Press releases

Frankfurt / Saarbrücken – December 21, 2011 – Nanostart (OTCQX: NASRY)-holding ItN Nanovation AG, (ISIN DE000A0JL461) announces that RUSAL’s IRKAZ, an aluminium smelter based in Irkutsk, and specialists from RUSAL’s Engineering and Technology Center, have successfully tested Nanocomp Metcast, nanocoatings developed by ItN Nanovation AG (Germany).

• Plans outlined for NanoTherm® therapy market entry in Russia  
• Financial and professional support for approval in Russia
• First step for internationalization of NanoTherm therapy

Frankfurt / Berlin – December 14, 2011 – Nanostart-holding MagForce AG (XETRA: MF6), a leading medical technology company focusing on nanomedicine in oncology and Delrus Inc., a leading Russian medical product distribution company, announced today the signing of a Letter of Intent (LOI) between the two companies.

Frankfurt/Main – November 24, 2011 – The Frankfurt nanotechnology investment company Nanostart AG is publishing an interim report on the third quarter of 2011. The report on the developments at Nanostart AG and its portfolio companies is available now in the Investor Relations section on the company’s website (www.nanostart.de). 

Berlin /Frankfurt  – November 23, 2011 – Nanostart (OTCQX: NASRY)-holding MagForce AG (FSE:MF6), a leading medical technology company focusing on nanomedicine in oncology, announced that Merchant Securities Limited has initiated research coverage on the company and published its first report. The report gives a buy recommendation and is available upon request from MagForce AG and Merchant Securities Limited or at http://tinyurl.com/czmb5uu

• Financing of SGD 6 million
• Holding of Nanostart Singapore-fund remains constant
• Funding to be used for commercial expansion

Frankfurt/Singapore – November 8, 2011 – Singapore Nanostart (OTCQX: NASRY) investment BioMers has successfully concluded a round of financing for around SGD 6 million (approximately €3.5 million). Its new investors include a further venture capital fund and several private investors. Nanostart is investing pro rata in this financing round and thereby keeping Nanostart Singapore Early Stage Venture Fund’s share in BioMers largely constant at about 24%.

Frankfurt, Berlin – October 31, 2011 – Nanostart (OTCQX: NASRY)-holding MagForce AG (FSE:MF6), a leading medical technology company focusing on nanomedicine in oncology, announced today the resignation of Prof. Dr. Walter Rust as chairman of the Supervisory Board as of October 25, 2011 due to health reasons. Effective October 28, 2011, Dr. Peter Heinrich stepped down from his position as MagForce CEO and is expected, at a future date, to return to his previous role as a member of the MagForce Supervisory Board. Until further appointments are confirmed, Dr. Andreas Jordan will represent the Management Board with the support of Prof. Dr. Hoda Tawfik, VP Clinical Development & Medical Affairs, and Solveig Salomon, VP Marketing & Sales.

• Acquisition and renaming of licensed asset manager
• Purchase price of EUR 2.4 million in cash
• Regulatory requirements for market entry fulfilled
• Locations in Moscow and Perm

Frankfurt am Main / Moscow – October 21, 2011 – The Frankfurt-based nanotechnology investment company Nanostart AG has acquired a licensed asset management company in Russia that will trade as Nanostart Russia Asset Management Ltd in future. The corresponding contracts have been signed in Moscow and the purchase price of EUR 2.4 million has been paid in cash.

• Joint venture contracts signed by all parties and approved by ItN Nanovation executive bodies
• ItN Nanovation to have an initial stake of 17 per cent with an option to increase to 40 per cent
• ItN Nanovation to recognize USD 2,350,000 in income for rights of use
• Government may grant business license by end of 2011 subject to conditions

Frankfurt / Saarbrücken – October 20, 2011 – Nanostart-holding ItN Nanovation AG (ISIN: DE000A0JL461) has finalized the binding contracts on the joint venture in Saudi Arabia that was preliminarily agreed in October 2010. The renowned Saudi-Arabian partner Juffali and the consortium of German industrial investors have now signed the contracts and the Management Board and Supervisory Board of ItN Nanovation have approved the signature.