VANCOUVER, British Columbia, Canada – Precision NanoSystems, Inc. (PNI), a privately held biotechnology company developing proprietary microfluidic-based manufacturing technology for the use and development of cutting edge nanomedicines, today announced it has been awarded a position in the competitive Generator program by Discovery Parks and the City of Vancouver, securing upto 1,000 sqft of facilities free of rent for 1 year.   PNI will utilize the space for day-to-day operations and initial manufacturing of its NanoAssemblr^TM Benchtop Instruments.

PNI’s CEO, Dr. James Taylor, commented, “Being awarded a space in the Generator program demonstrates PNI’s commercial potential and readiness, and places PNI within a network of other highly promising Vancouver based start-up companies.  The awarded facilities will satisfy PNI’s non-laboratory needs for 2013, and assist PNI in executing its commercialization strategy.  PNI appreciates the ongoing support from the Vancouver entrepreneurial community, including Discovery Parks and the City of Vancouver.”

About Precision NanoSystems, Inc.

At Precision NanoSystems we are creating innovative tools for the development and manufacture of best-in-class nanoparticles for use as medicines, and in medical research. Our proprietary NanoAssemblr platform enables the simple, rapid, reproducible, and scalable manufacture of next-generation nanoparticle formulations for the targeted delivery of therapeutic and diagnostic agents to difficult-to-access cells and tissues in the body. We provide instruments, reagents and services to life sciences researchers and build strategic collaborations to revolutionize healthcare through nanotechnology. To join the revolution visit our website.

About the Generator Program

Discovery Parks and the City of Vancouver have teamed up to create the Generator, a Vancouver-area competition that invites early-stage technology based companies to apply for free workspace at the Discovery Parks Vancouver facility for 1 year. The competition awards a total of 5,000 square feet of space to companies that demonstrate a high probability of success and future potential to grow—up to 1,000 sq. ft. of space per company.