Frankfurt – July 21, 2009 – Nanostart AG, the Frankfurt-based nanotechnology investment company, has increased its shareholding in ItN Nanovation AG (ISIN DE000A0JL461), a cleantech company based in the southwestern Germany city of Saarbrücken, from 22.8 percent to approx. 26.5 percent.
ItN Nanovation has a unique technology platform which may be used to produce nanoceramic-based filters and coatings. This new technology is driving advances in areas such as water treatment, where it enables water to be purified to a high level while offering significant savings in both cost and space.
Marco Beckmann, CEO of Nanostart, commented on the company’s increased investment: “In ItN Nanovation AG, we see a company which, with its products, provides compelling answers to the some of the most pressing problems of our time. Particularly within the area of water filtration, we see major potential.”
The increased shareholding resulted from a capital increase by ItN Nanovation AG under which a total of 1,477,931 bearer shares were placed with existing shareholders. Because of oversubscription, demand for the shares exceeded the number actually placed by approx. 50 percent.
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.
Media contact:
Nanostart AG
Public Relations
Dr. Hans Joachim Dürr
Goethestrasse 26-28
D-60313 Frankfurt
Germany
phone: +49 (0)69-21 93 96 111
fax: +49 (0)69-21 93 96 122
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