Upstreaming employees sources from Singapore, Vietnam, Japan and China with leverage on higher skillsets, Nanofilm could consider equities and resources opportunities from neighboring Malaysia to steer focus businesses enhancements post-pandemic.
by Alexander Solomon
NanoFilm is Asia’s nanotechnology solutions leader with strong innovation DNA, founded in 1999 as a high-tech spinoff from Nanyang Technological University, specializing in advanced materials and nanoproducts.
On 13 October 2017, The Straits Times published “Nanofilm CEO Shi Xu named EY Entrepreneur Of The Year 2017 Singapore”
Dr Shi Xu, chief executive at Nanofilm Technologies International, was named EY Entrepreneur Of The Year 2017 Singapore by professional services organisation EY.
This was announced at the 16th awards gala held at The Ritz-Carlton, Millenia Singapore, on Friday night.
Dr Shi, who was also named the EY Entrepreneur Of The Year for advanced manufacturing, will be Singapore’s representative at the EY World Entrepreneur Of The Year event to be held in Monte Carlo, Monaco in June 2018.
Friday, 23 Oct 2020, it was published on Malaysia’s The Star, “Nanofilm IPO hugely oversubscribed.”
The bookbuild portion of Singapore’s Nanofilm Technologies International’s up to S$510 million ($375 million) initial public offering (IPO) has been subscribed about 19 times, two sources with knowledge of the matter said on Friday.
Demand for the bookbuild segment came in at about S$4.4 billion versus the S$230 million worth of shares being offered, said one of the sources who declined to be named as the information is not public.
“This is a total blow out. We had to stop taking orders early,” said another source.
The IPO is set to be the largest on the Singapore Exchange in recent years, excluding those from real estate investment trusts for which the exchange has become a global hub over the past decade.
On Monday, 21 April 2021, the Business Times of Singapore published, “Nanofilm seeks opportunities in hydrogen with Temasek joint venture.”
MAINBOARD-LISTED Nanofilm Technologies has entered into a non-binding term sheet for a joint venture with Temasek to tap opportunities in the hydrogen energy economy.
Sydrogen Energy, the joint venture between the nanotechnology solutions provider and Temasek subsidiary Venezio Investments, will apply Nanofilm’s advanced materials surface solutions to critical components in fuel cell and electrolyser systems.
This venture seeks to bring about a “tipping point” in the mass commercial adoption of the proprietary technology and fast-track the commercialisation of a wide range of fuel cell applications, Nanofilm said in a statement on Monday.
On Wednesday, 28 April 2021 the Business Times of Singapore published, “Nanofilm could defer selected projects amid global chip shortage”
The company had on April 19 announced that it had entered into a non-legally binding term sheet with Temasek to jointly invest in Sydrogen.
NANOFILM Technologies on Tuesday said it is “preparing for the possibility of deferment of selected 3C projects from its initial production schedules” as a result of the current global chip shortage situation.
Said Nanofilm: “Through the application of Nanofilm’s advanced materials surface solutions to critical components in fuel cell and electrolyser systems, Sydrogen is poised to potentially bring about a tipping point in the mass and widespread commercial adoption of these technologies.”
Disclaimer: This is not a paid or sponsored article. The sources and information quoted are to correct time of reference. Opinions herewith are not intended to market make or manipulate trading interests of any parties. Readers may/may not forecast trading decisions from these findings. Alexander Solomon bears no responsibility to market adjustments due from publish of this report.
Alexander Solomon is an independent industry commentator and the author of adventure novels ‘Aces High @ 23 Wall Street’ and ‘F-A-M-E ‘ze Great’. He has worked in Singapore Police Force, Singapore International Monetary Exchange, Singapore Exchange, Mediacorp and Philip Capital.