Home > Press > ItN Nanovation Signs Cooperation Agreement with BASF AG
Cooperation planned to start with BASF using Nanocomp AF • Partners
strive to adapt the product for further industry sector • If this
succeeds, the adapted product may be distributed worldwide by BASF •
First cooperation turnover possible in 2008
ItN Nanovation Signs Cooperation Agreement with BASF AG
Saarbrücken, Germany | Posted on November 8th, 2007
ItN Nanovation AG (ISIN DE000A0JL461) and BASF AG have
signed a cooperation agreement according to which BASF plans to
employ ItN Nanovation´s anti-fouling product Nanocomp AF. BASF will
use this high-performance coating based on nanotechnology in their
facilities´ cooling circuit systems to prevent "crystallization
fouling" caused by the formation of deposits on pipe surfaces. The
cooperation agreement, which was preceded by a roughly two-year
testing period at BASF, was set for a duration of five years. It
provides that ItN produce Nanocomp AF and supply it to BASF. The
first turnover from this agreement is possible in 2008.
Furthermore, the agreement provides that BASF and ItN jointly
continue developing the Nanocomp product line to adapt it for an
additional industry sector. If this product adaptation proves to be
successful, BASF may take over worldwide distribution of the adapted
Dr. Tillmann Lauk, CEO, ItN Nanovation AG: "This agreement with BASF
is an important milestone for our company - not only economically,
but also because the fact that such a renowned international player
in the chemical industry accepts our product is a sound proof of
confidence for our product range. Nanocomp AF (which we developed
under the working title Nanocomp AQ) has thus demonstrated its market
potential immediately after it was introduced. This success also
confirms our strategy of consistently developing new product lines
based on our nanotech platform technology."
About ItN Nanovation AG
We manufacture nanoparticles of consistent quality and homogeneous size.
We have the capacity to process these particles into innovative products and to control the size of the individual particles in order to give them the desired properties.
Our processing method ensures that the nanoparticles do not aggregate.
While nanoparticles are often used merely as fillers, our nanoparticles serve as concrete components, as well as highly effective protective and functional coatings, catalysts and filtration systems.
Our products contribute to increased energy efficiency and to solving global problems e.g. by supplying people with clean drinking water. They also help optimize the combustion of fossil fuels.
Some of our scientists have been researching these applications intensively since the early 1990's, and we have bee able to convert the results of their research into successful products.
We believe that we have a know-how and process-based advantage with respect to the processing of nanoparticles into high-tech ceramics for filtration systems, catalysts and protective coatings, an advantage which cannot soon be made up by companies which are only beginning to process nanoparticles in this manner. This gives us a clear competitive advantage in the growth markets of the 21st Century: energy and water.
And our research is continuing.
For more information, please click here
Investor & Public Relations Manager
Tel.: +49 (0)681 5001 467
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