New Asia Investments increases share of Singaporean cleantech company MINT
- Share of fund increased from 18 to 28 percent
- International expansion and marketing
Singapore – June 6, 2012 – New Asia Investments (formerly Nanostart Asia Pacific) is increasing its share in the Singaporean company Membrane Instruments and Technologies Pte Ltd (MINT) from 18 to 28 percent. The investment in MINT will take place through the Singapore focused side fund which is managed by New Asia Investments. The funds will flow in particular to additional marketing of the Membrane Integrity Sensor and its international rollout.
The Membrane Integrity Sensor is currently the flagship product from MINT. It is a sensitive analysis system for continuous and reliable online monitoring of water quality at water treatment facilities. The system was developed at the Nanyang Technological University in Singapore and introduced to the market last year. As the first MINT product available on the market, the sensor is already in use at several facilities. The public water supplier (Public Utilities Board) in Singapore is a customer.
MINT specializes in monitoring and optimizing water treatment facilities. This allows operators to achieve significant cost savings and increase efficiency. The company develops a portfolio of sensors to record various parameters of water treatment facilities.
About New Asia Investments:
New Asia Investments Pte Ltd was established in Singapore in 2012 with the goal to explore the growth markets of Asia. Via its predecessor companies, it has been active in Singapore since 2008. As a venture capital investment company, New Asia Investments invests in young, up-and-coming technology companies which are approaching market launch or have innovative products already on the market. In Singapore, it invests as a partner of Singapore government via a separate side fund. New Asia Investments is led by experienced management and its shareholders include a number of strategic investors based in Asia, which support the company’s expansion actively with their network and experience.
Membrane Instruments and Technology Pte. Ltd. (MINT) is a spin-off from the Nanyang Technological University (NTU) of Singapore, with the aim of becoming a leader in membrane instrumentation and optimization technology for the water treatment industry. Membrane processes are set to be the next standard for water and wastewater treatment. MINT designs and develops automated control systems which receive signals from nanotechnology-enabled sensors, predict the performance of the plant and implement the correct control strategies, resulting in significant cost savings. MINT’s flagship product has been validated by Singapore’s national water agency. For further information please visit www.mintmembranes.com.