RESEARCH TRIANGLE PARK, N.C. – Advanced Liquid Logic, a company focused on the miniscule measurement of fluids and “lab on a chip” technology, has acquired Raleigh-based Nanolytics.

Nanolytics, which was launched in 1999, also has worked to develop lab on a chip technology and other applications of nanotechnology.

Terms of the deal were not disclosed.

The companies’ founders are not strangers. Michael Pollack, who once worked at Nanolytics, later left that firm and co-founded Advanced Liquid Logic in 2004 along with Vamsee Pamula.

Alex Shenderov, the founder of Nanolytics and its chief technology officer, will join Advanced Liquid Logic.

Executives at last fall’s “Tech 2006” event put on by the Council for Entrepreneurial Development picked Advanced Liquid Logic as the first “CEO One To Watch” award winner.

Advanced Liquid Logic also recently received a $160,000 loan through the North Carolina Biotechnology Center. The “strategic growth loan” stipulated that Advanced Liquid Logic investors at least match the loan amount.

The company is a spin-out from Duke University’s Pratt School of Engineering.
“This clearly gives us the high ground in the race for both demonstrated progress and intellectual property in this exciting new technology,” said Richard West, Advanced Liquid Logic’s chief executive officer, about the acquisition. “The technology has huge potential for miniaturizing test equipment and performing complex tests at the point of sample collection.

“Not only will we benefit from Nanolytics’ patents but from the continuing contributions of key Nanolytics employees as well,” he added.

Advanced Liquid Logic is focused on microfluidics technology through which miniscule dropls can be moved under direct software control to perform liquid-based testing. The tests can be performed on small devices.

The company sees applications for the technology in chemical assays, immunoassays, DNA sequencing and other applications. It hopes to launch its first commercial product later this year.