Nanostart increases stake in Singapore-based optical sensor technology firm Microlight Sensors
Sep 12, 2011
OTC Disclosure News Service
Frankfurt / Singapore –
- Fund investment increased from 19% to 31%
- Development, production and sales of high-tech optical systems
- Products for fast-growing USD 20 billion market in Asia
As planned, Nanostart AG (OTCQX: NASRY) isincreasing its stake in Singapore-based Microlight Sensors to 31%. This stemsfrom payment of a second tranche from the round of financing concluded back in2010. The additional funds will go into commercial expansion, in particularbuildup of marketing and sales structures in Asia, seed financing for ordersand projects, and development of innovative sensor technologies.
Founded in 2006, Microlight Sensors develops, manufactures, and sellsoptical systems, instruments, and components for optical sensor technologies.Microlight Sensors’ current products make it possible to capture extremelylow-intensity light and radiation near the wavelength range of infrared light.They are deployed for civil security and monitoring purposes, across allillumination conditions of the 24hrs cycle without sensor damage. The sensorsdeliver equivalent daylight performance during night operations in conditionsof extremely low light.
Andreas Kröll, Managing Director of Nanostart subsidiary Nanostart AsiaPte Ltd in Singapore, commented: “We are delighted with Microlight’sperformance since the initial investment at the end of 2010. With this in mind,we are pleased to be able to build up our stake.”
Microlight Sensors targets the domestic security market in theAsia-Pacific region, which is expected to increase by around 8.5% per year. Therapid growth forecast can in part be explained by growing civil securityrequirements and the prevalence of antiquated systems to be replaced.
Nanostart, the lead investor, is investing in Microlight through theNanostart Singapore Early Stage Venture Fund. The fund is increasing its stakein Microlight from 19% to around 31%.
Nanostart AG (OTCQX: NASRY), headquartered in the German financial capital ofFrankfurt, is the world’s leading nanotechnology investment company, withportfolio companies spanning the globe from Silicon Valley to Singapore. Thecompany provides venture capital financing for nanotechnology companies invarious growth phases with a focus on innovation-driven industries of thefuture such as cleantech, life sciences and IT/electronics. Through itssubsidiary Nanostart Asia and venture capital fund in Singapore, Nanostart isproud to be the investment partner of the Singaporean government. For furtherinformation please visit www.nanostart.deand www.nanostart-asia.com.
Microlight Sensors designs, develops and assembles fully-integrated opticalsensor and scanning systems for specialty applications in the homeland securityand commercial spectral instrumentation systems market. Microlight’s uniquehigh-end optical systems are attributed to its proprietary sensor designs andin-house professional team of optical designers and engineers, providingMicrolight the capabilities to “tailor-make” optical systems with strictquality assurance controls for customers. Microlight has developed strongactive partnerships with institutions and customers worldwide.
This notice constitutes neither an offer to sell nor a solicitation of offersto purchase or subscribe to securities. There will be no public offering ofsecurities of Nanostart AG in conjunction with the existing listing of itsshares in the “Entry Standard” segment of the regulated unofficial market (Freiverkehr)on the Frankfurt Stock Exchange. This notice does not constitute a securitiesprospectus. Neither this notice nor the information contained within isintended for direct or indirect distribution within the Canada, Australia orJapan.
Head of Coporate Communications
Dr. Hans Joachim Dürr
phone: +49 (0)69-21 93 96 111
fax: +49 (0)69-21 93 96 122
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.