Nanotechnology Now







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

Malaysian Nanotechnology Company Nanopac Innovation Ltd. lists on the NSX January 19th, 2015

Aspen Aerogels, Inc. to Present at the Needham Growth Conference January 8th, 2015

Blend Therapeutics Secures $21 Million Financing and Unveils Novel Pentarin™ Platform for Cancer Therapeutics: Company’s Technology and Expertise in Cancer R&D Evolve to Create New Class of Miniaturized Biologic Drug Conjugates (mBDCs) Encapsulated in Nanoparticles January 8th, 2015

Nanometrics to Announce Fourth Quarter and Full Year Financial Results on February 2, 2015 January 7th, 2015

Announcements

Iranian Researchers Planning to Produce Edible Insulin January 28th, 2015

Nanoparticles that deliver oligonucleotide drugs into cells described in Nucleic Acid Therapeutics January 28th, 2015

'Bulletproof' battery: Kevlar membrane for safer, thinner lithium rechargeables January 28th, 2015

Spider electro-combs its sticky nano-filaments January 28th, 2015

Events/Classes

Pittcon News: Renishaw adds to the comprehensive imaging options available with its inVia confocal Raman microscope January 27th, 2015

Nanometrics to Present at the Stifel 2015 Technology, Internet and Media Conference January 27th, 2015

Toyocolor to Launch New Carbon Nanotube Materials at nano tech 2015 January 24th, 2015

NANOPOSTER 2015 - 5th Virtual Nanotechnology Conference - call for abstracts January 24th, 2015

Dental

A potential long-lasting treatment for sensitive teeth January 7th, 2015

Nanocomposites Strengthen Bone Implants November 13th, 2014

NYU Researchers Break Nano Barrier to Engineer the First Protein Microfiber October 23rd, 2014

Nanoparticles Used to Improve Quality of Bone Cement September 29th, 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 1999-2015 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE