- One of the world’s largest primary aluminum plants to use Nanocomp Metcast ceramic coating
- Pioneering technology with enormous cost-saving potential
- Other major aluminum producers expressing strong interest
Saarbrücken / Frankfurt – January 21, 2010 – ItN Nanovation AG (Frankfurt Stock Exchange: I7N), a portfolio company of Nanostart AG, has acquired a major new customer for its Nanocomp Metcast solution with Qatalum, one of the world’s largest primary aluminum plants. Nanocomp Metcast is a patented nanoceramic coating from ItN Nanovation which is insensitive to wide temperature swings.
It also offers low adhesion to molten metal, making it ideal for non-ferrous melting and casting operations. In the case of Qatalum, the new nanoceramic coating will be used to produce primary aluminum better and more efficiently. Metcast stands out first and foremost for its enormous cost-saving potential. With the end of its first construction phase this year, the Qatalum facility should have a production capacity of 585,000 metric tons per year, making it one of the world’s largest primary aluminum facilities ever built.
Qatalum, based in Qatar, is a joint venture between Norsk Hydro and Qatar Petroleum. Norsk Hydro, which itself is one of the world’s largest aluminum producers, has been successfully using Metcast since 2007. ItN Nanovation is presently discussing the introduction of Nanocomp Metcast with other major aluminum producers.
“We are delighted to be able to welcome Qatalum as one of the first major new plants to use Nanocomp Metcast,” said Lutz Bungeroth, CEO of ItN Nanovation. “This is a testimony to the confidence in the quality and efficiency of our product. We were able to win over Qatalum thanks to the strong support of Norsk Hydro, which has already been using our nanotechnology-based ceramic coating for some time. This new order from Qatalum underscores not only our technological leadership but also the commercial viability of our product.”
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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