Thursday, January 20, 2005

A nano IPO and excuse to run a supermodel pic

Nano float to raise $9m (WA Business News)

    MeganADVANCED Nanotechnology, arguably the biggest commercial spin-out from a Western Australian university, has launched a $9 million initial public offering. The IPO values the eight-year old company at $33 million.

    The company has already spent $18 million developing its technology, using money raised from South Korean company Samsung Corning, private investors and government START grants.

    It currently has four products in the market, in the areas of sun-screens, cosmetics, industrial coatings, and fuel catalysts.

    Its best-known product is the transparent sunscreen ZinClear, which is also used in a range of products launched by supermodel Megan Gale. More here

Related News
Big budgets emerging for tiny products (, Nov. 30, 2004)
Nano sunblock safety under scrutiny (ABC Online, July 30, 2004)

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