07.08.2013
Nanostart AG DE000A0B9VV6
DGAP-News: Nanostart-holding ItN Nanovation AG bindingly receives two big orders from Saudi Arabia
DGAP-News: Nanostart AG / Key word(s): Miscellaneous/Incoming Orders
Nanostart-holding ItN Nanovation AG bindingly receives two big orders
from Saudi Arabia
07.08.2013 / 16:34
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- total volume above 4.5 Mio. Euro
- implementation of the projects planned within 2013
- replacement of conventional polymer filters in drinking water projects
of Buraydah City
- signal for further project successes in Saudi Arabia
Frankfurt / Saarbrücken, Germany - August 07, 2013 - Nanostart-holding ItN
Nanovation AG (ISIN DE000A0JL461) today has bindingly received via its
local agent Juffali Chemical Products Co. two big orders for ItN flat
membrane filters (CFM Systems) for a total of more than 4,5 Mio. Euro
(converted).
The orders which are provided in written form are for the replacement of
the previously used polymer membranes of two notable international
companies by high-performance and efficient ItN filters in the deep ground
water projects Buraydah und Buraydah North. Here the ItN flat membranes
were extensively tested in the last years. The now completed orders
therefore can be seen as a signal.
Both orders are to be implemented still within 2013. For that purpose flat
membranes will be used which were already delivered and invoiced to Juffali
Chemical Products Co. for one third in the years of 2011 and 2012. The
remaining order volume is expected to be booked for the most part in the
current financial year and backed with payment receipts.
The CFM-equipped plants in Buraydah enable the daily filtration and
treatment of around 100,000 cubic meters drinking water. This corresponds -
in the high and above average consumption per capita in Saudi Arabia - to a
need of about 500,000 persons.
Some weeks ago ItN has already announced a conditional confirmation letter
of the local general contractor for the delivering volume of around 4.0
Mio. Euro (converted) for the Humaima project in Saudi Arabia. The
finalisation of this order is also expected to be implemented within a
short
period of time.
About Nanostart
Nanostart AG is a leading nanotechnology venture capital company. The
company invests venture capital (VC) in promising young nanotechnology
companies. Nanostart invests globally and at different phases of
development. Emphasis of investments is on especially innovative industries
such as cleantech, life sciences, and IT/electronics. Nanostart invests
either directly in nanotechnology companies or through a regional
nanotechnology fund. The headquarters of Nanostart AG is in Frankfurt,
Germany.
About ItN Nanovation:
ItN Nanovation AG is one of Germany's leading nanotechnology companies. It
develops innovative ceramic products such as filter systems and coatings
for major industrial customers. The company manufactures the necessary
nanoscale powder in-house. ItN Nanovation's filter products can be used for
drinking water treatment and wastewater purification, as filters in the
drinks industry and to separate oil and water. Nanotechnology-based ceramic
coatings are used as protective and catalytic layers in a wide range of
applications in various industries, from ovens through aluminum foundries
to coal-fired power stations. ItN Nanovation was founded in 2000. The
company's success is based on an extensive patent portfolio combined with
in-depth development and application expertise. For more information on 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 Canada, Australia, or Japan.
Media contact
Nanostart AG
Dr. Hans Joachim Dürr
Head of Corporate Communications
Goethestrasse 26-28
60313 Frankfurt/Main
P: +49 69-21 93 96 111
F: +49 69-21 93 96 150
E-Mail: [email protected]
End of Corporate News
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Language: English
Company: Nanostart AG
Goethestraße 26-28
60313 Frankfurt
Germany
Phone: 069 / 2193 96111
Fax: 069 / 2193 96150
E-mail: [email protected]
Internet: www.nanostart.de
ISIN: DE000A0B9VV6
WKN: A0B9VV
Listed: Freiverkehr in Berlin, Düsseldorf, München, Stuttgart;
Frankfurt in Open Market (Entry Standard)
End of News DGAP News-Service
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