Pressemitteilungen

Oct. 31, 2007

Nanostart Affiliate NanoDynamics Establishes Joint Venture with Shell Technology Ventures

Epik Energy Solutions, L.L.C. will Develop Nano-enabled Processes and Products for Oil & Gas Industry

Buffalo, N.Y. Frankfurt am Main, October 31, 2007 – NanoDynamics Inc. an investment holding of Nanostart AG, announced the recent formation of a joint venture with Shell Technology Ventures Fund 1 B.V. to develop new materials and products expected to improve exploration and production efforts in the international oil and gas industry. The joint venture, Epik Energy Solutions, L.L.C., capitalizes on NanoDynamics’ capabilities in nanomaterial synthesis and product engineering, in applications ranging from solar energy conversion, energy storage, lightweight wear-resistant materials and water purification to enhanced down-hole and construction materials and taggants.

“Epik Energy Solutions will leverage the technology, materials, and process capabilities of NanoDynamics, with the guidance and industry knowledge of Shell Technology Ventures Fund 1 B.V., to address several of the ongoing challenges in the global oil and gas industry,” said Keith Blakely, NanoDynamics C.E.O. “This joint initiative will target the application of nanomaterials and nano-enabled products to improve a broad range of exploration and production issues. With the rapidly increasing demand for energy across the globe, it is all the more important to examine ways of improving fuel extraction and processing methods through advanced materials and technologies.”

“Shell Technology Ventures Fund 1 identifies and collaborates with promising entrepreneurial companies to develop step-change, field-hardened products and services for the oil and gas industry,” said Oliver Capon, C.F.O. of Kenda Capital B.V. “Epik Energy Solutions capitalizes on NanoDynamics’ leading-edge technologies and valuable academic and industry relationships, to further propel this aim.”

The initial board of directors of Epik Energy Solutions consists of Keith Blakely, NanoDynamics’ C.E.O., Oliver Capon, Kenda Capital’s C.F.O., and Matthew Bell, GEODynamics’ vice president – technology and experienced completions engineer.

About Nanostart:

Nanostart AG is Europe’s leading nanotechnology investment company, with headquarters in Frankfurt, Germany. The company is organized into two divisions: the Portfolio Division, which manages its own investment holdings; and the Financial Services Division, which advises financial service providers on investing in the nanotechnology sector.

About NanoDynamics:

Headquartered in Buffalo, N.Y., NanoDynamics, Inc. develops and markets products, advanced materials and process technologies that provide clean technology solutions for today’s global challenges, with a principal focus on the international energy, environmental, and infrastructure markets.

About Shell Technology Ventures Fund 1 B.V.:

Headquartered in The Netherlands, Shell Technology Ventures Fund 1 B.V., managed by Kenda Capital B.V., is an investment fund focused on accelerating the development and deployment of new technologies across the energy sector. Shell Technology Ventures Fund 1 B.V.'s primary focus is on the upstream oil and gas sector, but also selectively invests in downstream O&G, renewable energy and by-product recycling technologies.

DISCLAIMER:

This notice constitutes neither an offer to sell nor a solicitation of offers to purchase or subscribe to securities. There will be no public offering of securities of Nanostart AG in conjunction with the existing listing of its shares in the “Entry Standard” segment of the regulated unofficial market (Freiverkehr) on the Frankfurt Stock Exchange. This notice does not constitute a securities prospectus. Neither this notice nor the information contained within is intended for direct or indirect distribution within the United States of America, Canada, Australia or Japan.

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