NANOBRICK signed a contract – new functional material development with a global cosmetic manufacturer

– Signed a technology development contract for functional cosmetics with color adjustment

– Joint created new markets with global customers and established of a sales bridgehead

NANOBRICK (KOSDAQ: 286750, CEO Jae-Hyun Joo), a company specializing in new materials based on nano platform, announced that it has signed a contract to develop new functional materials with a global cosmetic manufacturer that has more than 20 global brands.

This new material development contract is related to the development of functional cosmetics that users can freely adjust their color tone. Accordingly, with the support of a global cosmetic manufacturer, the color variable functional material that is currently being developed and produced will be adjusted step by step to make it suitable for cosmetics over the next 16 months.

Jae-Hyun Joo, CEO of NANOBRICK said, “This contract is in purpose to expand the material business into the cosmetic market, with a strategy to jointly create new markets with global leading companies; our core customers in each application industry.

NANOBRICK is a company that has built the Active Nano Platform which can  continuously create a variety of functional new materials, and listed on the KOSDAQ market through a technology special listing system in August 19. In the technical evaluation, NANOBRICK has acquired ‘AA’ grade which is the highest level of technology by all of the evaluators.

The company is the first and only company in the world to successfully mass-produce magnetic field color-variable materials that change characteristics of color and transmittance according to external stimuli such as electric and magnetic fields, and focuses on genuine product authentication and anti-counterfeiting solutions based on this technology.