Nanotechnology Now - Press Release: NanoLab™ takes nanotechnology modeling to the next level

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Abstract:
Danish company Atomistix presents the first open software platform for nanotechnology modeling. The platform allows for third party development and is poised to revolutionize the field of atomic-scale modeling.

Atomistix Virtual NanoLab™ takes nanotechnology modeling to the next level

Posted on October 04, 2006

Atomistix, the leader in atomic-scale modeling of nanotechnology devices, has opened a new subsidiary in Silicon Valley at Innovation Center Denmark in Palo Alto.

At Atomistix' housewarming on September 28th, at Innovation Center Denmark, guests were handed 3D glasses in order to view the first presentation of Atomistix' new software platform, Atomistix Tool Kit (ATK) 2.1. The platform includes NanoLangauge™, which enables users to build customized applications for nanoscale modeling using modules from the ATK. While other quantum-based software can model either isolated molecules or periodic systems, Atomistix goes a step further with tools that can model complex nanostructures combining molecules with periodic systems and macroscopic elements.

Nanotechnology modeling market is growing rapidly
As the audience watched 3D renditions of how Atomistix' tools simulated the attachment of molecules to carbon nanotubes, CEO Thomas Magnussen described the market potential: "Hundreds of thousands of nanotech professionals will be needing software modeling tools in the future for computational research, product development and design verifications," he said.

The Atomistix CEO estimated that by 2015 half of all manufactured goods will have nanotechnology in at least one component. Based on the current sales figures for EDA software, the nanotechnology software market will by then be valued at 20-40 billion USD according to Atomistix' calculations.

Modeling reduces the time and cost required to achieve breakthroughs
Over time, the price of nanotechnology experimentation has gone up while the cost of modeling has dropped dramatically. Based on calculations from Dow Chemical, Magnussen now estimates that a typical experiment costs 150,000 USD versus 150 USD for the same experiment conducted in virtual reality.

"So we're very inexpensive," he said with a smile adding in the same breath that modeling will never fully replace the real thing. "You have to keep experimenting, but using Virtual NanoLab™ and NanoLanguage™ reduces the number of experiments required and focuses them more effectively."

America lags in computational science
As the field of nanotechnology is shaping up today, the US, however, is lagging behind Europe. Citing findings from President Bush's Advisory Committee's report Computational Science: Ensuring America's Competitiveness, Magnussen described the current situation in the US:

"Scientific applications are developed with software tools from the last generation. The federal government must rebalance its R&D investments to create a new generation of well-engineered, scalable, easy-to-use software tools in order to lead in computational science. That's why we're here," he added.

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About Atomistix:
Atomistix licenses software for nanoscale research, engineering and product design. The company provides services to help manage and accelerate product development processes involving nanoscale content.

Atomistix' headquarters are in Denmark at the Niels Bohr Institute, one of the leading institutes of quantum physics. Atomistix has strongly increased sales over the last two years adding important customers such as HP, NASA and Fujitsu. While the majority of its clients are in the electronics field, Atomistix is now also focusing on the biotech and life science sector. Recently, the company has been working with Novozymes to develop a platform to model enzymes interactions.

Atomistix has 45 employees in Singapore, Palo Alto and Denmark - 35 of these have PhD's in physics, chemistry or engineering. The company plans to open subsidiaries in Korea and China in 2007, expanding the number of employees to over 200.

The executive team:
Dr. Thomas Magnussen, CEO of Atomistix. Ph.D. in chemical engineering, MBA (INSEAD). 25 years experience in science, technology and business development.

Dr. Jeremy Taylor, Vice President (Product Development). Ph.D. in physics. First researcher to develop a software package for calculating electron quantum transport in nanoscale devices with a first principles quantum mechanical description of the entire device.

Dr. Kurt Stokbro, Vice President (Business Development).Ph.D. in physics. Assoc. Prof. at Niels Bohr Institute, University of Copenhagen. World leading expert in the field of atomic scale modeling and quantum transport.

For more information, please click here and here.

Contact:
Mette McCall
mhjermind@sbcglobal.net

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