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International market expansion continues
Nanogate (ISIN DE000A0JKHC9), a leading international nanotechnology enabler, is strengthening its market position in Austria. Following its successful market entry last year, the Group is now expanding its product range at REWE International AG, Austria: from now on the supermarket chain MERKUR will be selling care products from the Nanogate brand feldten. Nanogate expects to record significant six-digit sales figures in the medium term.
The new product line includes top-quality shoe-care products that are highly dirt and water-repellent and ensure that leather and functional textiles remain breathable. Following the listing in the MERKUR supermarkets, which are found in all of Austria's urban areas, there are medium-term plans to sell the product line at REWE Austria's other retail chains too. Several textile-care products from the feldten brand have been available in Austria at the supermarket and chemist chains Billa, BIPA, MERKUR and Sutterlüty since spring 2009.
Ralf Zastrau, CEO of Nanogate AG, commented: "International business is a key growth driver for the feldten brand. The new order from REWE Austria is also proof of the effectiveness of our products. We expect to open up additional sales channels and sales potential in the short and medium term."
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 – into materials and surfaces. 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 on the basis of technology platforms. The company thus provides a decisive interface for the commercial use of chemical nanotechnology and bridges the gap between the suppliers of raw materials and industrial conversion into products. In doing so, Nanogate 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 81 employees in all (as of July 2010) and since commencing operations in 1999 has been a trailblazer in nanotechnology. The company has first-class customer references (e.g. ABB, BSH Bosch-Siemens Haushaltsgeräte, Kärcher, Koenig & Bauer AG, Opel and REWE Austria) and many years’ experience of different industries and applications. To date, more than 180 projects have gone into mass production. Nanogate has also entered into strategic cooperations with international companies such as the GEA Group and Dow Corning. The Group also includes Nanogate Advanced Materials GmbH, which specialises in complex applications like high-performance optics, FNP GmbH in the area of sport/leisure, a majority shareholding in Holmenkol AG and a shareholding in sarastro GmbH.
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