T-Ray Science, Inc.

T-Ray Science, Inc.

November 13, 2008 13:42 ET

T-Ray Science Gains Exclusive Rights to Dominant TeraHertz Continuous Wave Detection Scheme From MIT

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 13, 2008) - T-Ray Science, Inc. ("T-Ray", the "Company"), an emerging leader in the field of TeraHertz ("THz") research, today announced that further to its press release on October 14, 2008, with the exclusive patent license agreement that was reached with the Massachusetts Institute of Technology ("MIT"), T-Ray has gained the rights to the only known coherent detection technique that can be used to detect a continuous-wave (cw) THz signal using THz photoconductive antennas as heterodyne receivers gated by a pair of frequency detuned cw laser modes.

This detection system was granted a patent in 2002 and is based on research done by Verghese et.al. at MIT. The Company's exclusive rights allow university researchers to continue using the system royalty free, but any commercial enterprises who wish to make, use or sell systems that use part or all of these patented rights will need to obtain a license from T-Ray first.

"T-Ray believes the detection system licensed to us by MIT is the best and most common method of cw THz detection currently used by researchers," said President and CEO Thomas Braun. "Our exclusive license positions the Company as a leader in the field of THz research and development."

About T-Ray Science, Inc.

T-Ray Science, Inc. is a device-to-system technology development company that seeks to harness the power of TeraHertz radiation, the last unexplored region of the electromagnetic spectrum. The Company is involved in the design, innovation and commercialization of THz based products.

Forward Looking Statements

This release contains forward-looking statements, including, but not limited to, statements regarding the future commercialization of TeraHertz based products, the market demand for these products and the proprietary protections the Company will obtain with regard to the technology, all of which statements are subject to market risks, and the possibility that the Company will not be able to obtain patent protection or obtain sufficient customer demand. These statements are made based upon current expectations and actual results may differ from those projected due to a number of risks and uncertainties. The Company does not undertake to update forward-looking statements in this news release to reflect actual results, changes in assumptions or changes in other factors affecting such forward-looking information.

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