Nanostart invests in Singaporean optical engineering group

Initially the fund will take a 19% stake; in following tranches of the agreed but undisclosed investment amount, Nanostart will own 31% of the company.

 

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. The company targets the domestic security market in the Asia-Pacific region, which in 2007 was estimated to represent nearly 21% of the global market.

 

Andreas Kroll, MD of Nanostart Asia, said of the portfolio company, "Microlight Sensors currently possesses cutting-edge technology in an expanding market that is still being developed. We see above-average growth opportunities, which is why we decided to make this investment."

 

Victor Teo, founder and CEO of Microlight believes they have "found the right partner with Nanostart. The company possesses enormous commercialization expertise as well as the ability to facilitate further growth of Microlight through its international network."

 

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• Southeast Asia