solid-State Flash Drive

Wednesday, June 02, 2004 06:00 ET

FREMONT, Calif., Jun 2, 2004 (BUSINESS WIRE) -- BiTMICRO Networks(R), a pioneer in intelligent flash IDE/ATA, SCSI, USB, VME, PMC, CompactPCI, FireWire, Ethernet, and Fibre Channel solid state storage solutions, has formed a three-way technology partnership with Las Vegas, Nevada-based NanoSignal Corp. (OTC:NNOS), and systems integrator Storm Company to develop industry leading, next-generation image processing technologies for the MRI market.

SLICES(TM) is an image processing software that manipulates raw data matrices obtained through the MRI scanning process. It is being incorporated into an E-Disk(R) enabled hardware console, currently under development by Storm Company, a Las Vegas-based systems integrator and technology consulting firm. When completed, NanoSignal Corp. (OTC:NNOS) intends to market this console as an add-on to enhance the performance of MRI systems worldwide, including those manufactured by General Electric, Hitachi and Siemens, among others.

The alliance is currently conducting extensive beta tests using the E-Disk(R) flash drive as main storage component. Initial results produced magnetic resonance images that boast up to 10 times more clarity and resolution than conventional MRI tools. In addition, SLICES(TM) significantly reduced patient scan time and the need for patient callbacks and rescanning.

"NanoSignal's objective is to bring to market the most innovative solution that will speed up patient scan time and provide clearer MRI images than conventional MRI equipment. After evaluating various alternatives, we have concluded that BiTMICRO's E-Disk(R) solid-state flash drive is the best storage platform for our software. Storm Company's expertise will ensure that the capabilities of E-Disk(R) and SLICES(TM) are properly optimized," says Scott A. Ervin, CEO of NanoSignal Corp.

When NanoSignal is ready to commence marketing its console, Storm Company will supervise commercial production, shipping, installation and user training. "All of these functions will be performed by our global network of sub-contractors. This is the best way to maintain our strict quality control standards," stated Antonio Roel Macaraeg, president of Storm Company.

"BiTMICRO is creating a new era in non-invasive medical diagnostic technology by bringing E-Disk(R), a popular solid-state storage solution for military and industrial applications, into the health care industry," says Rudy Bruce, president of BiTMICRO Networks. "Our strategic alliance with NanoSignal and Storm Company gives us an unprecedented opportunity to save lives, not in the battlefield but this time in hospitals and medical clinics all over the world," he adds.

For more information about NanoSignal Corp. products and services, visit http://www.nanosignalcorp.com or contact NanoSignal at 5440 West Sahara, Suite 206, Las Vegas, Nevada, 89146 USA, Telephone: +1 702-227-5111, Fax: +1 702-227-8039. E-mail: info@nanosignalcorp.com or Juan Ferreira at +1 407-774-9949.

For details regarding Storm Company, visit http://www.stormcompany.com/ or contact Storm at 2324 West Charleston Blvd., Las Vegas, Nevada 89117 USA, Telephone: +1 702-813-4481 or E-mail: GeneralKayoss@StormCompany.Com.

For E-Disk(R) technology information, pricing and availability, visit http://www.bitmicro.com or contact BiTMICRO Networks at 45550 Northport Loop East, Fremont, California 94538 USA, Telephone: +1 510-74E-DISK / +1 510-743-3475 or E-mail: info@bitmicro.com.

About NanoSignal Corp.

NanoSignal Corp. (OTC:NNOS) (http://www.nanosignalcorp.com) is a medical technology company introducing its patented SLICES(TM) technology to the MRI industry, allowing radiologists and technologists to perform advanced imaging features beyond the capabilities of the standard MRI computer.

About Storm Company

Storm Company Unlimited (SCU) (http://www.stormcompany.com) develops and creates new business opportunities by identifying new products and services then actively plans and invests by providing end to end solutions thru its research, development and manufacturing activities with strategic partners, that will unfold over the next decade. This will radically change the competitive landscape and revolutionize the way we are entertained and informed.

About BiTMICRO Networks

BiTMICRO(R) Networks (http://www.bitmicro.com), a privately held California corporation, is the leading provider of rugged and high performance non-volatile solid state disk, flash disk drive, and network storage and management solutions. E-Disk(R) storage solutions are offered with SCSI, IDE / ATA, Fibre Channel, USB, FireWire, Compact PCI, VME, PMC and Ethernet interfaces in 2.5-inch and 3.5-inch hard disk drive footprints, single-wide PMC, 3U and 6U board, and 19-inch rack mount configurations scalable up to several terabytes of pure solid state storage.

E-Disk(R), BiTMICRO Networks(R) and BiTMICRO(R) are registered trademarks of BiTMICRO Networks, Inc. Other names are trademarks or registered trademarks of their respective companies.

High-resolution photo images of BiTMICRO's product line are available at http://www.bitmicro.com/press_image_library.php

SOURCE: BiTMICRO Networks

CONTACT: BiTMICRO Networks, Inc.
Jun Alejo, 510-623-2341
jun.alejo@bitmicro.com
or
NanoSignal Corporation
Juan Ferreira, 407-774-9949
or
Storm Company Unlimited
Richard "RJ" Jansen, 702-300-5650
ronin@stormcompany.com

SLICES(TM) is NanoSignal's image processing software that manipulates raw data matrices obtained through the MRI scanning process. Using the E-Disk(R) flash drive as its main storage component during beta tests, SLICES(TM) was able to produce images that boast up to 10 times more clarity and resolution than conventional MRI tools. In addition, SLICES(TM) significantly reduced patient scan time and the need for patient callbacks and rescanning. These factors can contribute to a reduction in film consumption of up to 40%.

"Our SLICES(TM) product has been developed to improve existing MRIs through a combination of enhanced image quality and greater patient throughput, thereby increasing the economic impact to the MRI owners. We are firmly committed to achieving our goals," said Dr. Rupert Perrin, chairman of the board of NanoSignal.

"Healthcare facilities are increasing their use of digital imaging technology, both in patient evaluation and actual medical treatment. In addition, computerized medical record systems are being implemented to facilitate speedy archiving and retrieval of patient records," stated Rudy Bruce, president of BiTMICRO Networks(R).

"BiTMICRO's E-Disk(R) flash solid state disk is a robust storage application suitable for these applications. It easily meets the high-speed data I/O requirements of embedded image processing systems, resulting in faster and more accurate diagnosis. Moreover, E-Disk's(R) feature-patented security and data protection technology will help maintain the quality and integrity of medical information. We are confident that E-Disk(R) will become the de facto solid state storage standard in the medical industry," Bruce added.

About BiTMICRO Networks(R)

BiTMICRO Networks(R) is a privately held California corporation, and is the leading provider of rugged and high-performance, non-volatile solid state disk, flash disk drive, and network storage and management solutions. E-Disk(R) storage solutions are offered with SCSDI, IDE/ATA, Fibre Channel, USB, FireWire, Compact PCI, VME, PMC, and Ethernet interfaces in a 2 1/2 inch and 3 1/2 inch hard disk drive footprints, single-wide PMC, 3U and 6U board, and 19-inch rack mount configurations scalable up to several terabytes of pure solid state storage.

E-Disk(R), BiTMICRO(R), and BiTMICRO Networks(R) are registered trademarks of BiTMICRO Networks Inc. Other names are trademarks or registered trademarks of the respective companies.

NOTE: This press release contains statements that may constitute forward-looking statements pursuant to the safe harbor provisions of the Private Litigation Reform Act of 1995. These forward-looking statements are based on current expectations and assumptions and involve a number of uncertainties and risks that could cause actual results to differ materially from those currently expressed in any such forward-looking statements. This report has been compiled from information provided by NanoSignal Corp. ("NanoSignal" or the "company"). This report is published solely for information purposes, and is not to be construed as an offer to sell nor the solicitation of an offer to buy any security in any state or other jurisdiction. Investment in the securities of the company should only be considered by persons who are aware of, suited to, and able to bear the risks involved. The company's investor relations representative and/or its officers, directors or principal stockholders may, from time to time, have a long or short position in the securities of this company. The investor relations representative is a paid consultant to the company. Further information with respect to any matter discussed in this report is available upon request. In compliance with the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, NanoSignal notes that the statements contained in this report that are not historical facts may be forward-looking statements that are subject to a variety of risks and uncertainties. NanoSignal wishes to caution readers of this report that these risks and uncertainties may cause NanoSignal's actual results to differ materially from those that may be implied by any forward-looking statements made by it, or on its behalf.

SOURCE: NanoSignal Corp.

The company expects in the near term to receive sufficient offers for funding from outside financing sources to complete a finished version of the SLICES(TM) technology employing our technology and BitMicro's super flash drives. The company looks forward shortly thereafter to a successful final field trial. The reason initial programming took so long is because the radiology center's leased MRI had a built-in shortcut called "half-NEX" (half number of excitations) on a good sized number of their scans. This shortcut meant that the MRI acquired only half of the raw data (using less time) and a special method had to be incorporated using conjugate symmetry with phase correction to determine the rest of the data. The only other remaining issue is that the MRI wasn't saving raw data from every scan and this is a problem for the pulse sequence description (PSD) auto-storing mechanisms in the MRI machine itself.

It was decided due to this fact, the particular model of MRI in use represented only a percentage of MRIs still in service, that additional work should be performed on other models to increase the number of other units that SLICES(TM) could actually interface with in our global market today. Therefore, the engineers did concurrently begin work on interfacing with the Hitachi Airis open MRI using the DICOM interface, while successfully employing our BitMicro flash drive in conjunction with the SLICES(TM) algorithms. Once the DICOM interface is totally completed, incorporating the SLICES(TM) technology at flash drive speeds, SLICES(TM) should work with over 50% of the installed MRI machines in the industry with only very minor modifications necessary between different manufacturers' machines.

"Naturally, we have been significantly delayed due to funding requirements but once we successfully complete testing for a market penetration of approximately 25,000 older MRI machines, work can then be completed on the remaining markets worldwide. This is a very significant achievement and another of the steps necessary for completing the 67-point business plan established earlier in the spring," stated Ervin.

About NanoSignal Corp.

NanoSignal Corp. is currently a medical technology company introducing its patented SLICES(TM) technology to the MRI industry, allowing radiologists and technologists to perform advanced imaging features beyond the capabilities of the standard MRI computer.

Information about NanoSignal Corp. is available at www.nanosignalcorp.com.

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements can be identified by the lead-in "Looking Forward." These statements are not guarantees of future performance and involve significant risks and uncertainties. Actual results may vary materially from those in the forward-looking statements as a result of the effectiveness of management's strategies and decisions, general economic and business conditions, new or modified statutory or regulatory requirements, and changing price and market conditions. No assurance can be given that these are all the factors that could cause actual results to vary materially from the forward-looking statement.

SOURCE: NanoSignal Corp.

CONTACT: Princeton Research Inc. for NanoSignal Corp.
Mike King, 702-650-3000
info@princetonresearch.com