Aug. 8, 2005 — Advance Nanotech Inc. (OTC.BB: AVNA), a provider of financing and support services to drive the commercialization of nanotechnology, announced the acquisition of an approximately 10 percent equity stake in Singular ID, a nanotechnology spin-off company from the Institute of Materials Research and Engineering (IMRE) in Singapore.
The company said that as Singular ID commences commercialization of its technology, Advance Nanotech’s Stephanie Interbartolo will assume a seat on Singular ID’s board of directors.
Singular ID provides individually tailored tagging solutions designed to combat counterfeiting and forgeries. Advance Nanotech intends to help Singular ID further develop and commercialize the technology.