NEW YORK /BUSINESS WIRE/ -- Advance Nanotech, Inc., the premier provider of financing and support services to expedite the commercialization of nanotechnology discoveries, announced the official opening of the University of Cambridge's new building for Electrical Engineering, incorporating the Centre for Advanced Photonics and Electronics (CAPE). Advance Nanotech is a major investor in the CAPE project, alongside Dow Corning Corp., ALPS Electric Co., and Ericsson Marconi Corp.
"We are very excited to be a part of the CAPE project. It is a groundbreaking engineering initiative and a promising collaboration between the University and its corporate partners," said Magnus Gittins, CEO of Advance Nanotech. "The engineers within this facility will be working on leading technology developments with the potential to shape the future of our society."
CAPE is an integrated research facility within the Electrical Engineering Department. The Electrical Engineering Department has a staff of 20 academics, 70 post-doctoral researchers, and 170 research students. CAPE is funded by Advance Nanotech, Alps Electric Co. Ltd., Dow Corning Corp., and Ericsson Marconi Corp. and is designed to bring research activities into development and exploitation in close collaboration with industry. The program enables designers and engineers within academia and industry to benefit from the burgeoning developments in advanced photonics and electronics. In the past five years, numerous patents have been filed and ten spin-off companies have been formed from projects that began in the Electrical Division within Cambridge's Department of Engineering.
Advance Nanotech is currently funding 26 nanotechnologies in the electronics, biopharma, and materials industries. The firm provides services ranging from funding to human capital and research equipment essential to ensuring that the most promising companies can accelerate the path to rapid commercialization. In this way, investor exposure to any particular technology is mitigated, with Advance Nanotech retaining the option to increase investment in those technologies that successfully mature.
For more information on the CAPE project or to view photos of the facility, please contact RJ Bardsley or Derek Brookmeyer at 415-623-2085.
About the University of Cambridge
The University of Cambridge's reputation for outstanding academic achievement is known worldwide and reflects the intellectual achievement of its students, as well as the world-class original research carried out by the staff of the University and the Colleges.
As Cambridge approaches its 800th anniversary in 2009, it is looking to the future. It continues to change in response to the challenges it faces. The modern University is an international centre of teaching and research in a vast range of subjects; about half of the students study science or technology. Members of the University have won over 60 Nobel Prizes.
About Advance Nanotech, Inc.
Advance Nanotech is dedicated to the successful commercialization of disruptive nanotechnologies to produce nano-enabled products. Advance 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 26 nanotechnologies, of which the company holds a majority stake in 21, impacts a range of applications, including, but not limited to, sensors, medical therapeutics, and composites. Advance is forging partnerships with leading manufacturers and universities in Europe, Asia, and North America to transform innovative nanotechnology concepts into practical solutions.