3. Investigate the claims of US Patent 7615393. Do you believe the claims to be broad enough to provide Innovalight and its customers with a sustainable competitive advantage? Unlike emerging technologies of the recent past, nanotechnology has far-reaching potential to impact our lives and, according to some commentators, to alter the fabric of society, even the very concept of humanity. Nanotechnology is multi-disciplinary in nature, encompassing scientific fields and industry sectors in chemistry, physics, materials, biotechnology, pharmaceuticals and medicine. Nanotechnology also has the potential to revolutionise how things are manufactured, constructing them atom by atom rather than shaping and assembling existing material into a final product.

Examples of commercial nanotechnology applications include:

• In 2010, Intel announced it would invest $6-8 billion in nanotechnology manufacturing capabilities for future transistor and processor applications

(www.nanowerk.com/news/newsid=18597.php).

• Nancore Technologies recently demonstrated a flexible thinfilm photovoltaic solar cell using its patented liquid phase deposition (LPD) process

(www.nanowerk.com/news2/newsid=31283.php).