DGAP-News: Nanostart-held ItN Nanovation signs cooperation agreement with leading Italian builder of wastewater treatment facilities
(firmenpresse) - Nanostart AG / Miscellaneous
03.08.2010 09:14
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* Exclusive use of CFM Systems(R) technology from ItN
* Significant inroad into key markets of Italy, UK, France and Spain
* Initial sales expected already in 2011
* Further cooperation arrangements to follow
Saarbrücken / Frankfurt - August 3, 2010 - ItN Nanovation AG (ISIN
DE000A0JL461), a portfolio company of Nanostart AG, yesterday announced the
signing of a major cooperation agreement with one of Italy's leading
builders of wastewater treatment facilities. Under the newly signed
agreement, Ecologia Soluzione Ambiente S.p.a. has committed itself to
exclusively use the CFM Systems(R) ceramic flat filter membrane technology
from ItN Nanovation in the construction of its future wastewater treatment
facilities.
With this new partnership, ItN Nanovation has made a significant inroad not
only in the Italian market for wastewater treatment, which is the third
largest in Europe, but also in the similarly important markets of France,
Spain and the UK. The deal thus opens significant additional revenue
potential to ItN. In addition to use within conventional wastewater
solutions, the two partners also see the potential for use in new
applications for water treatment.
Ecologia Soluzione Ambiente, founded in 1966, is a plant manufacturer,
focused on cleantech solutions. In its water division, the innovative
company is specialized in wastewater treatment, and rainwater treatment.
The company has local offices to support its business activities in the UK,
France and Spain.
'That a technology leader in wastewater treatment facilities like Ecologia
Soluzione Ambiente has decided to exclusively use our ceramic flat filter
membranes is yet another demonstration of the superb performance that CFM
Systems(R) can uniquely provide,' said Lutz Bungeroth, CEO of ItN
Nanovation. 'We are currently negotiating further cooperation arrangements
along these lines in other highly promising markets. There's a lot of
interest in what our technology can do.'
About Nanostart:
Nanostart AG, headquartered in the German financial capital of Frankfurt,
is the world's leading nanotechnology investment company, with portfolio
companies spanning the globe from Silicon Valley to Singapore. The company
provides venture capital financing for nanotechnology companies in various
growth phases with a focus on innovation-driven industries of the future
such as cleantech, life sciences and IT/electronics. Through its subsidiary
and venture capital fund in Singapore, Nanostart is proud to be the
investment partner of the Singaporean government. 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.
Nanostart AG
Public Relations
Dr. Hans Joachim Dürr
Goethestrasse 26-28
60313 Frankfurt
Germany
phone: +49 (0)69-21 93 96 111
fax: +49 (0)69-21 93 96 122
e-mail: presse(at)nanostart.de
03.08.2010 09:14 Ad hoc announcement, Financial News and Press Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Datum: 03.08.2010 - 09:14 Uhr
Sprache: Deutsch
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