Advance Nanotech Investment, Singular ID Named a Red Herring 100 Asia Winner; Award Recognizes the 100 Private Technology Firms in Asia Driving the Future of Technology
Singular ID provides individually tailored tagging solutions designed to combat counterfeiting and forgeries. The technology offers unique, irreproducible tags with nanoscale magnetic regions that act like fingerprints to identify each tagged item. The Singular ID investment falls within the Homeland Security division of Advance Nanotech.
“The level of entrepreneurial activity in Asia is no longer surprising”
"We are delighted that Singular ID has been chosen as a winner of the Red Herring 100 Asia award," said Dr. Gerhard Rebel, Senior Vice President of Technology for Advance Nanotech and a Director of Singular ID. "Red Herring is one of the hottest magazines covering emerging technologies and to be honored as one of their top 100 companies in Asia is a true testament to the hard work the Singular ID team has accomplished over the last year."
The Red Herring 100 Asia award, now in its second year and open only to private technology companies headquartered in Asia Pacific, is given to the top 100 Asian tech companies on the basis of technology innovation, management strength, market size, investor record, customer acquisition and financial health. The CEOs of the Top 100 companies are invited to present their winning strategies at Red Herring Asia 2006.
For the several past months, hundreds of companies in the telecom, Web 2.0, software, hardware, biotech and energy related industries from countries like Kazakhstan, Korea, China, India, Japan and the Philippines have sent their submissions to qualify for the award. At Red Herring Asia 2006, both the finalists and winners of the Top 100 will showcase their uniqueness and business potential.
The nominees were rigidly evaluated on both quantitative and qualitative criteria such as financial performance, technology innovation, quality of management, execution of strategy, and integration into their ecosystem. This unique assessment of potential is complemented by a review of the actual track record and standing of a company, allowing Red Herring to see past the "buzz" and make the list an invaluable instrument for discovering and advocating the greatest business opportunities in the industry.
"The level of entrepreneurial activity in Asia is no longer surprising," said Joel Dreyfuss, editor-in-chief of Red Herring. "The biggest shift is the emergence of innovative and disruptive companies that can play on the world stage."
About Red Herring
Red Herring is a sophisticated insider's guide to the business of technology, featuring unparalleled insights on the emerging technologies driving the economy, from the Internet to wireless communications and digital entertainment. Red Herring reports on how innovation and entrepreneurship are transforming business and how the business of technology is transforming the world, providing readers with a deep understanding of venture capital and capital markets. Recognized as an essential resource in today's fast-changing business world, Red Herring gets the right answers before anyone else even thinks to ask the questions. More information on Red Herring is available on the Internet at www.redherring.com.
About Singular ID Pte. Ltd.
Headquartered 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 Advance Nanotech, Inc.
Advance Nanotech commercializes nanotechnology products across a range of industries including homeland security, display technology and medical devices.
We identify patented, patent-pending and proprietary technologies at leading universities and fund the additional development of such technologies in exchange for the exclusive rights to commercialize any resulting products. By partnering with universities and leveraging the infrastructure and multi-disciplinary human resources of our university partners, we reduce our cost base and mitigate risk.
After prototypes are proven within the lab and we develop a product roadmap and business plan, we form majority owned subsidiaries around the specific technology. We seek to return value to our shareholders through the sale or licensing of the technology, by securing additional financing for the subsidiary from either the venture capital community or the capital markets, or by successfully executing our business plan and consolidating its income as the majority shareholder. For more information on Advance Nanotech, please visit www.advancenanotech.com.
This news release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based upon our current expectations and speak only as of the date hereof. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including the recent economic slowdown affecting technology companies, the future success of our scientific studies, our ability to successfully develop products, rapid technological change in our markets, changes in demand for our future products, legislative, regulatory and competitive developments and general economic conditions. Our Annual Report on Form 10-K and 10-K/A, recent and forthcoming Quarterly Reports on Form 10-Q and 10-Q/A, recent Current Reports and other SEC filings discuss some of the important risk factors that may affect our business, results of operations and financial condition. We undertake no obligation to revise or update publicly any forward-looking statements for any reason.