April 13, 2006 — NanoMaterials Technology Pte Ltd, a Singapore company that develops and commercializes production technologies for nanomaterials, opened its new $1.54 million facility officially on Monday.

The company was founded in 2000 and currently has 20 employees. It counts amongst its customers 3M and Weyerhaeuser from the U.S., BASF from Germany and other multinational companies from Europe and Japan, according to a news release.

It recently concluded a funding round, bringing its total funding to date to $7.7 million. A new laboratory, which includes a GMP facility and pharmaceutical and chemical laboratories, has been set up and the company says it is looking to boost its R&D headcount to 30.

The company said its technology for the production of nano-precipitated calcium carbonate, the first nanomaterial developed by the company, has been out-licensed to several companies for industrial production. The material has also been used in nano-composite development and in the paper industry.

NanoMaterials Technology has also developed electronic materials and has worked on several nano-drug compounds in solid oral form and for inhalation delivery and is actively targeting the pharmaceutical and drug delivery industry.