Nov. 15, 2005 – Singular ID is the winner of Nanochallenge 2005, an international business plan competition for nanotechnology-based ideas, whose final event took place in Padua, Italy, last weekend. The winner receives a package of direct investment and services worth $350,000 to set up operations in Italy.

Adrian Burden and Peter Moran are the founders of Singular ID, a nanotechnology spin-off licensing core technology from the Agency for Science Technology and Research, Singapore. Their project focuses on the commercialization of magnetic tags for the protection of people, brands, corporate images and market shares.

Singular ID offers such a system through an integrated solution comprising tags, portable scanners, and a centralized authentication database. The tags are based on a patent protected nanotechnology that uses composite magnetic materials to create ‘fingerprints’ or ‘signatures’ on a very fine size scale. Consequently, these features are prohibitively difficult, if not impossible, to replicate.

“For Singular ID this means we can set up our European operations ahead of schedule,” Burden said in a prepared statement. “We will be drawing up the detailed plans over the coming months, but Singular ID Europe will comprises a business development office and applications laboratory that leverages on the nanotechnology facilities that have recently opened in the Veneto cluster.”