Highlights

  • EMASS reported 33 active ECS-DoT-22 customer opportunities at 30 September 2026, including eight at design-in stage.
  • First 16nm ECS-DoT engineering samples arrived from TSMC in September and are now undergoing bring-up and characterisation.
  • Cash fell to A$3.08 million at quarter end after a A$2.10 million net operating outflow.
  • Spinoff Robotics signed a non-binding 12-month MOU with NovaPeak to assess integrating METRON with LiveInspect.AI.

Nanoveu (ASX:NVU) has reported eight customer design-ins for its 22nm ECS-DoT edge AI chip, while its semiconductor Subsidiary EMASS began testing the first 16nm version fabricated by TSMC. The September 2026 Quarterly Report also showed cash of A$3.08 million and an estimated funding runway of 1.5 quarters.

The Perth-based company focuses on advanced semiconductors, visualisation and materials science. Through EMASS, acquired in March 2025, it develops ultra-low-power, AI-enabled system-on-chip designs for always-on sensing in wearables, hearables, industrial devices and robotics. It also owns Singapore aerial robotics Business Spinoff Robotics.

Pipeline Builds for the 22nm Chip

At 30 September, EMASS counted 33 active opportunities: eight at design-in, three in evaluation, four at qualification and 18 at the engagement stage. Twenty are in North America, 12 in Asia-Pacific and one in Europe, spanning wearables, smart home, industrial tracking and hearables. The company stressed that none is a binding Supply agreement, purchase order or Revenue commitment.

An asset-tracking reference design with Bosch Sensortec, announced in July, is available for customer evaluation. Technical verification ahead of full mask production is under way, and the company will announce when production starts.

16nm Silicon Enters Characterisation

The 16nm samples arrived in September after a January 2026 tape-out. The chip adds a Bluetooth Low Energy subsystem, expanded memory, adaptive power management, a hardware floating-point unit and an object-detection accelerator using circuitry covered by a newly granted US Patent exclusively licensed to EMASS. Bring-up, radio testing, AI benchmarking and power measurement are in progress, and measured results will be published before samples go to selected customers.

EMASS also established a Wholly Owned Subsidiary in Cairo to employ its engineering team.

Drones and Displays Seek Commercial Footholds

Nanoveu completed the Acquisition of Spinoff Robotics on 2 July 2026 for 3,000,000 shares and 4,000,000 performance rights, with no cash paid. In September the unit signed an MOU with NovaPeak, a Singapore inspection company owned by ISDN Holdings, to assess integrating METRON's 3D measurement system with NovaPeak's platform for structures such as viaduct bearings. The MOU is non-binding, and any commercial deal requires validation and binding agreements.

In displays, a binding OEM agreement with India's One Immersive was backed by a US$300,000 pilot purchase order, and about 52,000 EyeFly3D films have been delivered.

Outlook: Funding and Next Milestones

Customer receipts were A$12,000 for the quarter, and the net operating outflow of A$2.10 million included what the company described as non-recurring, front-loaded payments. About 129.2 million unlisted options expire within two quarters and would raise about A$5.56 million if fully exercised. December quarter priorities include a first ECS-DoT-22 design win, the start of full mask production and publication of 16nm results, with a production ramp previously targeted for Q1 2027.

Shares were priced at A$0.046 on 2 November 2026, down 2.13% on the day and 46.51% lower over 12 months.