NanoMaterials Technology Opens New US$1.5 Million Facility
SINGAPORE, April 10 /PRNewswire/ --
Singapore-based NanoMaterials Technology Pte Ltd ("NMT"), a company that develops and commercialises production technologies for nanomaterials, opened its new US$1.54 million facility officially today.
NMT was founded in 2000 and currently has 20 employees. NMT was included in Lux Research's "Nanotechnology Report 2004" as one of the top seven private nanotechnology companies in Asia. It counts amongst its customers, 3M and Weyerhaeuser from the US, BASF from Germany and other multinational companies from Europe and Japan.
NMT recently concluded a funding round, bringing its total funding to date to US$7.7 million. This has allowed it to expand its facilities and capabilities to cater for further international growth. A brand new laboratory, which includes a GMP facility and pharmaceutical and chemical laboratories, has been set up and NMT is also looking to further boost its R&D headcount to 30 persons.
To date, NMT has venture capital (VC) investors which include EDBV Management, Juniper Capital Ventures and 3V SourceOne, Japan Asia Investment Company (JAIC) and Korea Technology Investment Corp (KTIC).
NMT's proprietary and patented High Gravity Controlled Precipitation (HGCP) technology platform is simple, easy to scale up and extremely cost effective compared to conventional production methods. It is so versatile that it can be applied to various sectors like specialty chemicals, electronic materials and pharmaceuticals.
The technology for the production of nano-precipitated calcium carbonate (NPCC), the first nanomaterial developed by NMT, has already been out-licensed to several companies for industrial production. NPCC has also been used in nano-composite development, where the addition of NPCC enhances mechanical properties. The technology has been applied in the paper industry, where its use has been found to improve paper properties and lower paper production cost.
NMT has also developed electronic materials for use in multi-layer ceramic capacitors and these are currently being tested at some companies in the US and Japan.
In the area of pharmaceuticals, NMT has worked on several nano-drug compounds in solid oral form and for inhalation delivery and is actively targeting the pharmaceutical and drug delivery industry. Its HGCP platform allows excellent control over the specifications of drug particles. By reducing the active pharmaceutical ingredient particle size, drug efficacy and drug delivery performances has been shown to improve. This will allow pharmaceutical and drug delivery companies to explore novel drug delivery systems which may not have been previously possible, opening a potential billion dollar market for NMT.
About NanoMaterials Technology Pte Ltd ("NMT") -- www.nanomt.com
Founded in April 2000, NanoMaterials Technology (NMT) is a Singapore company that specialises in the development and commercialisation of the production technologies of nanomaterials.
NMT has a proprietary technology called the High Gravity Controlled Precipitation (HGCP). The result of this breakthrough is a nanomaterial production technology that is simple, easy to scale up and extremely cost effective. NMT places great significance in the research and development in nanotechnology.
Contact Details: NanoMaterials Technology Pte Ltd Ms Grace Yeo Tel: +65-9384-1818 Email: firstname.lastname@example.org Cogent Communications Pte Ltd Ms Celine Ooi Tel: +65-6323-3060 Email: email@example.com
Web site: http://www.nanomt.com
SOURCE NanoMaterials Technology Pte Ltd
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