Nanostart takes share in Microlight Sensors

SINGAPORE: German-based technology investment company Nanostart AG is investing an undisclosed amount in homegrown Microlight Sensors.

The investment will be carried out in tranches by the Nanostart Singapore Early Stage Venture Fund. 

The Nanostart fund will take an initial stake of 19 percent. Following distribution of the final tranche, the Nanostart fund will own shareholdings of 31 percent in Microlight Sensors.

Founded in 2006, Microlight develops and manufactures optical systems and components for sensor technologies.

The company says the investment will be used to develop new products and to finance business expansion.

Its new products roadmap includes the development of an ultrasensitive sensor based on nanomaterial technology. 

Microlight currently targets the domestic security market in the Asia-Pacific region, which accounted for about 21 percent of the global market in 2007.

Andreas Kroll, managing director of Nanostart Asia, says: "Microlight Sensors currently possesses cutting-edge technology in an expanding market that is still being developed."

"We see above-average growth opportunities, which is why we decided to make this investment," he added.

Nanostart Asia is a 100 percent subsidiary of Nanostart AG. It is Nanostart's gateway to the growth markets of Asia. 

It invests in young, up-and-coming nanotechnology companies which are approaching market launch with highly innovative products or processes. These companies benefit from Nanostart's worldwide network, its unique track record and its extensive commercialisation expertise. 

In Singapore, Nanostart Asia invests as a partner of the Singapore government. 

- Channel News Asia

 

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26 November 2011 - 7:05pm
 

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