Inovartic Leads UAE-Sri Lanka Breakthrough in Nano Technology Commercialisation

Aligned with Sri Lanka’s ‘National Initiative for R&D Commercialization’ launched by H.E President of Sri Lanka and the UAE’s ‘Make it in the Emirates’ strategy, the partnership sets a global precedent for sustainability and innovation.

Colombo, Sri Lanka, January 2025 - Inovartic Investment Lanka, a joint venture between Inovartic Investment LLC and Apex Asia Holdings, has acquired advanced nano-technology to transform graphite-based oil adsorption materials into globally viable solutions. This milestone agreement, supported by Abu Dhabi University and the Abu Dhabi Department of Economic Development (ADDED), aims to enhance environmental sustainability and drive industrial innovation.

Commenting on the innovation, Chairman, Inovartic Investment Lanka - Saif Al Darmaki, stated: “This technology is a testament to Sri Lanka’s R&D capabilities. We are proud to partner with SLINTEC and Abu Dhabi University to bring this innovation to life and drive meaningful change. Our collaboration bridges the gap between research and real-world applications, demonstrating our commitment to sustainability and technological progress.”

Chairman, Apex Asia Holdings and Co-Founder/ Partner, Inovartic Investment Lanka - Shawn Gajasinghe, remarked, “This agreement strengthens our position as a hub for cutting-edge research and reinforces our dedication to fostering innovation for the global good. By leveraging cutting-edge innovation, we aim to address global environmental challenges and position both nations as leaders in sustainable technology.”

Within six months, a dedicated production facility will operationalise large-scale manufacturing of the graphite-based material, targeting critical sectors such as oil spill management and waste recovery. Abu Dhabi University will play a central role in advancing the material’s performance and exploring new industrial applications through its Graphene Centre, fostering breakthroughs in material science.

Commenting on the transfer agreement, Co-Founder and Partner, Inovartic Investment Lanka - Daham Arangalla noted: “In creating a global platform to showcase Sri Lanka’s natural and human resources, we are unlocking immense potential. By combining Sri Lankan graphite with SLINTEC’s expertise, Abu Dhabi University’s knowledge, and Inovartic’s investment, we aim to elevate this industry and enhance the country’s position in international markets.”

The partnership also prioritises capacity building, with plans to empower emerging talent through collaborative programmes and hands-on learning opportunities. The reusable and cost-effective nature of the technology aligns with the UAE’s industrial vision and Sri Lanka’s focus on R&D commercialisation, driving long-term sustainability goals.

This agreement reflects the transformative potential of combining Sri Lanka’s resource and mineral base with the UAE’s focus on industrial advancement. The involvement of Abu Dhabi University and SLINTEC ensures a strong foundation for academic and industrial collaboration, positioning both nations as leaders in advanced material technologies and sustainable development.

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Captions

1. (From left) CEO, SLINTEC – Dr Thushara Perera,  Chairman, SLINTEC – Mr Thilan Wijesinghe, Chairman, Inovartic Investment Lanka – Mr Saif Aldarmaki, and Chairman, Apex Asia Holdings and Co-Founder/ Partner, Inovartic Investment Lanka – Mr Shawn Gajasinghe

2. (From left) Chairman, Apex Asia Holdings and Co-Founder/ Partner, Inovartic Investment Lanka – Mr Shawn Gajasinghe, Associate Provost, Abu Dhabi University - Professor Montasir Qasymeh, Chairman, Inovartic Investment Lanka – Mr Saif Aldarmaki, Chairman, SLINTEC – Mr Thilan Wijesinghe, Co-Founder/ Partner, Inovartic Investment Lanka - Mr Daham Arangalla, Chairman, Sri Lankan Business Council in Dubai and Northern Emirates – Mr Suren Swaminathan, CEO, SIRAJ Finance - Mohamed Fyroze, Industrial Regulatory Director, Abu Dhabi Economic Development Authority (ADDED) - Mr Ali Mubarak A. Al Hammami, Managing Partner, Inovartic Investment LLC - Anwar Hussein.

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About Inovartic Investment Lanka Pvt Ltd

Inovartic Investment Lanka (PVT) LTD is a technology innovation company established in Sri Lanka, a JV between Apex Asia Holdings and Innovartic Investment LLC, and in collaboration with the Abu Dhabi University (ADU). The company comprises a team of technological and commercial experts in a variety of fields, complementing each other to take Sri Lanka to the world in key areas related to advanced minerals and technology.  The venture has secured local vein graphite and plans to establish pre-processing facilities while producing graphene to export in Sri Lanka.