FRANKFURT, Germany & SINGAPORE--(BUSINESS WIRE)--As planned, Nanostart AG (OTCQX:NASRY) is increasing its stake in Singapore-based Microlight Sensors to 31%. This stems from payment of a second tranche from the round of financing concluded back in 2010. The additional funds will go into commercial expansion, in particular buildup of marketing and sales structures in Asia, seed financing for orders and projects, and development of innovative sensor technologies.
Founded in 2006, Microlight Sensors develops, manufactures, and sells optical systems, instruments, and components for optical sensor technologies. Microlight Sensors’ current products make it possible to capture extremely low-intensity light and radiation near the wavelength range of infrared light. They are deployed for civil security and monitoring purposes, across all illumination conditions of the 24hrs cycle without sensor damage. The sensors deliver equivalent daylight performance during night operations in conditions of extremely low light.
Andreas Kröll, Managing Director of Nanostart subsidiary Nanostart Asia Pte Ltd in Singapore, commented: “We are delighted with Microlight’s performance 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 the Asia-Pacific region, which is expected to increase by around 8.5% per year. The rapid growth forecast can in part be explained by growing civil security requirements and the prevalence of antiquated systems to be replaced.
Nanostart, the lead investor, is investing in Microlight through the Nanostart Singapore Early Stage Venture Fund. The fund is increasing its stake in Microlight from 19% to around 31%.
About Nanostart:
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
Nanostart Asia 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
and www.nanostart-asia.com.
About Microlight:
Microlight Sensors designs, develops and
assembles fully-integrated optical sensor and scanning systems for
specialty applications in the homeland security and commercial spectral
instrumentation systems market. Microlight’s unique high-end optical
systems are attributed to its proprietary sensor designs and in-house
professional team of optical designers and engineers, providing
Microlight the capabilities to “tailor-make” optical systems with strict
quality assurance controls for customers. Microlight has developed
strong active partnerships with institutions and customers worldwide.
Disclaimer:
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
Canada, Australia or Japan.