DGAP-News: ItN Nanovation AG close to winning major USD 5.3 million contract - Flat membrane filters for purifying deep groundwater in Saudi Arabia
(firmenpresse) - DGAP-News: ItN Nanovation AG / Key word(s): Letter of Intent
ItN Nanovation AG close to winning major USD 5.3 million contract -
Flat membrane filters for purifying deep groundwater in Saudi Arabia
19.06.2013 / 14:16
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Saarbrücken - June 19th, 2013. ItN Nanovation AG (ISIN DE000A0JL461) today
announced another substantial step in the development of its business based
on its highly powerful technology for purifying contaminated deep
groundwater. Of the eight deep groundwater projects mentioned in the
company's interim management statement published on May 17, 2013, one has
already come closer to being implemented, which is a key signal for the
other seven projects and the adoption of the ItN technology: ItN
Nanovation's joint venture partner, Juffali Chemical Products Co., has
received a letter of confirmation from Arab Contractors Co., a leading
construction company in the Middle East, concerning the purchase of ItN
filters worth USD 5.3 million. The purchase of ItN's flat
membrane filters 'CFM Systems' is made in connection with the Humaima deep
water well
project in Saudi Arabia; it is still subject to the approval of the Saudi
Ministry of Water. Once approval is granted, delivery of the ItN filter
systems would take place in 2014.
ItN's unique filter systems have a good chance of being deployed in other
drinking water projects in Saudi Arabia, the entire Middle East and North
Africa too. This is because the ItN filter systems are capable of filtering
substances such as iron, manganese and especially radium from the abundant
deep groundwater aquifers. As a result, ItN filters contribute to
eliminating the severe shortage of water in this region. Government
agencies and enterprises in the region have thoroughly examined the ItN
technology in the past 36 months. So far, the results have been highly
satisfactory and ItN's filtering technology has been officially approved
for the pollutants mentioned.
Given its recognized and superior technology for filtering deep groundwater
in desert regions, ItN Nanovation expects to win additional major contracts
on the Arab Peninsula and in North Africa.
For more information:
ItN Nanovation AG
Untertürkheimer Str. 25
66117 Saarbrücken
Tel.: +49 (0) 681/5001-460
Fax: +49 (0) 681/5001-499
Email: ir(at)itn-nanovation.com
www.itn-nanovation.com
IR contact:
edicto GmbH
Axel Mühlhaus
Eschersheimer Landstraße 42
60322 Frankfurt am Main
Tel.: +49 (0) 69/905 505-52
Fax: +49 (0) 69/905 505-77
Email: amuehlhaus(at)edicto.de
End of Corporate News
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19.06.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: ItN Nanovation AG
Untertürkheimer Straße 25
66117 Saarbrücken
Germany
Phone: +49 (0) 681 / 50 01 - 460
Fax: +49 (0) 681 / 50 01 - 499
E-mail: ir(at)itn-nanovation.com
Internet: www.itn-nanovation.com
ISIN: DE000A0JL461
WKN: A0JL46
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin, Düsseldorf, München
End of News DGAP News-Service
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217194 19.06.2013
Themen in dieser Pressemitteilung:
itn-nanovation-ag-close-to-winning-major-usd-5-3-million-contract
flat-membrane-filters-for-purifying-deep-groundwater-in-saudi-arabia
Unternehmensinformation / Kurzprofil:
Datum: 19.06.2013 - 14:16 Uhr
Sprache: Deutsch
News-ID 271203
Anzahl Zeichen: 4343
contact information:
Kategorie:
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