Deloitte’s report on the fourth industrial revolution revealed that 44% of Chief Experience Officers expect a significant impact from nanotechnology on their organisations. These impacts could be across a range of industries from healthcare to entertainment. For instance, ever wondered how cool it would be if you could convert the videos on your phone into 3D without having to wear 3D glasses?
While some may question the demand for 3D videos, it’s a concept that nanotech company Nanoveu (ASX: NVU) is bringing to life through its innovative films and coatings.
In the December quarter, Nanoveu reported receiving two purchase orders worth $350k and initiated a non-binding memorandum of understanding (MOU) with Rahum Nanotech Co., a South Korean company. The collaboration aims to facilitate the ongoing development, manufacturing, supply, and sales of products incorporating Nanoveu’s EyeFly3D film. As part of the agreement, the Company will create software and products that use EyeFly3D technology, enabling the display of Rahum’s visual content in 3D without requiring glasses.
Nanoveu also demonstrated Nanoshield Solar’s effectiveness at Daylily Nursery Farm, Tennessee, showing a 25.4% average increase in power output over 72 hours compared to untreated controls. These results highlight the potential of Nanoshield Solar to enhance efficiency and reduce maintenance, particularly for solar installations over 10 years old, a substantial portion of the global solar infrastructure.
The Rahum Nanotech Co. orders focus on advancing Nanoveu’s EyeFly3D™ technology for the latest smartphones, aiming to enable glasses-free 3D viewing on OLED-based devices. Nanoveu will develop specialised software for the optimal use of EyeFly3D™ film in presenting Rahum’s visual content in 3D.
Rahum will finance the creation of a patentable mould, ensuring compatibility across various smartphone models, including iPhones, Samsung, and other large-format models. This partnership extends beyond South Korea, highlighting the potential for growth and market expansion for Nanoveu’s innovative film technology, aligning strategically with current tech trends and consumer preferences.
On the US front, Nanoveu showcased the effectiveness of its Nanoshield Solar product in boosting the power output of older solar panels. Conducting a three-day test at Daylily Nursery Farm in Tennessee, USA, Nanoshield Solar demonstrated an impressive average power output increase of 25.4% compared to untreated solar panels.
The successful demonstration supports Nanoveu’s commercialisation efforts in the US, starting with the Southeast solar markets. As approximately 23GW of American solar installations approach the 15-year mark in the next five years, the need for significant maintenance or upgrades will arise. Nanoveu’s advanced and easy-to-apply coating technologies offer an efficient solution, improving performance and reducing maintenance costs for these older installations, presenting a substantial market opportunity.
Nanoveu has obtained commitments from current investors to raise $600,000 at $0.017 per share, including free attaching options. The funds raised in this Placement will be used for the development of the Company’s innovative films and coatings, Eyefly3D technology, and general working capital.
Alinda is a Business Reporter for The Sentiment
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