CDW Holding BXE has unveiled its new invention LANFA, a new water-soluble chemical compound with commercial and industrial applications.
On Dec 11, the SGX Mainboard-listed company announced its new compound with the ability to enhance the water-solubility and hydrophilic properties of products used in the cosmetics, health food and chemical industries.
CDW’s subsidiaries Tomoike Bio and CDW Life Science Co. applied for a patent application for LANFA in Japan after using the latter’s organic synthesis process to create a new compound with a wide range of industrial applications.
The company says its two subsidiaries will also consider filing an international patent application under the Patent Cooperation Treaty in the future.
According to CDW, LANFA’s unique features and corresponding benefits include its ability to synthesise with a wide variety of substances through its customisable hydrophilicity and water solubility properties, as well as its ability to lower production costs through the simplified synthesization process.
The company intends to propose the sale of LANFA to both existing and potential customers while expanding the possibilities of licensing LANFA to cosmetic ingredient manufacturers and trading companies which handle various products.
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CDW says it has already started discussions with a major trading company handling chemical products and a company engaged in coating processing and sales of eyeglass lenses, optical parts and filters to consider the possibility of applying LANFA to their products.
Chairman and CEO Yoshikawa Makoto says: “These R&D breakthroughs are a testament to our group’s growing R&D capabilities and the efforts and hard work of Dr. Mandai Tadakatsu and Dr. Senoo Yuhki who invented LANFA. We believe in the many opportunities that the new compound presents to various industries including our existing businesses.”
Yoshikawa adds that CDW is also working on the dispersion in graphene, which has been hailed a “miracle material”. “We will continually invest to develop our other non-core businesses to grow and diversify the company.”
Shares in CDW closed unchanged at 20 cents on Dec 11.
