Saarbrücken / Frankfurt am Main – 28 August 2009 – The Nanostart-holding ItN Nanovation AG (ISIN DE000A0JL461) in Saarbrücken reports the sale of its Nanocat product line to
Nanocat, the self-cleaning coating for household ovens, will be permanently and exclusively manufactured by
ItN Nanovation will focus mainly on ceramic high-performance coatings based on the Nanocomp technology platform for industry and the ceramic flat filter membrane systems, CFM systems. The company expects significant growth rates in the coming years that were already apparent in the past quarters. The financial basis for further company development was expanded using the cash inflow from the Nanocat transaction and the development towards profitability has been accelerated by the positive profit contribution.
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 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. ItN Nanovation was formed in 2000 and currently has over 100 employees. The company's success is founded on an extensive patent portfolio, combined with comprehensive development and application know-how. For further information about the company, please visit www.itn-nanovation.com.
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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