On February 6, 2015, Nano-Textile Ltd., a development stage company based in Nahariya, Israel, which has not generated any revenues to date, filed a self-underwritten offering prospectus with the S.E.C. to raise $3 million through the OTC Bulletin Board.
Nano-Textile was established in 2013 to commercialize and engage in the international industrial development of innovative technology for the production of anti-bacterial fabrics, which aim to fight infections acquired in hospitals and in the private market. It was originally incorporated under the name T.A.B. Anti-Bacterial Textiles, and changed its name to Nano-Textile in September 2014.
The startup’s technology was developed by Bar-Ilan University Prof. (Emeritus) Aharon Gedanken and his team. Prof. Gedanken is a member of the Nano Materials Center at the Institute of Nanotechnology and Advanced Materials (BINA), and a recipient of the President of Israel Achievement Award for coordination of a European Funded Research.
On June 10, 2014, Nano-Textile entered into a license agreement with Bar Ilan University’s Research and Development arm, the owner of certain technology relating to sono-chemical coating of textiles with metal oxide nano-particles developed by Prof. Gedanken and for which several patent applications have been filed. The license grants Nano-Textile the exclusive right to exploit the patent rights in Europe, Asia, South America, and Australia for the production and marketing of bed linen, drapery, upholstery, home textile and/or clothing.
Prof. Aharon Gedanken says he dreams of a day when hospitals are infection-free. “We are getting closer to the dream,” he says of his EU-funded project, which demonstrated how textiles treated with nano-particles can kill deadly bacteria.
The vision behind the European Commission grant that Gedanken leads with 17 partners from academia and industry is the Hospital of the Future, in which all all textiles such as bed sheets, pajamas, pillow covers, curtains, doctors’ robes, are antibacterial. Due to deep embedding of antibacterial nano-particles in the textiles, their antibacterial properties are maintained even after 65 hospital washing machine cycles at 92°C.