Nanoveu

Binding Share Sale Agreement Executed with EMASS

Nanoveu positioned to accelerate growth in AI-driven edge semiconductor solutions

Nanoveu Limited ("Nanoveu" or the "Company") (ASX: NVU), following on from its announcements on 15 October 2024 and 22 November 2024, is pleased to announce the completion of its binding Share Sale Agreement regarding its 100% acquisition of Embedded A.I. Systems Pte. Ltd. (“EMASS”), a leading System-on-Chip (SoC) semiconductor design company, following shareholder approval and completion of due diligence4. This transaction marks a key strategic moment for Nanoveu and adds cutting edge semiconductor technology to its suite of commercial offerings.


Highlights

  • Nanoveu executes binding Share Sale Agreement regarding its 100% strategic acquisition of Embedded A.I. Systems Pte. Ltd. (“EMASS”), a System-on-Chip (“SoC”) semiconductor design specialist.1
  • The acquisition is reinforced with the recent appointment of Mark Goranson2, an accomplished semiconductor CEO with extensive experience in scaling and commercialising semiconductor technologies who will lead Nanoveu’s new semiconductor division.
  • Nanoveu to join a select group of ASX-listed semiconductor innovators, positioning the Company to participate in the growing global demand for ultra-low power, Edge computing and AI applications across numerous markets such as wearables, autonomous automobiles, drones, medical and smart home systems and Internet of Things (“IoT”) devices3
  • Targeted Growth Roadmap for 2025:
    • Advance Nanoveu’s EyeFly3D™ platform through integration of EMASS’s ultra-low-power SoC for real-time, glasses-free 3D conversion
    • Pursue partnerships with wearables, drones, and IoT device manufacturers to commercialise EMASS’s leading Edge technology.
    • Recruit top-tier semiconductor engineers to accelerate connectivity innovations and broaden addressable markets
    • Enhance ultra-low-power capabilities for battery-powered devices, reducing energy consumption and carbon footprints

Financial G Strategic Rationale

  • EMASS’s SoC solution to be embedded into Nanoveu’s EyeFly3D™ product to deliver faster, latency-free 2D- to-3D conversions on mobile devices without reliance on cloud processing to improve the user experience.
  • By leveraging EMASS’s ultra-low-power architecture, Nanoveu can target broader IoT segments, including wearables and next-generation consumer electronics, sectors experiencing significant growth amid rising global demand for edge AI applications.
  • With acquisition value tied to script and future performance milestones, shareholder interests are aligned.

Driving Innovation Under New Semiconductor Leadership

The acquisition is further reinforced with the major leadership addition at Nanoveu with the appointment of a semiconductor veteran, US-based Mark Goranson, to head the Company’s new semiconductor division (Nanoveu Semiconductor). Mr. Goranson drove hardware innovation for some of the world’s largest semiconductor companies and is experienced at forging strategic alliances. Mr Goranson will focus on integrating EMASS’s technology and accelerating commercialisation and partnerships.

Dr Mohamed Sabry Aly, Founder of EMASS, will remain involved with Nanoveu’s strategic vision, leading continued innovation in Nanoveu’s semiconductor and AI-driven technologies. Dr Aly brings a distinguished track record in hardware innovation, having led major semiconductor design initiatives, including a US$25 million project in Singapore and groundbreaking research at Stanford University that contributed to a US$75 million DARPA-funded program on emerging nanodevices.

Nanoveu Semiconductor CEO, Mark Goranson remarked: “With the current spade of AI technology coming from China, the underlying driver of these technologies underpins (SOC) offering. This will build market leadership for EMASS as we remain agnostic of current AI algorithms developed. We are seeking to redefine the limits of AI efficiency - 30 billion operations per second on just 2 milliwatts. That’s intelligence at the power level of a heartbeat. With up to 12 TOPs per watt, our ultra-low-power AI SoC is not just smaller and faster, in my opinion it’s the future of energy-efficient computing."

Competitive Landscape

By expanding into semiconductors, Nanoveu joins with notable ASX peers and international companies developing energy-efficient AI and edge computing hardware, an industry sector projected to see rapid growth due to the rising global demand for low-latency, high-performance devices. The EMASS acquisition positions Nanoveu alongside innovators driving ultra-low-power and edge-computing solutions such as Ambiq, Syntiant and ETA Compute.

Preliminary MLPerf Tiny v1.2 benchmarking of EMASS’s chipset underscores its strong performance, energy efficiency, and reliability, reflecting Nanoveu’s alignment with the next wave of AI and SoC innovation5. Its performance, energy efficiency, and reliability, highlights its capability to address ultra-low-power computing needs in this rapidly evolving sector.


Click here for the full ASX Release

This article includes content from Nanoveu, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

The Conversation (0)
ChatGPT logo overlayed on human profile.

How to Invest in OpenAI's ChatGPT

OpenAI’s ChatGPT is one of the latest technological breakthroughs in the artificial intelligence space. But what is ChatGPT, and can you invest in OpenAI?

This emerging technology is representative of a niche subsector of the AI industry known as generative AI — systems that can generate text, images or sounds in response to prompts given by users.

Precedence Research expects the global AI market to grow at a compound annual growth rate (CAGR) of 19.2 percent to reach US$3.68 trillion by 2034. Just how much of an impact OpenAI’s ChatGPT will have on this space is hard to predict, but Fortune Business Insights estimates that the total market revenue of generative AI will see a CAGR of 39.6 percent through 2032, increasing from US$67.18 billion last year to US$967.65 billion in 2032.

Keep reading...Show less
Skyscrapers with logos of Apple, Amazon and Microsoft; "Tech 5" text overlay.

Tech 5: Tesla and Samsung Strike Deal, Palo Alto to Acquire CyberArk

The stock market's momentum from earlier this week, which saw the S&P 500 (INDEXSP:.INX) and the Nasdaq Composite (INDEXNASDAQ:.IXIC) reach new record highs, came to a halt on Friday (August 1).

Investors were reacting to a series of mixed tech earnings reports. Many were accompanied by cautious forward-looking guidance despite strong top-line numbers. This sentiment was further soured by fresh economic data out of the US showing that while employment remains strong, there are signs inflation is reaccelerating.

The most significant blow, however, came from geopolitical developments that reignited global trade tensions, prompting new fears of retaliatory tariffs and the potential for a renewed surge in inflation.

Keep reading...Show less
Robotic hand and human hand reaching out to touch glowing brain.

ASX AI Stocks: 5 Biggest Companies in 2025

Artificial intelligence (AI) continues to evolve and advance rapidly, becoming increasingly integrated in the automation of everyday life and a focal point of growth in the technology sector.

According to a September 2023 report from IDC on worldwide AI spending, Australia is leading the Asia-Pacific region in spending on AI solutions along with Korea and India; the three countries are also leading when it comes to AI adoption in the area. Spending in the region, excluding Japan and China, is expected to reach US$28.2 billion by 2027.

Although the AI market is relatively small in Australia, it’s growing. To help investors understand the options available, the Investing News Network used TradingView's stock screener to find the top AI stocks on ASX by market cap. All ASX AI stocks data was current as of July 11, 2025. Companies whose businesses are focused mainly on AI were considered.

Keep reading...Show less
Microchip with American flag design on a circuit board.

White House Unveils 90 Point AI Strategy

The White House on Wednesday (July 23) released a sweeping national strategy for artificial intelligence (AI), outlining over 90 federal actions designed to strengthen America’s position as the global leader in AI development.

The document fulfills a mandate laid out in President Donald Trump’s January 23 executive order, which called for the removal of what the administration described as “barriers to American leadership” in the field.

Titled “Winning the AI Race: America’s AI Action Plan,” the plan sets priorities across three core pillars: accelerating innovation, building domestic infrastructure and leading on global AI diplomacy and security.

Keep reading...Show less
Syntheia (CSE:SYAI)

Syntheia Announces Private Placement

Syntheia Corp. (CSE: SYAI)(CSE: SYAI) (syntheia.ai) (the "Company"), is pleased to announce that it intends to complete a non-brokered private placement financing for gross proceeds of up to $4,200,000 through the issuance of up to 35,000,000 units (each, a "Unit") at a price of $0.12 per Unit (the "Offering").

Each Unit will be comprised of one common share in the capital of the Company (each, a "Common Share") and one Common Share purchase warrant (each, a "Warrant"). Each Warrant is exercisable to acquire one Common Share at a price of $0.16 until the date that is five years from the closing of the Offering (the "Expiry Date"), subject to an accelerated expiry in the event the volume weighted average trading price of the Common Shares exceeds $0.20 for 20 consecutive trading days, the Company may, within 10 business days of the occurrence of such event, deliver a notice to the holders of the Warrants accelerating their Expiry Date to a date that is not less than 30 days following the date of such notice and the issuance of a press release by the Company announcing the acceleration notice (the "Accelerated Exercise Period"). Any unexercised Warrants shall automatically expire at the end of the Accelerated Exercise Period.

Keep reading...Show less
Digital circuit overlay on US dollar bills, representing technology and finance.

Tech Giants Escalate AI Spending in Race to Stay Competitive

The artificial intelligence (AI) arms race is entering a new phase as major industry players ramp up spending.

In the span of just a few weeks, the world’s biggest tech firms have unveiled a flurry of moves aimed at shoring up their positions, ranging from massive chip and data center deals to fresh funding rounds.

Keep reading...Show less

Latest Press Releases

Related News

×