- About Us
- Career Center
- Nano-Social Network
- Nano Consulting
- My Account
* Superior performance of CFM Systems(R) nanoceramic-based water filtration technology
* Company sees strong prospects for additional orders
ItN Nanovation AG (ISIN DE000A0JL461), a portfolio company of Nanostart AG (otcqx:NASRY), has been awarded a major follow-on contract in Saudi Arabia for its CFM Systems(R) nanoceramic flat filter membrane system. The same customer who placed an initial order for this breakthrough water filtration technology in May of this year has now signed a follow-up contract approximately twice the size of the first order. It is expected that the new order, which totals almost USD 1.1 million (approx. EUR 0.8 million), will be reflected in the company's financial results for the first quarter of 2011. Furthermore, following the demonstrated success of the first project, ItN Nanovation was able to reach agreement on higher pricing.
The follow-on order is strong testimony to the superior technical performance and operating economics of CFM Systems(R). Even with this major second order, less than half of the water treatment plant will be outfitted with CFM Systems(R) flat filter membranes, and thus the company sees excellent prospects for additional major orders from the customer in the coming quarters, which are already under discussion. Within this arid region are a number of similar water treatment plants which would likewise be highly suitable for CFM Systems(R).
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 Canada, Australia or Japan.
For more information, please click here
Dr. Hans Joachim Durr
phone: +49 (0)69-21 93 96 111
fax: +49 (0)69-21 93 96 122
Copyright © Nanostart AGIf you have a comment, please Contact us.
Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.
|Related News Press|
News and information
Simple attraction: Researchers control protein release from nanoparticles without encapsulation: U of T Engineering discovery stands to improve reliability and fabrication process for treatments to conditions such as spinal cord damage and stroke May 28th, 2016
Russia’s Nano-enabled Products Market to Witness Massive Growth February 8th, 2011
Adept Technology Announces Orders for Over $600K from Chinese Partner January 18th, 2011
Homegrown Companies Developing Batteries for Clean Energy Storage November 2nd, 2010
If You're Into Science, NIST Shouldn't be Missed November 1st, 2010
Mille-feuille-filter removes viruses from water May 19th, 2016
First single-enzyme method to produce quantum dots revealed: Biological manufacturing process, pioneered by three Lehigh University engineers, produces equivalent quantum dots to those made chemically--but in a much greener, cheaper way May 9th, 2016
Deep Space Industries and SFL selected to provide satellites for HawkEye 360’s Pathfinder mission: The privately-funded space-based global wireless signal monitoring system will be developed by Deep Space Industries and UTIAS Space Flight Laboratory May 26th, 2016