EANS-News: ItN Nanovation strengthens industrial coating business in independent business unit - Industrial coatings and contracted research will be concentrated in single business unit - Resear

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Company Information

Saarbrücken - May 03rd, 2012 (euro adhoc) - As part of the actual
process of restructuring the company, ItN Nanovation AG (ISIN
DE000A0JL461) will concentrate its present activities in industrial
coatings and contracted research in a new standalone business unit.
By this means, customer demands can be met more successfully. In
addition, a clearly defined separation to the activities in the field
of water filtration will be achieved.

The new business unit will be running all operations like sales,
product management, application development and fundamental research
as well as production. The required know-how by means of staff as
well as patents belonging to the business will be transferred.

The industrial coatings operation develops and successfully sells
coatings with non-stick properties or other protective
functionalities for optimization of industrial processes. The product
line "Nanocomp MetCast" consists of separative coatings for metal
smelting and automotive foundries, replacing the highly frequent use
of separation agents.

Currently the product series Nanocomp MetCast BC is being introduced
to the market, providing the first commercially available long-life
coating for casting brass sanitary faucets. Additional products for
smelting of high purity metals are under development.

In the field of contracted research, making up about one third of the
revenues of the new business unit, mainly research contracts on
special coatings for industry customers working e.g. in the field of
home appliances, automotive and spacecraft with perspective of own
production of the future products shall be worked on.

With the gained independence of the new unit the management expects
it will be able to focus on its markets and customers and therefore
will evolve in a very positive way.

Notice: this information was published in German on the 27th of
April.

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: ir@itn-nanovation.com
www.itn-nanovation.com

IR-contact:
edicto GmbH
Axel Mühlhaus
Eschersheimer Landstraße 42
60322 Frankfurt am Main
Tel.: 069-90 55 05-52
Fax.: 069-90 55 05-77
Email: amuehlhaus@edicto.de

end of announcement euro adhoc
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company: ItN Nanovation AG
Untertürkheimer Straße 25
D-66117 Saarbrücken
phone: +49 (0)681 5001 460
FAX: +49 (0)681 5001 499
mail: info@itn-nanovation.com
WWW: http://www.itn-nanovation.com
sector: Technology
ISIN: DE000A0JL461
indexes: CDAX, General All Share
stockmarkets: free trade: Berlin, München, Düsseldorf, Stuttgart, regulated
dealing/general standard: Frankfurt
language: English