DGAP-News: Nanostart-held ItN Nanovation announces partnership with ThyssenKrupp Xervon Energy covering Nanocomp PP
(firmenpresse) - Nanostart AG / Key word(s): Miscellaneous
29.09.2010 11:08
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- Exclusive cooperation agreement for advanced nanoceramic technology
used in power plants
- Partnership to span major European markets
- Significant initial revenues expected already in 2011
Frankfurt / Saarbrücken - September 29, 2010 - ItN Nanovation AG (ISIN
DE000A0JL461), a Nanostart portfolio company, has signed an exclusive
cooperation agreement with ThyssenKrupp Xervon Energy GmbH covering the
marketing and distribution of the Nanocomp PP product line from ItN
Nanovation. This innovative solution uses the company's proprietary
nanoceramic technology as a protective coating for the combustion chambers
and downstream areas of power plants. The cooperation will address the
needs of fossil fuel-fired power plants and scrubbers; incineration plants
for trash, hazardous waste, biomass and sewage sludge; and high-temperature
industrial production facilities for glass, cement and metals. In addition
to Germany, the home market for both companies, the partnership will extent
to Spain, Italy, Poland, the Benelux countries and various southeast
European countries.
Under the terms of the agreement, ThyssenKrupp Xervon Energy will
contribute its extensive market access and local presence throughout these
countries, while ItN Nanovation will provide its Nanocomp PP technology on
an exclusive basis, along with related training. The agreement excludes
existing customers of ItN Nanovation.
ThyssenKrupp Xervon Energy GmbH is one of the world's leading service
providers to the power generation industry. The company is a 100%
subsidiary of ThyssenKrupp Xervon GmbH.
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
29.09.2010 11:08 Dissemination of a Corporate News, transmitted by DGAP -
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Datum: 29.09.2010 - 11:08 Uhr
Sprache: Deutsch
News-ID 32273
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