Dec 16 2010
Nanostart, leading technology investment firm in Germany, is investing in Microlight Sensors. This investment will be executed by the Nanostart Singapore Early Stage Venture Fund in tranches.
The company’s fund will hold a primary stake of 19 %. On allocating the final tranche, the company will possess 31 % shareholdings in Microlight Sensors. Microlight, established in 2006, advances and fabricates optical solutions and elements for sensor technologies. This investment will be utilized for the improvement of novel systems and will support trade expansion.
The company is currently focusing on the manufacture of a highly sensitive sensing device employing nanomaterial technology. Microlight is aiming to hit the Asia-Pacific domestic security market, having nearly 21 % of the international market in 2007. According to Andreas Kroll, Nanostart Asia’s managing director, Microlight Sensors’ innovative technologies will have wide acceptance in the progressive market and for this reason they have decided to invest in this firm.
Nanostart Asia is a unit of Nanostart AG, which is Nanostart’s entry point for the growth markets of Asia. The company is funding innovative, progressive companies possessing advanced solutions or processes. These companies in turn will be benefited from Nanostart's specific standard, global contacts, and intensive marketing expertise.
Source: http://www.nanostart.de