Nanotechnology Now

Our NanoNews Digest Sponsors





Heifer International

Wikipedia Affiliate Button


android tablet pc

Home > Press > Nano Interface Technology, Inc. will sell its products in 1 year

Abstract:
Nano Interface Technology, Inc. to Present at 2007 Medtech Insight's "Investment In Innovation" Conference at San Francisco

Nano Interface Technology, Inc. will sell its products in 1 year

SAN FRANCISCO , CA | Posted on June 7th, 2007

Nano Interface Technology, Inc. (NITI) has developed nanotechnology-derived economical ultra-pure coatings for orthopedic and dental implants which FDA has been looking for many years. The NIH Nanotech review panel validates NITI's proprietary technology by stating "Excellent quality of product and its enormous clinical benefits." For the last 20 years, the lifespan of orthopedic and dental implants has been 10-12 years with revision rate of 17%. The ultra-pure (99+%) coatings developed by the NITI will increase the lifespan of these implants from 12 years to 20 years resulting in reduced revisions. It will also reduce the need of high strength painkillers. According to FDA report, current technology provides 30% - 66% pure coatings. Since this biomaterial is currently used in coatings of implants, therefore implants developed using this purer biomaterials will easily get the FDA 510K approval. It will be widely accepted by the surgeons because the cost of these coated implants will be significantly lower than the cost of existing coated implants.

NITI has completed the preclinical research and will market the products after animal studies in the next 1 year. NITI plans to introduce its products in Asian market in 1 year and capture Asian market first which is growing at the rate of 30%. NITI plans to market its products in the US after 3 years. NITI plans to license its technology to the existing players in the dental implants and stents business. Several partnerships for financing and marketing are being worked out. The worldwide market size of the orthopedic and dental implants is $25B per year with 15% growth rate. The growth rate of 15% will increase to 25% due to the longer life expectancy and unavailability of several painkillers for arthritis, resulting in $30B market by 2009. The major part of the revenue will be generated from the sales of orthopedic implants. The market share will grow rapidly because NITI‚s product will reduce pain and revision rate. NITI can capture 1% market in 4 years resulting in revenue of $300M. The reduction in the revision rate of hip and knee implants from 17% to 12% has the potential of saving $ 832M per year in the US alone which will provide driving force for exponential growth in the market share. Recently, recognized problem with the drug-coated stents "late stent thrombosis" can be solved using NITI‚s nanohydroxyapatite coating technology. NITI‚s nanohydroxyapatite coating technology will be licensed to the existing stent manufacturers which is $6B market. For general information, please visit http://www.nanointerfacetech.com . Certain statements included in this press release may constitute forward-looking statements.

####

For more information, please click here

Contacts:
Maya Sinha
Phone:
Fax:
E-mail:

Copyright © Nano Interface Technology, Inc.

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

Investments/IPO's/Splits

Harris & Harris Group to Host Conference Call on Second-Quarter 2014 Financial Results on August 15, 2014 July 23rd, 2014

Nanometrics Announces Upcoming Investor Events July 22nd, 2014

Harris & Harris Group Invests in UberSeq, Inc. July 16th, 2014

Harris & Harris Group Portfolio Company D-Wave Systems Closes a $28.4 Million Financing July 14th, 2014

Announcements

Harris & Harris Group to Host Conference Call on Second-Quarter 2014 Financial Results on August 15, 2014 July 23rd, 2014

UCF Nanotech Spinout Developing Revolutionary Battery Technology: Power the Next Generation of Electronics with Carbon July 23rd, 2014

Deadline Announced for Registration in 7th Int'l Nanotechnology Festival in Iran July 23rd, 2014

A Crystal Wedding in the Nanocosmos July 23rd, 2014

Events/Classes

NNCO Announces an Interactive Webinar: Progress Review on the Coordinated Implementation of the National Nanotechnology Initiative 2011 Environmental, Health, and Safety Research Strategy July 23rd, 2014

Harris & Harris Group to Host Conference Call on Second-Quarter 2014 Financial Results on August 15, 2014 July 23rd, 2014

Deadline Announced for Registration in 7th Int'l Nanotechnology Festival in Iran July 23rd, 2014

Iran to Hold 3rd Int'l Forum on Nanotechnology Economy July 22nd, 2014

Dental

New Powder Nanocomposite Miracle in Bone Recovery May 10th, 2014

Newly-Produced Bone Cement Able to Carry Medicine April 21st, 2014

Plasma tool for destroying cancer cells: Inducing biological tissue damage with an atmospheric pressure plasma source could open the door to many applications in medicine March 26th, 2014

Scientists develop world’s first light-activated antimicrobial surface that also works in the dark March 24th, 2014

NanoNews-Digest
The latest news from around the world, FREE



  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More














ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







© Copyright 1999-2014 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE