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Nanogate is involved in the series production for the Opel Insignia - New-style coating protects car seats reliably and durably against dirt - Substantial contribution to sales expected - Worldwide release for series production for General Motors
Nanogate is making sure that, even after many years in action, the Opel Insignia still looks like new on the inside. With the help of the innovative Nanogate-Technologie®, the seat covers are enhanced in such a way that they do not get dirty. This allows Nanogate AG (ISIN DE000A0JKHC9), a leading international enabler for nanotechnology, to expand its market position in the automotive sector. With the Insignia, "Car of the Year 2009", Opel has become the first manufacturer in the world to equip its seating upholstery with this new-style coating from Nanogate. The first vehicles with the "Top Tec" enhancement have now been delivered. In the medium term, Nanogate would like to generate a euro sales volume running into at least six figures with this new technology. With the series application at Opel, the recently-begun marketing of high-grade textile enhancements has started successfully.
To begin with, the Opel Insignia, the "Car of the Year 2009", is being fitted out with the innovative protective layer. Thanks to its worldwide series release, further vehicles and brands from General Motors can now be enhanced with this product. The seat coating with its nanostructures prevents dirt or liquids from penetrating the fabric and discolouring the material. This coating from Nanogate means that a light dab is enough to remove the dirt. As a result, coffee, ketchup, pen ink or oil can no longer stain the highly sensitive seats the way they used to. The upholstery's breathable properties are also retained. The protective coating settles on every single fibre of the textile and is also resistant to cleaning agents. In addition, other functions such as antistatic and antibacterial properties and greater protection against flame damage can be integrated into the product. The Nanogate-Technologie® was developed in the Functional Textiles division, which was established in 2008. Active marketing of it began several weeks ago.
Nanogate CEO Ralf Zastrau points out, "The fact that General Motors has released our technology globally for the series is a milestone for Nanogate. It shows the superiority and practical value of our solutions, and not only in the Functional Textiles division. This success means that our years of development work are starting to pay off. We expect that this new technology will enable us in the medium term to generate euro sales running into at least six figures, as well as attractive margins. In addition to the series launch with Opel, we are involved in numerous rounds of promising negotiations with powerful companies from other sectors."
This publication constitutes neither an offer to sell nor an invitation to buy securities. The shares in Nanogate AG (the "Shares") may not be offered or sold in the United States or to or for the account or benefit of "U.S. persons" (as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended (the "Securities Act")). No offer or sale of transferable securities is being made to the public outside Germany."
Nanogate is a leading international enabler in the nanotechnology growth market and so opens the gate to this technology for its customers. The firm, which is based in Göttelborn (Saarland), enables the programming and integration of additional properties such as non-stick, anti-bacterial, anti-corrosive and ultra-low friction. Nanogate thereby gains a competitive edge for its customers by product refinement using chemical nanotechnology. Nanogate covers a wide range of industries, functions and substrates already on the basis of technology platforms. The company thus provides a decisive interface for the commercialisation of chemical nanotechnology, bridges the gap between raw materials and their industrial conversion into products and concentrates as an enabler on one of the most attractive segments in the industry. As a partner in innovation, Nanogate provides many services along the value chain – from development and production of innovative nanocomposities and nanostructured materials to powerful support for innovation and product integration.
The Nanogate Group currently has 72 employees in all (as of 1 September 2007) and since commencing operations in 1999 has been a pioneer in nanotechnology. Nanogate is a high-growth company and has operated profitably since financial year 2004. In financial year 2007 it boosted consolidated sales by about 32.8 % to around EUR 10.4 million. The earnings before taxes (EBT, according to IFRS) increased by about 32.8 % to around EUR 1.5 million. The company has first-class customer references (e.g. ABB, Bosch-Siemens Hausgeräte, Kärcher and Koenig & Bauer) and many years’ experience of different industries and applications. It has also entered into strategic cooperation with international companies such as Dow Corning. The Group’s consolidation entity includes Nanogate Advanced Materials GmbH, which specialises in complex applications like high-performance optics, FNP GmbH in the area of sport/leisure and a majority shareholding in Holmenkol AG.
Innovation-driven competitive advantage:
This is the guiding motto Nanogate AG is using as it confronts the current economic challenges and opens up new growth prospects for its clients. To achieve this, Nanogate AG has stepped up its efforts significantly and will be presenting a multitude of innovations in the current financial year. Since going public the company has invested millions in developing new technology platforms and has transformed these into marketable products. Nanogate has successfully illustrated its expertise in more than 150 cases, using innovation to offer its clients added value and a competitive advantage.
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