Home > Press > Nanogate AG gains its first major U.S. customer
Long-term contract with one leading U.S. bathroom fixtures company - International business in NAFTA zone expanding significantly - Volume of orders in millions
Nanogate AG gains its first major U.S. customer
Saarbrücken, Germany | Posted on July 17th, 2007
Nanogate AG (ISIN DE 000A0JKHC9) is penetrating the U.S. market: in the future, the nanotechnology company will provide multifunctional surfaces for various product lines manufactured by a leading bathroom fixtures company. The contract spans several years and stipulates minimum sales which are to increase year by year. The conclusion of the contract considerably boosts Nanogate's international business and bears out its rollout strategy.
The long-term cooperation has a minimum term of several years and provides for further formal extension options. It also stipulates minimum sales which are to increase each year. The contract for the NAFTA zone (USA, Canada, Mexico) entails, for example, coating glass surfaces with an invisible, eco-friendly finish which repels water, limescale and dirt, protects them from glass corrosion and is easy to clean. Nanogate developed the necessary technology platforms and has been marketing them successfully in various applications in Europe since 2000. The U.S. firm is one leading global manufacturer of bathroom products in the NAFTA zone and employs thousands of people around the world. New products are set to be presented on the market before the year is out. In operational terms, the cooperation will come under the remit of the new Buildings/Interiors segment.
"With this contract, we are considerably consolidating both international business and the new Buildings/Interiors segment" explained Ralf Zastrau, Chairman of the Management Board of Nanogate AG. "The agreement bears out our strategy of focusing on attractive sectors and tapping these on an international scale." Nanogate expects its customer base to grow further in the course of the current year, especially abroad. In this connection, the company hopes to benefit from the future programme NEXT, which was presented in April 2007 and entails sharpening its industry focus, especially in the fields of buildings/interiors, automotive/mechanical engineering, sport/leisure and functional textiles (in the course of the year). "We can boast high-performance technologies for these high-volume markets which enable us to offer fast implementation and high-margin applications" Zastrau added.
About Nanogate AG
Nanogate has been operative since 1999 and is an internationally leading enabler in the growth market of nanotechnology. Our demands are high: We aim to increase the added value of our customers and enable a competitive edge. We are known for our state-of-the-art standards in technology and speed in implementation.
We support our partners from the idea through to the finished product: cross-sector and non-application-dependent. We have already successfully implemented the most varied of product innovations for our customers. But for us, this is just the beginning. We expect that in ten years time every second product will be influenced by nanotechnology. We make this potential accessible to our customers.
For more information, please click here
Public & Investor Relations GmbH
Tel. +49 (0)69/959290-0
Fax +49 (0)69/ 959290-29
Copyright © Nanogate AG
If you have a comment, please Contact
Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.
Iranian Researchers Present New Model to Strengthen Superconductivity at Higher Temperatures April 19th, 2014
Iranian Researchers Produce New Anti-Cancer Drug from Turmeric April 19th, 2014
'Exotic' material is like a switch when super thin April 18th, 2014
Innovative strategy to facilitate organ repair April 18th, 2014
Industrial Nanotech, Inc. Lands First Major Order from Pemex, Mexico’s State-Owned Oil and Gas Company April 14th, 2014
TED Selects Nanotech for Branding and Security on 30th Anniversary Conferences: Nanotech and TED collaborate to create a custom security feature using nano-imaging March 17th, 2014
Simon Fraser University Completes Installation of Electron Microscopes from FEI: SFU’s new multi-million-dollar Centre for Soft Materials now offers the most advanced suite of microscopes in Western Canada March 11th, 2014
Arrowhead Receives Regulatory Approval to Begin Phase 2a Trial of Chronic Hepatitis B Candidate ARC-520 March 3rd, 2014