Frankfurt / Saarbrücken - June 30, 2009 – ItN Nanovation AG (ISIN DE000A0JL461), a portfolio company of Nanostart AG, will outfit a municipal water treatment facility with its CFM Systems modules in a major project which is the first of its kind in Germany.
With this landmark order, the company will now proceed to realize an important reference project of significant scope through which it will once again be able to demonstrate the technological and economic superiority of its ceramic flat filter membranes for water treatment applications. A contract for the order has now been signed between ItN Nanovation and Thaleischweiler-Fröschen, a collective municipality in the southwest of Germany.
Through this project, the municipality will by 2010 replace its existing and increasingly obsolete water treatment facility in the town of Petersberg with a membrane filter-based treatment plant using the ceramic modules from ItN Nanovation. A total of 1,920 square meters of ceramic filter surface area will be installed by ItN Nanovation, providing a maximum filtration capacity of 54 cubic meters per hour. Following the treatment, the wastewater will be clean enough to bathe or swim in. A major focus of the project is the energy saving offered by the new technology. Through its special nano-coating, the CFM Systems modules are able to attain high filtration rates and excellent water quality with a significant reduction in membrane surface area, saving substantial cost and reducing space requirements by over 75 percent.
The project in Germany will bring net revenues of well over half a million euros to ItN Nanovation. Because of the innovation which it represents, it is being partly funded by the German state of Rhineland-Palatinate. Construction is to begin immediately.
Lutz Bungeroth, CEO of ItN Nanovation, commented on the order: “This reference project within the German market is tremendously important to the further commercial success of CFM Systems, our ceramic flat membrane filtration system. It will demonstrate, in real operation, that the superb technological characteristics of CFM Systems are directly linked to economic benefits. Following our first project in Dubai, we now have the opportunity to demonstrate the advantages of our technology within our home market of Germany.”
“We congratulate our portfolio company ItN Nanovation on this major new project,” added Marco Beckmann, CEO of Nanostart. “Its technology now has a tremendous opportunity to prove its superiority in the European market.”
About Nanostart:
Nanostart AG is the world’s leading nanotechnology investment company. The Frankfurt-based company provides venture capital financing for nanotechnology companies in various growth phases. It also provides the benefits of its experience and expertise to developers of financial instruments and to investors in the nanotechnology sector. For further information about the company, please visit www.nanostart.de.
About ItN Nanovation:
ItN Nanovation AG, founded in 2000, is one of the leading nanotechnology companies in the world, developing innovative ceramic products, such as filtration systems and coatings, for large industrial customers. The nanoscale powder needed for those products is manufactured by the company itself. The filtration products from ItN Nanovation can be used for drinking water purification, waste water treatment, as beverage filters and for the separation of oil and water. Ceramic coatings based on nanotechnology are used in a variety of ways as protective and catalytic coatings in various industries: from baking ovens to aluminum foundries to coal-fired power plants. The company's success is founded on an extensive product portfolio, combined with comprehensive development and application know-how. For further information about the company, please visit www.itn-nanovation.de.
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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Nanostart AG
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