ItN Nanovation has a successful start in 2008

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Saarbrücken (euro adhoc) - ItN Nanovation (ISIN DE000A0JL461) had a
successful start to the financial year 2008. Important enhancements
were achieved on the product side and well-known customers were
acquired during the first quarter. In addition, the sales volume in
the amount of EUR 1.21 million is a 5% improvement over the EUR 1.16
million recorded in the previous year. For the remainder of the year
2008, ItN Nanovation expects a noticeable increase of the turnover
due to the cooperations and partnerships arranged in the previous
quarters and as a result of the newly acquired customers. The
operating performance in the first quarter 2008 amounted to EUR 1.47
million which is a marginal decline compared to the previous year´s
quarter due to inventory changes. The EBIT was EUR -1.90 million
after EUR -1.49 million in the first quarter 2007. The net profit was
EUR -1.93 million after EUR -1.47 million in the same period last
year. The objective remains to make significant progress towards the
break-even point in the course of the second half of the year.
However, significant efforts will be required in order to operate in
the black already during the course of the fourth quarter.

In the product line Nanocomp Metcast (usage in the foundry sector),
ItN Nanovation succeeded in winning important new customers in the
first quarter 2008. Thus, Grohe AG, Europe´s largest manufacturer of
sanitary taps and fittings, will use the product in the newly
installed casting line at the company´s principal office in Hemer.
With the Norsk-Hydro group, an important reference customer had
already opted for the use of Nanocomp Metcast at the end of 2007.

In addition, it was possible to conclude the contract negotiations
with RWE Power Group shortly after the end of the quarter. This
facilitates the accelerated introduction of the product line Nanocomp
Powerplant, initially at the RWE lignite power plants and at the
waste power plants. As far as the Nanocat nanotechnology coatings are
concerned, the introduction of the new, more cost-efficient
formulation in particular makes itself felt. Thus, ItN expects a
substantial increase of the gross profit margin in this segment in
the coming quarters. In the area of ceramic flat membrane systems
(CFM systems), mainly the business at small and medium-sized sewage
treatment plants is clearly picking up.

During the coming quarters, ItN Nanovation will continue the
successful strategy of opening up new markets by means of well-known
customers and the subsequent broader use of the products. The
innovative product range and the strategic positioning allow ItN
Nanovation to look confidently toward the future and to assume that
the existing market potentials can be exploited as expected.

The complete report on the first quarter 2008 is available for
downloading at www.itn-nanovation.com.

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
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