March 28, 2017 2:48 PM ET

Electronic Equipment, Instruments and Components

Company Overview of Nano Engineered Applications, Inc.

Company Overview

Nano Engineered Applications, Inc. commercializes technology that uses nano and micro-electromechanical systems (NEMS/MEMS) to detect airborne chemicals. The company was incorporated in 2010 and is based in Riverside, California. As of November 4, 2011, Nano Engineered Applications, Inc. operates as a subsidiary of Innovation Economy Corporation.

Riverside, CA 

United States

Founded in 2010

Key Executives for Nano Engineered Applications, Inc.

Chief Executive Officer
Age: 46
Compensation as of Fiscal Year 2016.

Nano Engineered Applications, Inc. Key Developments

Nano Engineered Applications, Inc. Announces Development of Standard, Packaged, Customizable Nano Gas Sensors for Third Party Consumer and Commercial Devices

Nano Engineered Applications, Inc. announced the development of a new, customizable nano gas sensor platform that will enable the configuration of small, nano-material-based gas sensors and their incorporation into a range of existing and new devices. NEA's sensor technology detects gases at the part-per-billion (ppb) level using a standard, packaged sensor chip that incorporates nano-materials, proprietary algorithms, low-power consumption and other features to operate at a high level of sensitivity and efficiency in a range of environments. The new standard, packaged sensor chip, customizable for different applications, is well suited for adding new features to existing devices that sense air quality, specific or dangerous gases or other atmospheric variables, whether for mobile phones, commercial, industrial, or security-related uses. The packaged sensor chip has been designed to be embedded into such devices as smart phones, health-focused wearable, smart-home features (including smoke, carbon monoxide and natural gas detectors), air purifiers, production line systems, drones and professional gas detection equipment. Complementing this development, the recently opened NEA Product Development Laboratory in San Diego, California will expand NEA's development of new sensors, capable of detecting more and different gases. This will further expand the customization options available to users of NEA's standard packaged sensor chip. NEA's team includes scientists and product development specialists from multiple disciplines including nano-engineering, chemical engineering, data science, mathematics, electronics and software engineering. NEA's nano-material-based gas sensors will incorporate intellectual property developed by NEA scientists and engineers and early intellectual property acquired from research institutions such as the University of California, Riverside. NEA is designing its products for an approximately $3 billion addressable market. When they are ready for sale, NEA's nano gas sensors will be adaptable for the detection of food spoilage, quality control systems, plant and pathogen detection, military and homeland security solutions and various non-intrusive medical disease detections and monitoring.

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