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Nanostart-holding ItN Nanovation AG sells commercials premises in Halberstadt

Saarbrücken / Frankfurt am Main – 11 September 2009 The Nanostart-holding ItN Nanovation AG (ISIN DE000A0JL461) has today contractually sold all its commercial premises in Halberstadt to CWT Clean Tec AG. The sales price amounts to a total of almost 2.5 million Euros that is paid to ItN Nanovation in different tranches; around 75% of this amount will be paid in 2009. The transaction was made according to the usual market conditions at a price slightly below the book value with extensive subsidies not being considered.

 

With this transaction, ItN Nanovation sells the commercial premises where the product Nanocat - in the meantime sold to “BSH Bosch und Siemens Hausgeräte" - has been produced. The smooth handling of the major order announced by BSH is not affected by the sale and guaranteed in full. The ceramic flat filter membrane systems (CFM systems) produced in Halberstadt will continue to be exclusively manufactured by CWT for ItN Nanovation with a fixed production capacity. The patents for this remain with ItN Nanovation. CWT AG wants to focus on manufacturing tubular membranes in the commercial premises in Halberstadt in the future by direct selling. This product line is not in competition with the future core product portfolio of ItN Nanovation that consists of ceramic coatings based on Nanocomp technology platform and CFM systems.

The partial externalisation of production results in an additional annual cost saving in the six-digit Euro region. The sales price is used for the additional strengthening of liquidity of ItN Nanovation. As a result, the company has completed adjustments to the product and production range for the core business.

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
e-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it


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