Frankfurt, May 7, 2007 - NanoDynamics, Inc., a U.S. investment holding of Germany’s Nanostart AG, intends to list its shares on the Nasdaq Stock Market, the U.S. exchange for growth companies. The company would like to raise a total of USD 97.8 million through an initial public offering (IPO). The number of shares to be offered and the price range have not yet been released. The NASDAQ ticker symbol will be NDMX.

The Nasdaq listing of NanoDynamics may mark the start of a wave of IPOs of U.S. nanotechnology companies. Similar to the IPO of the Internet company Netscape in 1995, which marked the beginning of the IPO wave of "new economy" companies, market observers are watching the IPO of NanoDynamics with great anticipation.

NanoDynamics intends to use a portion of the net proceeds from the offering for capital equipment and expansion of its manufacturing capabilities, research and development, and sales and marketing activities.

Over the past years, Nanostart AG has managed to invest in market leaders of the future and to participate in the growth of high-potential companies in this pioneering technology from a very early stage.

"We now have an excellent portfolio of leading nanotechnology companies. Because of the high quality of our portfolio, Nanostart’s investment holdings are presently seeing a strong growth in interest on the side of the capital markets," explained Marco Beckmann, CEO of Nanostart AG. "For us, the forthcoming IPO and Nasdaq listing of NanoDynamics will mark a fantastic success."

For the Frankfurt-based nanotechnology investment company, the IPO of its U.S. holding NanoDynamics will already mark the fifth of its portfolio companies to go public, again underscoring the high quality of its portfolio. In terms of "exits," which in the world of venture capital refers to IPOs plus "trade sales" to major corporate buyers, Nanostart AG has thus far managed to capture by far the leading position globally within the emerging nanotechnology market. No other nanotechnology investment company has completed more IPOs than Nanostart AG.


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, New York, NanoDynamics, Inc. develops and markets products, advanced materials and process technologies that provide clean technology solutions for today’s global challenges, with the principal focus on the energy, environmental, and infrastructure markets.

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.

Media contact:
Nanostart AG
Public Relations
Dr. Hans Joachim Dürr
Goethestrasse 26-28
60313 Frankfurt
Germany
phone: +49 (0)69-21 93 96 111
fax:     +49 (0)69-21 93 96 122
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