Biosignal, Q-Stat get funding from BHP Billiton09:01, Thursday,...

Biosignal, Q-Stat get funding from BHP Billiton
09:01, Thursday, 11 May 2006

Sydney - Thursday - May 11: (RWE Aust Business News) - 11th May
2006, Sydney: Biosignal Ltd (ASX:BOS) and technology venture company
Q-Stat Pty Ltd have attracted funding and technical support from BHP
Billiton (ASX:BHP) to develop a product that counters corrosion of oil
and gas pipelines and equipment.
In February 2005 Biosignal and Q-Stat announced continuation of
their collaboration to further develop Biosignal's anti-biofilm compounds
to prevent bacterial corrosion of metals.
BHP Billiton has agreed to provide funding, field data and
technical advice on oil and gas industry requirements.
The funds will be used to conduct bench scale trials of
Biosignal's compounds against organisms known to cause corrosion problems
and in conditions that mimic oil and gas pipelines.
Testing will use Biosignal's compounds alone and in combination
with biocides currently used in the industry.
If this work is successful, a field study will be conducted at an
operating oil facility.
The bench scale trials are expected to be completed by mid year.
Intellectual property arising from the work will be owned by
Biosignal.
Biosignal shares last traded at 17c.