Advance Nanotech Portfolio Investment Singular ID Signs Manufacturing Agreement with Aurigin Technology; Aurigin Technology to Manufacture Singular ID Tags
Singular ID has developed an integrated system to prevent both counterfeiting and product diversion, a key component of which are tags containing micro- and nanometer sized magnetic features that are prohibitively difficult to fake and so confer a unique identity to the item to which they are attached. These tags are authenticated using proprietary scanners that make a connection back to a remote and secure database.
“We are extremely pleased that Aurigin Technology has agreed to work with us as we scale-up the manufacturing of the various components of our anti-counterfeiting system. This alliance completes our manufacturing supply chain; enabling us to turn our precursor materials into tags that can then be converted into labels.”
Dr Peter Moran, Chief Technology Officer of Singular ID comments "We are extremely pleased that Aurigin Technology has agreed to work with us as we scale-up the manufacturing of the various components of our anti-counterfeiting system. This alliance completes our manufacturing supply chain; enabling us to turn our precursor materials into tags that can then be converted into labels."
One key aspect of Singular ID's technology is that it can be tailored for a variety of different applications, both in terms of the format and the operating characteristics. It was therefore important for Singular ID to identify a partner with whom automated manufacturing equipment and high volume processes could be designed and developed that remain modular and flexible as different applications are developed.
Moreover, Aurigin Technology is keen to become more involved in the manufacturing of components that utilize their equipment. Therefore, a key element of this agreement includes an option to enable Aurigin Technology to provide a contract manufacturing service for the tags, supplying them as a component for label conversion.
"We always remain vigilant for opportunities to add value to our operations in the high technology equipment and process arena. Agreeing to work with Singular ID in this way, we are able to leverage on our experience with RFID industry and augment our existing business. In the future, we look forward to playing an ever increasing role in the brand protection and security business," state Mr. Lim Ee Teoh, Managing Director of Aurigin Technology.
Singular ID and Aurigin Technology have already been collaborating for a number of months, designing and constructing the equipment so as to bring the first high volume manufacturing system on line early in 2006.
About Singular ID Pte. Ltd.
Head-quartered in Singapore, Singular ID is a nanotechnology spin-off company that was founded to commercialize magnetic tagging technology. With a mission to safeguard customers' interests by providing integrated tagging solutions that protect people, brands, corporate images and market share, Singular ID aims to be the leading solution provider for tracing and authenticating items of value. To achieve this, Singular ID works closely with its clients to tailor its technology to meet specific customer requirements. This may involve undertaking pilot projects where beneficial. For companies who wish to understand more about nanotechnology and the applicability of different brand protection technologies, Singular ID also offers a consultancy service to evaluate the options and create a roadmap for their implementation. Singular ID has licensed core technology from the Agency for Science Technology and Research (A*STAR), Singapore.
About Aurigin Technology Pte. Ltd.
Aurigin Technology Pte. Ltd. designs, develops and manufactures automation machines and manufacturing solutions for use in the Advanced Semiconductor Packaging and Smart Labels / RFID industries. The company has also designed and built specialized equipment for optoelectronic component inspection, MEMS testing, as well as the photonics and hard disk drive industries. Aurigin Technology prides itself on being an agile and innovative solution provider, and was recognized in 2003 by being awarded the prestigious Singapore Industrial Automation Award. It has recently opened an office in Phoenix, Arizona to support and develop its business in the US.
About Advance Nanotech Inc.
Advance Nanotech Inc. is dedicated to ensuring the successful commercialization of disruptive nanotechnologies. The firm provides financing and support services including commercialization guidance, project and infrastructure management, leadership assets and counsel on intellectual property, licensing and regulatory issues to ensure maximum market potential. Advance Nanotech's diversified portfolio of 23 nanotechnologies, in which the firm takes a majority position, impacts a range of applications, including sensors, medical therapeutics and composites, among others. Advance Nanotech continues to forge partnerships with leading manufacturers and universities in Europe, Asia and North America to transform innovative nanotechnology concepts into practical nano-enabled products.