Nanostart Invests in Microlight Sensors
FRANKFURT, Germany, and SINGAPORE, Dec. 21, 2010 — Nanotechnology investment company Nanostart AG has announced its investment in Microlight Sensors Pte Ltd., an integrated optical sensors and scanning systems developer in Singapore.
The company’s current product line makes it possible to capture extremely low intensity light and radiation near the IR and visible light wavelength ranges. Deployed in civil security and monitoring purposes, the products are available across all illumination conditions of the 24-hour cycle without sensor damage.
Nanostart’s investment will be directed toward the company’s new product developments as well as financing the expansion of its business in Asia.
“Microlight Sensors currently possesses cutting-edge technology in an expanding market that is still being developed,” said Andreas Kröll, managing director of Nanostart Asia. “We see above-average growth opportunities, which is why we decided to make this investment.”
It is the third investment financed by Nanostart Singapore Early Stage Venture Fund. Available in tranches, the fund will take an initial stake of 19 percent. Following distribution of the final tranche, Nanostart will own shareholdings of 31 percent in Microlight.
For more information, visit: www.nanostart.de
- The general term for the application of light to a subject. It should not be used in place of the specific quantity illuminance.
- The use of atoms, molecules and molecular-scale structures to enhance existing technology and develop new materials and devices. The goal of this technology is to manipulate atomic and molecular particles to create devices that are thousands of times smaller and faster than those of the current microtechnologies.
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