PanaceaNano, the US-based company focusing in nanotechnology solutions, aims to be part of UAE’s focus on utilising science and technologies for the country’s development and its people’s prosperity.
As part of UAE’s economic diversification and growth plans, the government recently launched a policy document detailing strategies for the adoption of technologies inherent to the fourth industrial revolution. Contained within the ‘UAE Strategy for the Fourth Industrial Revolution’ are possibilities for the use of nanotechnology in various fields, such as in the healthcare industry, specifically for the delivery of ‘telemedicine’ through the development of cutting-edge wearable and implantable medical technologies, according to the firm.
“Knowing the current and future opportunities in the UAE market, we are keen to bring our expertise and technologies through collaboration and other means in a bid to advance scientific knowledge, its applications, and human life,” said Youssry Botros, co-founder and CEO of PanaceaNano. “Because of the nature of nanotechnology, we cannot have an exhaustive list of its applications. Therefore, it is completely conceivable that nanotechnology will be involved in many if not every aspect of our lives.”
PanaceaNano’s recently made a breakthrough in high-volume production capabilities of the patented Organic Nano Cube (ONC) technology, and the 2016 Nobel-prize winning molecular machines technology developed by the company’s co-founder and CTO, Sir Fraser Stoddart. Stoddart, the 2016 Nobel Laureate and PanaceaNano’s CTO is expected to speak at the firm’s technology update event on 4th December in Dubai, UAE.
Applications for nanotechnology in the healthcare sector are numerous with various studies across the globe detailing its uses in drug delivery, surgery, and in cancer treatment. But, even in non-biological science based industries there are applications for nanotechnology with disruptive nature. For instance, advanced molecular engineering nanotechnologies are promising radical solutions to water desalination, water purification, green energy generation and storage. PanaceaNano’s roadmap addresses all these critical areas, said the firm.
Nanotechnology has also found applications in public safety in the UAE. Used in fighting fires, the Dubai Civil Defence (DCD) will work to establish a manufacturing hub for the production of the technology in Dubai. Using specially designed materials with nanotechnology particles that are capable of ‘activating’ over a certain temperature in suppressing electrical fires and others. The UAE will be among one of the first countries to utilise nanotechnology in public safety.
Another unusual application for nanotechnology is in the retail industry, either through wearables such as fitness devices, or clothing, and increasingly across many other domains. “At PanaceaNano, we went one-step further and formulated and developed a line of anti-aging products with our patented ONC technology in combination with Sir Stoddart’s Nobel Prize-winning molecular engineering technology. Because of the ONC technology and proprietary formulations,our anti-aging skin care solutions were scientifically and clinically proven to be 10 times better than comparable skin care products available in the market today,” added Botros.
The company plans to reveal more details about its ONC-based nanotechnology at the upcoming event in Dubai.