Food Quality Sensor International Inc. Secures $5.6 Million Financing through European Syndication.

LEXINGTON, Mass. -- Food Quality Sensor International Inc. (FQSI) of Lexington, Massachusetts, a Life Sciences company that merges sophisticated homeland security sensor science with food safety technology, announced today that it has completed a $5.6 Million Series B financing. The round was co-led by Swiss-based Inventages Venture Capital Inc. and Dutch-based DSM Venturing B.V., with Navigator Technology Ventures, private investors, and management participating, and will be used to launch the new SensorQ([TM]) smart label.

The Company's new product, SensorQ([TM]), is a smart label applied by the meat packer to the inside of meat and poultry packages to provide the consumer with a clear indication of the product's freshness. As the product spoils, the bacterial count increases and the label changes color. Because SensorQ([TM]) measures bacterial levels directly and is unaffected by Modified Atmosphere Packaging (MAP) gases, SensorQ([TM]) is the consumer's only safeguard to show whether MAP-packaged meat and poultry is truly fresh or spoiled.

"The SensorQ([TM])technology brings freshness monitoring for consumers to a new level and promises to make today's industry standard, the printed sell-by date label, an item of the past," said Dr. Gunnar Weikert, Chairman, CEO and Founder of Inventages Venture Capital Investments, Inc. "FQSI has impressed me with this innovative product and I look forward to our being able to play an active role in supporting the company."

The investment in FQSI provides DSM a window on the market in food packaging in the U.S.A. Tony de Vrught, Vice President EBA Specialty Packaging, comments: "This is an important milestone for our activities in this new market. Next to our investment, FQSI will be one of the companies we will work with to develop intelligent packaging concepts."

"This cross-border partnership is both timely and extraordinary in its composition," said Marco Bonne, CEO and a founder of FQSI. "Today, when the public is critically concerned with the quality and safety of its food products and the U.S. Congress is investigating MAP practices, there's no question that the need for our technology is expanding explosively. Through this alliance, not only do we acquire the financial support necessary to bring SensorQ([TM]) to market, but we also gain the opportunity to learn from and leverage the scientific and consumer goods marketing expertise that our partners bring to the relationship."

About Food Quality Sensor International, Inc.

FQSI (www.FQSInternational.com) was incorporated in 2004, when The Charles Stark Draper Laboratory, Inc. partnered with key members of the Draper sensor technology development team, Navigator Technology Ventures and Marco Bonne, an entrepreneur and food industry executive, to commercialize its food spoilage sensor technology. In December 2006 the Company launched SensorfreshQ([TM]), a consumer handheld "electronic nose" that detects meat and poultry spoilage. FQSI develops and commercializes novel technologies to detect the freshness levels of perishable foods. The Company is currently in the final stages of testing and validating SensorQ([TM]) and expects to launch the product later this year. FQSI's headquarters and laboratories are located in Lexington, Massachusetts.

About Inventages

Inventages Venture Capital (www.inventages.com, [e-mail]) is one of the world's largest venture/private equity funds specializing in Life Sciences, with more than $1.5 billion under management. Inventages' investment focus includes Pharmaceuticals, Nutraceuticals, Medical Food, Nutrition, Cosmeceuticals, Innovative Food, as well as Consumer Relation Management, Processes and novel Packaging technologies. Inventages operates out of three offices around the globe: Auckland, Geneva and Nassau.

About DSM Venturing

DSM Venturing (www.dsm-venturing.com) is an active investor in emerging companies and Venture Capital Funds in DSM's strategic growth fields of Nutrition, Pharma and Performance Materials. DSM Venturing's mission is to explore emerging markets and technologies in these strategic growth fields in order to enhance DSM's product portfolio and create value. DSM Venturing also plays an active role in the development of several new DSM business opportunities in the emerging business areas of Biomedical, Industrial (White) Biotechnology, Specialty Packaging and Personalized Nutrition.

About Navigator Technology Ventures

NTV (www.ntven.com) is an early-stage, technology venture capital firm that seeks to fund technology-rich start-ups. It is a subsidiary of The Charles Stark Draper Laboratory, Inc. of Cambridge, Massachusetts, provided the initial startup capital to FQSI and is led by Alain Hanover.