Nov 16 2010
Suzhou Natong with its US partner Nanomed Devices, Inc. announced yesterday that they won the Silver Prize of the Asian Innovation Awards 2010 at the Biobay Investor Forum.
The award was sponsored by The Wall Street Journal Asia in partnership with Credit Suisse AG.
Suzhou Natong Bionanotechnology received the Silver Award for creating a drug-delivery device that uses a set of needles smaller than human hairs for painless injections.
This year the Asian Innovation Awards attracted nearly 300 entries from 13 countries and territories throughout Asia Pacific. They were judged on their ability to enrich and improve the quality of life and productivity across the region.
Speaking at the gala event, Marcel Kreis, head of private banking, Asia Pacific at Credit Suisse, said, "I would like to congratulate this year's winners for their remarkable effort in coming up with an innovative idea and turning it into a reality that helps enrich and improve the quality of life and productivity among communities in Asia Pacific and around the world. We will continue to support the Asian Innovation Awards in the hope of creating inspiration to others in making this world a better place to live in, working for the common good and bringing about lasting change."
"The need to innovate is a crucial part of good business practice. The ability to develop creative ideas and see new opportunities to fruition brings companies renewed growth and investment for the future," said Almar Latour, The Wall Street Journal's editor in chief in Asia. "We received a record number of very high-caliber entries in this year's awards and we're proud to have provided a platform to showcase their creative ideas and innovative concepts."
Dr. Bai Xu, Suzhou Natong Bionanotechnology's CEO, said at the ceremony, "Winning the prize is the recognition of our company's innovation and potentials. It will help us to build up the reputation and good image of the company and is significant to our future."
Source: http://www.nanomed-devices.com/