AsianScientist (Sep. 12, 2011) – Nanostart AG, a Frankfurt-based nanotechnology investment company, is increasing its stake in Singapore-based Microlight Sensors from 19 percent to 31 percent.
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 a build-up 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 fully-integrated optical sensor and scanning systems for specialty applications in the homeland security and commercial spectral instrumentation systems market.
Microlight Sensors’ products deliver equivalent daylight performance during night operations in conditions of extremely low light, by capturing extremely low-intensity light and radiation near the wavelength range of infrared light.
The sensors are deployed for civil security and monitoring purposes across all illumination conditions of the 24-hour cycle without sensor damage.
“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,” said Andreas Kröll, Managing Director of Nanostart subsidiary Nanostart Asia Pte Ltd in Singapore.
Microlight Sensors targets the domestic security market in the Asia-Pacific region, which is expected to increase by around 8.5 percent 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.
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Source: Nanostart AG.
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