Nanotechnology Now - Press Release: "Nanogate: COO Michael Jung to join Management Board of new portfolio company GfO"

Home > Press > Nanogate: COO Michael Jung to join Management Board of new portfolio company GfO

Abstract:
Nanogate (ISIN DE000A0JKHC9), a leading international enabler of nanotechnology, is advancing the integration of its new majority investment, GfO Gesellschaft für Oberflächentechnik mbH, by appointing COO Michael Jung to the Management Board of GfO. He will primarily be responsible for corporate development, finance and integration. The aim is to complete the integration swiftly and take advantage of resulting synergies as quickly as possible. The other members of the Management Board are to retain their seats.

Nanogate: COO Michael Jung to join Management Board of new portfolio company GfO

Göttelborn, Germany | Posted on September 7th, 2010

Its majority stake in GfO makes Nanogate Europe's leading system provider of high-performance surfaces for industry. The technology company GfO specialises in technical and optical surface enhancement as well as using an inkjet technology unique worldwide to apply coatings. This investment will boost Nanogate's growth rate and is intended to contribute to an EBIT margin of at least 15% in the medium term.

Ralf Zastrau, CEO of Nanogate AG, "This investment in GfO gives us our own coating expertise in addition to our existing materials expertise. As an integrated system provider we will now be able to support our customers throughout the process, from purchasing raw materials to formulating the material systems right through to enhancing the finished surfaces. This reduces the time to market and enables Nanogate to grow faster at the same time."

Disclaimer:

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.

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About Nanogate
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, majority shareholdings in Holmenkol AG and in GfO Gesellschaft fuer Oberflaechentechnik mbH and a shareholding in sarastro GmbH.

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