DGAP-News: Nanostart-held NanoGram to be fully acquired by major Japanese chemical corporation
(firmenpresse) - Nanostart AG / Miscellaneous
09.08.2010 11:34
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- Teijin Limited to acquire 100% of Silicon Valley-based portfolio
company
- Trade sale marks second year-to-date exit by Nanostart
- Proceeds to be invested in promising new nanotechnology opportunities
Milpitas / Osaka / Frankfurt - August 9, 2010 - NanoGram Corporation, a
nanotechnology company based in California and partly owned by
Nanostart AG, has been wholly acquired by Teijin Limited (Tokyo Stock
Exchange: 3401). Teijin is one of Japan's leading international chemical
groups, with some 19,000 employees and consolidated revenues in the last
fiscal year of 765 billion yen. Since 2009, Teijin and NanoGram have been
working together to develop new applications for its technology in the
high-growth market for printed electronics, meaning electronic components
which are literally 'printed'. Compared to conventionally produced
components, the printed electronics produced using the NanoGram technology
are cheaper and more flexible in application. NanoGram is a leading-edge
pioneer not only in the production of printed electronics, but also in
other areas and has been actively sought around the world as a valuable
partner.
Its takeover of NanoGram assures Teijin of exclusive access to an
innovative nanotechnology platform which is strongly protected with 107
U.S. and international patents as well as more than 80 additional U.S.
patents pending. Under the terms of the agreement, neither party is
permitted to disclose the purchase price.
Teijin is excited to couple its expertise with NanoGram's technology to
capitalize on the expanding markets for flexible displays and printed
semiconductor materials,' said Ichiro Kobayashi from Teijin, and now the
CEO of NanoGram.
'Our nanoparticle manufacturing technology, and the materials we have
developed using the technology, have proven to have superior functionality
in a variety of applications for solar, flexible displays and printed
semiconductor applications,' said Dave Corbin, the former CEO of NanoGram.
'What NanoGram needs to take those materials to market is application
expertise and the ability to scale quickly. Teijin recognized the potential
in NanoGram and its technology. It will be the company that takes us to the
next level.'
Nanostart AG, the international nanotechnology venture capital company
based in Frankfurt, made its initial investment in NanoGram in 2007. The
proceeds from the sale of its stake to Teijin will be invested by Nanostart
into new nanotechnology holdings. Particularly within the Asian market,
Nanostart management currently sees extraordinarily promising investment
opportunities in nanotechnology which are being aggressively pursued.
This trade sale of its shareholding in NanoGram to Teijin marks the second
exit so far this year for Nanostart. Earlier this year, the Swiss
pharmaceutical giant Roche Diagnostics acquired the primary product line of
another U.S.-based Nanostart portfolio company, BioMicro Systems Inc., in
an asset sale transaction.
Teijin Limited is a global technology-driven group. Teijin Limited is
listed on the Tokyo and Osaka stock exchanges and has a market
capitalization of USD 3.1 billion.
About Nanostart:
Nanostart AG, headquartered in Frankfurt, Germany, 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 NanoGram:
NanoGram Corporation is a pioneer and leading cleantech solutions provider
that enables customers and partners to realize product and system
performance previously thought impossible. NanoGram develops, manufactures,
and sells silicon-based photovoltaic as well as advanced nano materials,
process technologies, and production tools for optical, printed electronic
and energy products. NanoGram also offers complete licensing packages that
include proven materials production processes, surface modification and
dispersion technologies, process transfer expertise, and ongoing support.
For more information, please visit www.nanogram.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.
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
09.08.2010 11:34 Ad hoc announcement, Financial News and Press Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Datum: 09.08.2010 - 11:34 Uhr
Sprache: Deutsch
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