Nanotechnology Now

Our NanoNews Digest Sponsors


Heifer International

Wikipedia Affiliate Button


DHgate

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

ORIG3N Added to Companies Presenting at Harris & Harris Group's Annual Meeting, Tuesday June 7, 2016, the New York Genome Center April 27th, 2016

Aspen Aerogels to Present at the 28th Annual ROTH Conference March 14th, 2016

Harris & Harris Group Announces Formation of Co-Investment Fund for Accredited Investors March 9th, 2016

Arrowhead to Present at Upcoming March Conferences March 1st, 2016

Announcements

Little ANTs: Researchers build the world's tiniest engine May 3rd, 2016

An Experiment Seeks to Make Quantum Physics Visible to the Naked Eye May 3rd, 2016

Quantum sensors for high-precision magnetometry of superconductors May 3rd, 2016

New drug-delivery approach holds potential for treating obesity May 2nd, 2016

Events/Classes

Non-animal approach to predict impact of nanomaterials on human lung published Archives of Toxicology publishes workshop recommendations May 2nd, 2016

Researchers create a first frequency comb of time-bin entangled qubits: Discovery is a significant step toward multi-channel quantum communication and higher capacity quantum computers April 28th, 2016

Introducing the RE標ORK Bio-inspired Robotics Summit in Berlin April 27th, 2016

ORIG3N Added to Companies Presenting at Harris & Harris Group's Annual Meeting, Tuesday June 7, 2016, the New York Genome Center April 27th, 2016

Dental

Nano-shells deliver molecules that tell bone to repair itself January 16th, 2016

The artificial materials that came in from the cold: Berkeley Lab researchers develop nature-mimicking freeze-casting technique for fabricating advanced porous materials December 14th, 2015

Graphene oxide could make stronger dental fillings: Study reveals new filling material material that is not toxic to teeth December 4th, 2015

Details from the inner life of a tooth: New X-ray method uses scattering to visualize nanostructures November 21st, 2015

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







Car Brands
Buy website traffic