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Business Description
Nano Magic Inc (Nano Magic) develops, commercializes and markets consumer and industrial products enabled by nanotechnology. The company consumer products are sold as wet and dry towelettes and liquids. It offers a diverse range of product technology platforms designed to address various customer concerns, such as preventing the accumulation of dirt, facilitating easy cleaning, and preventing fogging on screen surfaces. These solutions encompass both consumer and industrial applications and leverage nano characteristics. The characteristics involves molecular-level modifications, the addition of submicron particles, or the application of very thin, self-assembling coatings that are 20 nanometers or less in thickness.
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R&D Overview
Nano Magic's R&D arm focuses the development of new products and improvement on existing products using nanotechnology. Its product R&D includes branding and packaging, refinement and development of formulas and engineering of liquid formulas which can be applied by machine or hand. In FY2024, Nano Magic incurred expenses of US$86,176 on R&D, which as a percentage of revenue stood at 3.4%.
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