Frankfurt am Main, April 25, 2006 - ItN Nanovation AG, a portfolio company of the Frankfurt-based nanotechnology investment company Nanostart AG, intends to make an IPO this year if the conditions underlying the capital market are positive. The Saarbrücken-based nanotechnology company announced this today in Frankfurt am Main.
ItN Nanovation AG ranks among the internationally leading nanotechnology companies. The competitive strength of ItN Nanovation lies in the merging of application and production technology in the area of ceramic nanotechnology. The company produces itself the nano-scale powder required for this.
Ceramic coatings based on nanotechnology are deployed as protective and catalyst layers in various industries in a broad spectrum of applications ranging from ovens, aluminum foundries to coal power stations. The filter products of ItN Nanovation can be used for clarifying drinking water, purifying waste water, as filter in the beverages industry and for separating oil and water. Dr. Tillmann C. Lauk, CEO of ItN Nanovation AG: "The success of our company is based on sector-specific application know-how that has been built up over years as well as an extensive patent portfolio and the marketability of our product lines."ItN Nanovation AG claims that it intends to have its entire share capital admitted for trading on the Official Market and at the same time on the sub-segment of the Official Market with additional admission requirements (Prime Standard) at the Frankfurt Stock Exchange. Prime Standard is the trading segment for companies wishing to position themselves internationally. In Prime Standard, issuers must fulfill international transparency requirements that go beyond those of Entry or General Standard. These include quarterly reporting in German and English as well as the application of international accounting standards.
With the consortium consisting of Bayerische Hypo- und Vereinsbank AG and Commerzbank AG, two leading banks will be accompanying the IPO. The influx of funds is to be used for, among other things, tapping further application areas for existing product families.
"An IPO would offer ItN Nanovation AG the possibility of securing its innovative lead as well as expanding the product and patent portfolio", claims Marco Beckmann, CEO of Nanostart AG. "In our view, the excellent patent portfolio and the company's proprietary products from the Coatings and Filtration/Components divisions put nanotechnology in a completely new light from a capital market viewpoint."
Nanostart AG together with VentureTech Equity-Partners GmbH, which the company wholly acquired in the autumn of last year, is the biggest shareholder of ItN Nanovation AG. The company is one of currently 11 shareholdings of the Frankfurt-based nanotechnology investment company.
About ItN Nanovation AG:
ItN Nanovation AG ranks among the world's leading nanotechnology companies. The company is headquartered in Saarbrücken and also operates a production site in Halberstadt, a modern site for wet-chemical production of nanomaterials and their conversion into industrial-scale function ceramics. The company that was founded in 2000 employs a staff of more than 60 employees. For more information please visit: www.itn-nanovation.com
About Nanostart AG:
Nanostart AG is Europe's leading nanotechnology investment company whose activities are divided into two areas: one of its focuses is investing in fast-growing nanotechnology companies; its other key area of activity is advising companies in the financial industry on investments in the nanotechnology sector.
Media contact:
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