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Nanostart-held Namos reaches final round of IQ Innovation Awards for Central Germany
* Namos GmbH one of two finalists in the Automotive category
* New technology from Namos saves up to 50% of precious metal required for the production of automotive catalytic converters
* Annual savings potential estimated at USD 4 billion
Dresden-based Namos GmbH, a portfolio company of Nanostart AG, has reached the final round of the IQ Innovation Awards for Central Germany with its project "Saving of precious metals in catalytic converters using a biological template." Namos now remains as one of two finalists within the Automotive category, one of six different award categories in this year's IQ Innovation Awards. A winner will be announced for each award category along with an overall winner. 132 companies from throughout central Germany were nominated for this year's competition, which is sponsored by the Industrial Initiative for Central Germany, a private initiative set up to promote and strengthen regional competitiveness within the German states of Saxony, Saxony-Anhalt and Thuringia. Out of these 132 nominees, a total of 12 finalists were selected.
The proprietary process from Namos is based on a bionanotechnological coating which is applied to the ceramic substrate used in catalytic converters, enabling very substantial savings in the amount of precious metal required to produce them. Approx. 230 metric tons of "new" (i.e. non-recycled) precious metal are currently consumed each year to produce automotive catalytic converters, corresponding to an annual value of USD 6-8 billion. Roughly half of this amount could be saved through the new technology from Namos.
A judging panel of 20 leading figures from business, academia and government throughout the three German states will select the category winners and overall winner at the end of May. The five other categories are Biology/Life Sciences, Chemistry/Polymers, Food Technology, Information Technology and Energy/Environment. The winners of the IQ Innovation Awards for Central Germany 2009 will be announced at the IQ awards ceremony, which will be held in the city of Halle/Saale on June 10.
About Nanostart AG
Nanostart AG is the world’s leading nanotechnology investment company. The Frankfurt-based company provides venture capital financing for nanotechnology companies in various growth phases. It also provides the benefits of its experience and expertise to developers of financial instruments and to investors in the nanotechnology sector.
Namos GmbH develops highly innovative coatings based on aqueous solutions, with a focus on nanostructured surfaces which offer uniquely advantageous characteristics. Rather than producing these with a large number of complex process steps, these are produced using biomolecules which use their inherent “intelligence” to organize themselves in certain ways into the desired structures. The company has long maintained intensive contacts with leading-edge research centers, particularly within the area of Dresden. The customers and cooperation partners of Namos include renowned major corporations as well as smaller and specialized companies. For further information, please visit www.namos.de.
This notice constitutes neither an offer to sell nor a solicitation of offers to purchase or subscribe to securities. There will be no public offering of securities of Nanostart AG in conjunction with the existing listing of its shares in the “Entry Standard” segment of the regulated unofficial market (Freiverkehr) on the Frankfurt Stock Exchange. This notice does not constitute a securities prospectus. Neither this notice nor the information contained within is intended for direct or indirect distribution within the United States of America, Canada, Australia or Japan.
For more information, please click here
Dr. Hans Joachim Dürr
phone: +49 (0)69-21 93 96 111
fax: +49 (0)69-21 93 96 122
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