euro adhoc: ItN Nanovation AG / other / ItN Nanovation increases revenues in Q2 2008 by 43 percent

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6-month report

29.08.2008

• Increase in revenues in H1 2008 by nearly 24 percent to EUR 2.8 million
• Result marked by extensive one-time effects
• EBIT for half year at EUR -6.4 million
• Further revenue growth and improvement in result planned for second half
of the year

Saarbrücken, August 29, 2008 - ItN Nanovation AG (ISIN DE000A0JL461)
was able to realize dynamic growth in revenues of 43 percent in the
second quarter of 2008 year-on-year. On the back of strategy
adjustments the company was increasingly tuned to the business needs
of the market and its future sustained success. In the course of
implementing these measures, the company´s balance sheet was
adjusted, resulting in profit impacting one-time effects amounting to
around EUR 2 million being accrued in the period.

Revenues in Q2 2008 increased to EUR 1.6 million. This is 43 percent
higher than EUR 1.1 million recorded in the previous year's period.
In the first six months of the year, revenues came in at EUR 2.8
million and exceeded the value of EUR 2.3 million from the previous
year by around 24 percent. Profit impacting extraordinary one-time
effects totaling approx. EUR 2 million were accrued due to testing
valuations of balance sheet items such as own work capitalized, and
as a result of negative impacts connected to changes in personnel.
ItN Nanovation expects further negative impacts in the wake of
repositioning to be minimal or non-existent. EBIT in Q2 2008 amounted
to EUR -4.5 million after EUR -1.7 million in the prior year. For the
first half year of 2008 it totaled EUR -6.4 million compared to EUR
-3.2 million year-on-year. Net result for the period in Q2 2008 -
impacted by one-time effects - added up to EUR -4.4 million compared
to EUR -2.9 million in the prior-year. In the first half year, it
amounted to EUR -6.3 million compared to EUR -4.4 million in the
previous year´s period.

ItN Nanovation anticipates further dynamic growth along with improved
results for the second half of the year. We also expect a continued
increase in revenues for 2009 in the upper two digit percent region.
Based on current business development there is a greater probability
that the company will reach its forecast of breaking even in 2009.
Alongside the already established product lines such as ceramic
coating solutions from the Nanocomp family and the coatings for
household ovens, we anticipate ceramic flat filter membrane systems
and CFM Systems being the key growth drivers. In addition to the
recent EUR 5 million order announced by CFM Systems from the Gulf
region the company also has received further high-volume orders. ItN
therefore expects exponential growth for 2009.

The complete report on the first half year 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:

ItN Nanovation AG

Untertürkheimer Straße 25

66117 Saarbrücken

Tel.: +49 (0) 681/50 01-460

Fax: +49 (0) 681/50 01-499

E-Mail: info@itn-nanovation.com

www.itn-nanovation.com

IR-Kontakt:

edicto GmbH

Herr Axel Mühlhaus

Zeißelstr. 19

60318 Frankfurt am Main

Tel.: 069-90 55 05-52

Fax.: 069-90 55 05-77

Email: amuehlhaus@edicto.de

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
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