- About Us
- Career Center
- Nano-Social Network
- Nano Consulting
- My Account
* New equity capital in the tens of millions of dollars
* Strategic alliance includes equity participation, business cooperation and licensing agreement
* "Exciting new products that will address needs in the world's largest technology markets"
Samsung Electronics Co., Ltd. (GDR:SSNGY), a global leader in semiconductor, telecommunication, and digital technologies, is making a significant investment in Silicon Valley-based Nanosys, Inc., a portfolio company owned in part by Nanostart AG. Under the strategic alliance, Samsung and Nanosys will work together to create a new generation of cost effective, higher-efficiency products in the fields of solar, LED, memory, semiconductor, and display technology. In addition, the cooperation arrangement will accelerate the development of commercial applications of nano-architected materials for the electronics and thin film solar.
Under the terms of the deal, Samsung Electronics will contribute USD 15 million of new equity capital to Nanosys, along with additional funding and resources to co-develop products using Nanosys technologies. Samsung will also acquire licensing rights to the globally unparalleled nanotechnology portfolio from Nanosys. Existing investors will contribute a further USD 10 million in new equity.
"We believe that working closely with Nanosys will help us to develop exciting new products for our customers that will address needs in the world's largest markets across a number of technologies," said Seungho Ahn, senior vice president of the Intellectual Property Center, Samsung Electronics.
"Samsung is a clear leader in the electronics and solar sectors," said Jason Hartlove, CEO of Nanosys. "Not only does Samsung bring deep knowledge of solar, memory and display technologies and markets, they bring tremendous experience in scaling up new technologies, which will help us accelerate the development, production and market introduction of devices enabled by our nano-architected materials."
Marco Beckmann, CEO of Nanostart, added: "We are extremely pleased at the decision by Samsung to make this commitment to Nanosys. It demonstrates once again the enormous interest from major global corporations in our U.S. portfolio holdings."
Nanostart recently announced the acquisition of another of its U.S. portfolio companies, NanoGram Corporation, by Teijin Ltd. of Japan. Earlier this year, Swiss pharmaceutical and diagnostic giant Roche bought the primary product line of a third Nanostart U.S. holding, BioMicro Systems, Inc., in an asset sale transaction.
This notice constitutes neither an offer to sell nor a solicitation of offers to purchase or subscribe to securities. There will be no public offering of securities of Nanostart AG in conjunction with the existing listing of its shares in the "Entry Standard" segment of the regulated unofficial market (Freiverkehr) on the Frankfurt Stock Exchange. This notice does not constitute a securities prospectus. Neither this notice nor the information contained within is intended for direct or indirect distribution within the United States of America, Canada, Australia or Japan.
Nanostart AG, headquartered in the German financial capital of Frankfurt, is the world’s leading nanotechnology investment company, with portfolio companies spanning the globe from Silicon Valley to Singapore. The company provides venture capital financing for nanotechnology companies in various growth phases with a focus on innovation-driven industries of the future such as cleantech, life sciences and IT/electronics. Through its subsidiary and venture capital fund in Singapore, Nanostart is proud to be the investment partner of the Singaporean government. For further information about the company, please visit www.nanostart.de.
Nanosys, Inc. is a leader in the development of nanotechnology-enabled products utilizing high performance inorganic nanostructures. Nanosys has built one of the broadest technology platforms in the industry with more than 800 patents and patent applications covering fundamental areas of nanotechnology. Based in Palo Alto, California and privately held, Nanosys collaborates with industry leaders to develop revolutionary high-value, high-performance products in the areas of lighting, electronic displays, solar power and energy storage. More company information can be found at www.nanosysinc.com.
About Samsung Electronics
Samsung Electronics Co., Ltd. is a global leader in semiconductor, telecommunication, digital media and digital convergence technologies with 2009 consolidated sales of USD 116.8 billion. Employing approximately 188,000 people in 185 offices across 65 countries, the company consists of eight independently operated business units: Visual Display, Mobile Communications, Telecommunication Systems, Digital Appliances, IT Solutions, Digital Imaging, Semiconductor and LCD. Recognized as one of the fastest growing global brands, Samsung Electronics is a leading producer of digital TVs, memory chips, mobile phones and TFT-LCDs. For more information, please visit www.samsung.com.
For more information, please click here
Dr. Hans Joachim Dürr
phone: +49 (0)69-21 93 96 111
fax: +49 (0)69-21 93 96 122
Copyright © NanostartIf 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.
|Related News Press|
News and information
Display technology/LEDs/SS Lighting/OLEDs
Graphene-based transparent electrodes for highly efficient flexible OLEDS: A Korean research team developed an ideal electrode structure composed of graphene and layers of titanium dioxide and conducting polymers, resulting in highly flexible and efficient OLEDs June 5th, 2016
Artificial synapse rivals biological ones in energy consumption June 21st, 2016
Nanometrics Announces Upcoming Investor Events May 10th, 2016
Soft decoupling of organic molecules on metal June 23rd, 2016
Scientists engineer tunable DNA for electronics applications June 21st, 2016
FEI and University of Liverpool Announce QEMSCAN Research Initiative: University of Liverpool will utilize FEI’s QEMSCAN technology to gain a better insight into oil and gas reserves & potentially change the approach to evaluating them June 22nd, 2016
Novel capping strategy improves stability of perovskite nanocrystals: Study addresses instability issues with organometal-halide perovskites, a promising class of materials for solar cells, LEDs, and other applications June 13th, 2016