Myant Corp from the Canadian province of Ontario has taken over two companies based in the Greater Zurich Area, Nanoleq from Rümlang and Osmotex from Thalwil. As detailed in a press release, the Canadian company will also establish headquarters in the canton of Zurich to serve its business in Europe and the Middle East. Myant is a supplier of advanced materials for healthcare applications. It uses Artificial Intelligence in textile interfaces that function like a networked second skin and facilitate seamless interaction with the digital world.
Myant CEO Tony Chahine welcomes Nanoleq to the Myant Group with “huge enthusiasm”. The spin-off from the Swiss Federal Institute of Technology in Zurich develops elastic electric cables, dry electrodes and biosensor technologies, referred to as bodyGuards. These components for smart sports apparel and workwear enable the monitoring of vital functions in real time, for example by wearing a t-shirt while jogging, cycling or in the gym. “The combination of Nanoleq’s expertise in the field of electrically conductive silicones for biosensors with Myant’s medical expertise makes this acquisition a logical step”, comments Nanoleq-CEO Vincent Martinez.
The DeepTech firm Osmotex has been part of a joint venture with Myant since 2019. Its technologies, developed in partnership with the Zurich University of Applied Sciences, enable precise control of moisture and particles in membranes and textiles with their billions of channels and pores. According to Tony Chahine, the technology is suited to an array of potential application areas, including as “smart wound dressings for rapid healing and firefighter uniforms to avoid dangerous heat stress”. With Myant, Osmotex CEO Trond Heldal now sees his company as being “in a position to maximize the benefits of our technologies”. ce/mm
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