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NANOIDENT
Technologies, the world leader in the development and
production of printed semiconductor-based sensors, and Pan-European
investment company MV Holding today announced MV Holding’s
investment in NANOIDENT. The funds will be used to accelerate
NANOIDENT’s growth and further develop its established first
mover advantage in an industry that analyst firm IDTechEx estimates to
be worth $300 billion by 2025. NANOIDENT’s printed
semiconductor solutions address many high-value applications that
traditional silicon-based semiconductors cannot.
Founded in 1993 by Murat Vargi, MV Group is composed of
uniquely positioned assets. Having created the sector leaders in
telecom services and distribution, the Group has later invested in
media, energy and real estate, in existing assets with proven edge and
high growth potential. The Group has also ventured in international
investments through stakes in a residential conversion project in NYC
and recently in a US-based technology start-up, HAKIA.com.
MV Holding’s President Murat Vargi, on Forbes 2007
list of the World’s Billionaires, is one of the founding
shareholders of the second biggest GSM operator in Europe, listed on
the Istanbul and New York Stock Exchanges.
“We are very excited about NANOIDENT’s
technology leadership position in the fastgrowing printed semiconductor
market, and can see that its solid scientific and industrial background
and its globally unique factory for printed sensors puts NANOIDENT
several years ahead of any potential competition,” said MV
Holding President Murat Vargi. “MV Holding has always
invested carefully and selectively. After an extensive review process,
we are confident that NANOIDENT will provide a strong and sustainable
ROI (return on investment), and look forward to a long and prosperous
relationship with this innovative company.” The associated
funds will be invested in the company’s strategy to transform
its technological leadership into commercial growth by focusing on
customized solutions for high-growth market segments. The subsidiaries
created to concentrate on these segments are:
- BIOIDENT Technologies Inc. provides the first low-cost
mobile lab-on-a-chip system for instantaneous analysis and diagnostics
in environmental, healthcare, and security applications. This
eliminates the need to send samples away for laboratory testing,
resulting in significant cost and time savings.
- NANOIDENT Biometrics GmbH is developing a complete suite of
highly reliable, userfriendly multimodal biometric security solutions.
This technology enables recognition of a broad variety of biometric
traits for more reliable and secure personal authentication in next
generation mobile phones, smart cards, and PCs as well as virtually any
other security application.
“This is a great day for NANOIDENT but also for our
shareholders, our customers and our partners,” said Klaus
Schroeter, CEO of NANOIDENT Technologies AG. “This funding
allows us to accelerate development and commercialization of our
printed semiconductor solutions for an established blue chip partner
base. Our technology enables us to develop a wide range of exciting new
life-science, security, and industrial applications and with this
financing we can pursue the associated opportunities.”
Posted 22nd January 2008
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