Home > Press > Singapore’s Prime Minister presents Nanostart holding BioMers to the nation
- Nationwide live broadcast of National Day Rally speech
- BioMers cited as example of successful local start-up
- Singapore fund holds a 24.7 percent stake
A video with the relevant section of his speech is available here (BioMers from 12 minutes 50 seconds):
Singapore’s Prime Minister presents Nanostart holding BioMers to the nation
Frankfurt / Singapore | Posted on August 16th, 2011
In his National Day Rally speech this weekend, Lee Hsien Loong, Prime Minister of Singapore, expressly mentioned Nanostart (OTCQX: NASRY), holding BioMers as an example of a successful start-up company set up by students of the National University of Singapore (NUS). "The success story of the local start-up behind the world's first translucent dental braces shows why it is important to have a good mix of local and foreign students in universities here", said the premier.
During his speech, he showed a picture of the team with dental models on the screen. Referring to the braces, he said: "You can't see it on the teeth, because it is meant to be invisible. So you can look beautiful or handsome even while they are straightening your teeth."
BioMers has already obtained approval for its products in the USA, the European Union and various countries in Asia, and is in the process of marketing its products internationally. The Nanostart Singapore Early Stage Venture Fund, which Nanostart holds in conjunction with the government of Singapore, has a 24.7 percent stake in BioMers.
The National Day Rally is an annual speech that Singapore's Prime Minister delivers to the entire nation on the second Sunday after August 9, National Day, addressing key challenges and future developments.
The speech was made on August 14 at the University Cultural Centre in Singapore and broadcast live on television and radio. In the section of his speech in which he mentioned BioMers, the Prime Minister was talking about Singaporean and foreign students at the country's universities.
About Nanostart AG Nanostart AG (OTCQX: NASRY), 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, please visit www.nanostart.de.
BioMers is a medical device company that has developed novel polymer composite products for numerous biomedical applications. The company’s flagship product is the SimpliClear™ braces system, which is the world’s first and only aesthetic solution for all types of orthodontic treatments. This translucent, almost invisible braces system is customized to each patient, providing faster and better results. Established in 2005, BioMers is a spin-off company from the National University of Singapore, where the technology was invented. BioMers has received seed funding from NUS Enterprise, venture capital funding from the Nanostart Singapore Early Stage Venture Fund, and grants from government agencies, including SPRING Singapore and the Economic Development Board. For more information, visit www.biomersbraces.com
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 Canada, Australia or Japan.