Home > Press > Nanostart increases shareholding in Singapore medical technology company BioMers
* Unique position in multi-billion global market for aesthetic orthodontic devices
* Sales and marketing to be expanded into all key markets worldwide
* Nanostart ownership increased to about 25 percent
Nanostart increases shareholding in Singapore medical technology company BioMers
Frankfurt / Singapore | Posted on August 14th, 2010
Nanostart AG has increased its ownership share in Singapore-based BioMers Pte Ltd. The proceeds from this current round of financing are to be used to expand the company's global sales network, especially in Europe and the USA. In particular, the company plans to hire new staff as well as to invest in wide-ranging sales and marketing activities. A further investment objective is to automate the company's production, which takes place in its Singapore headquarters.
BioMers produces innovative polymer composite wires based on nanotechnology. Its first successful commercial application has been in orthodontic wires used for braces and retainers. Until now, these wires had to be made of metal in order to have the needed physical properties. With its revolutionary technology, BioMers is now the world's only company able to produce these from clear or colored translucent plastic and thus to make braces and retainers which are aesthetically pleasing. This breakthrough provides the company with a decisive competitive advantage, giving it the potential to fundamentally transform the global market for orthodontic devices. BioMers offers a complete set of products for aesthetic orthodontic treatment.
"BioMers has a truly unique product portfolio in the field of orthodontics which fits very well with the current market trend," remarked Andreas Kröll, managing director of Singapore-based Nanostart subsidiary Nanostart Asia Pte Ltd. "The global market for braces is becoming much more oriented toward aesthetics, and this market - as well as the return potential for investors - is enormous."
Nanostart holds its position in BioMers as lead investor through its Nanostart Singapore Early Stage Venture Fund. With this transaction, the fund's shareholding in BioMers rises from 16 to about 25 percent.
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.
BioMers Pte Ltd is a spin-off of the world-renowned National University of Singapore (NUS). Using the company’s proprietary technology, originally developed at NUS, extremely strong nanofiber-reinforced polymer composites can be produced for various biomedical applications. These first of these revolutionary innovations to be brought to market are the company’s aesthetic products for orthodontic applications, including translucent wires for braces and translucent retainers. Further information may be found at www.biomersbraces.com.
Dr. Hans Joachim Dürr
phone: +49 (0)69-21 93 96 111
fax: +49 (0)69-21 93 96 122
Copyright © Nanostart
If you have a comment, please Contact
Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.
News and information
East China University of Science and Technology Purchases Nanonex Advanced Nanoimprint Tool NX-B200 July 30th, 2014
Watching Schrödinger's cat die (or come to life): Steering quantum evolution & using probes to conduct continuous error correction in quantum computers July 30th, 2014
From Narrow to Broad July 30th, 2014
FLAG-ERA and TNT2014 join efforts: Graphene Networking at its higher level in Barcelona: Encourage the participation in a joint transnational call July 30th, 2014
Harris & Harris Group Invests in Unique NYC Biotech Accelerator July 29th, 2014
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
University of Manchester selects Anasys AFM-IR for coatings and corrosion research July 30th, 2014
Nature inspires a greener way to make colorful plastics July 30th, 2014
Analytical solutions from Malvern Instruments support University of Wisconsin-Milwaukee researchers in understanding environmental effects of nanomaterials July 30th, 2014
FEI Unveils New Solutions for Faster Time-to-Analysis in Metals Research July 30th, 2014
Nanotechnology used in sunscreens: a Mexican achievement May 14th, 2014
Production of Nanocapsule from Sea-Buckthorn Extract in Iran May 3rd, 2014
Good vibrations: Using light-heated water to deliver drugs - Researchers use near-infrared light to warm water-infused polymeric particles April 1st, 2014
Iranian Food Industry Utilizes Lipid Nanocarriers for Beta-Carotene Enrichment January 23rd, 2014
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