ItN Nanovation presenting figures for 2007

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Saarbrücken (euro adhoc) - April 30 2008. In the financial year 2007
ItN Nanovation AG (ISIN DE000A0JL461) successfully established its
strategic growth platform by cooperating with international market
leaders. The development in turnover was not in line with
expectations due to one-off effects. It reached EUR 4.8 million
compared to EUR 5.8 million in 2006. One-time effects resulted from a
price reduction for main customers B/S/H Bosch und Siemens Hausgeräte
as well as a delay of turnover expected from Nanocomp Metcast
(foundry segment) by one year. For 2008 the company is expecting a
significant increase in turnover.

Subsequently operating performance in the financial year 2007 came in
at EUR 5.9 million after EUR 6.3 million in the previous year.
Earnings before tax reached EUR -6.5 million compared to EUR -4.6
year-on-year. The annual result was recorded at EUR -8.2 million
after EUR -5.9 million in 2006. This can mainly be attributed to the
delayed introduction of an optimized Nanocat product at B/S/H,
establishing more resources in sales, R&D and production, as well as
relocating ceramic tubular filter membrane production to China. The
equity ratio at the end of the financial year reached almost 73
percent compared to 77 percent one year earlier.

In 2007, a new and far-reaching cooperation and sales contract was
signed with BASF SE on the introduction and expansion of Nanocomp AF
(anti-fouling). This agreement complements the existing partnership
on the Nanocat line with B/S/H Bosch und Siemens Hausgeräte. In
addition to that the foundations for a cooperation and sales contract
with RWE for the power plant product line Nanocomp PP (power plant)
were laid. This contract was signed at the beginning of 2008.

In the segment of Ceramic Flat Membrane Systems (CFM Systems,
decentral sewage plants) the prerequisites for sales in a
multi-billion euro market were fulfilled with a construction license
being issued in mid 2007. On top of that Nanocomp Metcast was able to
achieve the final step of marketability of its product line with
strategic customers such as Norsk-Hydro Group.

In the current financial year 2008 ItN Nanovation is going to stick
firmly to the track it has taken which is to complete and sell
high-end nanotechnology products with respective market leaders in
very specific global demand segments. The company is expecting
considerable increases in turnover which will also result in
significant improvements in earnings. With substantial effort being
made ItN is expecting break-even to be achievable by the end of the
financial year.

end of announcement euro adhoc
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ots Originaltext: ItN Nanovation AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Andreas Kuntz

Investor & Public Relations Manager

Tel.: +49 (0)681 5001 467

E-Mail: andreas.kuntz@itn-nanovation.com

Jochen Hög

Investor & Public Relations Manager

Tel.: +49 (0)681 5001 566

E-Mail: jochen.hoeg@itn-nanovation.com

Branche: Technology
ISIN: DE000A0JL461
WKN: A0JL46
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade