NANOIDENT Technologies AG, 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 (NYSE:TKC) (IST:TRKCL).
"We are very excited about NANOIDENT´s technology leadership
position in the fast-growing 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, user-friendly 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."
Images can be downloaded in high resolution at www.nanoident.com
For further information about MV Holding, please see
www.mvholding.com.tr/english/index.asp
For further information about NANOIDENT Technologies AG please
visit www.nanoident.com
