Home > Press > Nanostart-held ItN Nanovation: Water treatment technology among winners of '365 Landmarks in the Land of Ideas'
* Highly compact next-generation water treatment technology based on proprietary nanoceramic filters
* Program to foster innovation under patronage of the Federal President of Germany
* "Entirely new outlook for providing clean water to all mankind"
Nanostart-held ItN Nanovation: Water treatment technology among winners of '365 Landmarks in the Land of Ideas'
Frankfurt / Saarbrücken | Posted on December 10th, 2010
The highly compact next-generation water treatment technology, developed by Nanostart (OTCQX: NASRY)-held ItN Nanovation AG, called Nanovation, has been selected as one of the winning innovations of "365 Landmarks in the Land of Ideas," a competition sponsored by the German federal government. The technology is based on the company's proprietary nanoceramic flat filter membrane system.
The award presentation noted that "Nanovation is revolutionizing water treatment and is a superb example of inventiveness, creativity and the richness of ideas within Germany. With this pioneering idea of using nanoparticles for filtration, an entirely new outlook has been opened for providing clean water to all mankind."
"We are extremely proud to be one of the selected ‘Landmarks' in the Land of Ideas competition," said Lutz Bungeroth, CEO of ItN Nanovation. "We are pleased that our mobile, containerized water treatment modules were selected from a large number of innovations from throughout Germany. We have put a lot of effort into implementing the results of intensive research and German engineering into a next-generation product solution which opens new opportunities for utilizing our limited water resources in a clean and highly efficient way."
The innovation from ItN Nanovation lies in the unique nanoceramic coating used in its filter membranes. Compared to conventional filtration solutions, the new technology from ItN Nanovation offers significantly superior performance and durability. The highly compact water treatment modules in standard container format are portable and can be used wherever needed. Installation requires no major building work and minimal lead time. Particularly in the arid regions of the world, ItN Nanovation sees tremendous growth potential for this next-generation water treatment technology.
Nanovation is one of 365 winners, or "Landmarks", selected in this year's "Germany: Land of Ideas" competition, an annual program to foster innovation under patronage of the Federal President of Germany. Some 2,200 entries were received from throughout Germany for this year's competition.
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.
Nanostart AG (OTCQX: NASRY), headquartered in the German financial capital of Frankfurt, is the world’s leading nanotechnology investment company, with portfolio companies spanning the globe from Silicon Valley to Singapore. The company provides venture capital financing for nanotechnology companies in various growth phases with a focus on innovation-driven industries of the future such as cleantech, life sciences and IT/electronics. Through its subsidiary and venture capital fund in Singapore, Nanostart is proud to be the investment partner of the Singaporean government. For further information about the company, please visit www.nanostart.de.
About ItN Nanovation
ItN Nanovation AG, founded in 2000, is one of the leading nanotechnology companies in the world, developing innovative ceramic products, such as filtration systems and coatings, for large industrial customers. The nanoscale powder needed for those products is manufactured by the company itself. The filtration products from ItN Nanovation can be used for drinking water purification, waste water treatment, as beverage filters and for the separation of oil and water. Ceramic coatings based on nanotechnology are used in a variety of ways as protective and catalytic coatings in various industries: from baking ovens to aluminum foundries to coal-fired power plants. The company’s success is founded on an extensive product portfolio, combined with comprehensive development and application know-how. For further information about the company, please visit www.itn-nanovation.de.
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Dr. Hans Joachim Dürr
phone: +49 (0)69-21 93 96 111
fax: +49 (0)69-21 93 96 122
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