Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

Home > Press > Nanogate portfolio company GfO expands market position in automotive sector with strong new business

Abstract:
Demand for unique inkjet coating technology is growing strongly - Production start for new AUDI and BMW projects - Annual sales potential of the two orders is each in six-figure range

Nanogate portfolio company GfO expands market position in automotive sector with strong new business

Göttelborn, Germany | Posted on February 24th, 2011

Nanogate AG (ISIN DE000A0JKHC9), a leading international systems provider for nanotechnology, is benefiting from strong demand for the inkjet coating technology of its subsidiary GfO AG, which is unique in Europe. Production is currently underway on new multi-year projects for AUDI and BMW. The two orders each have an annual sales potential in the six-figure euro range.

Ralf Zastrau, CEO of Nanogate AG, "GfO's inkjet technology for coating high-quality and optically sophisticated plastics is unique in Europe. The two new orders in the automotive sector from AUDI and BMW confirm the performance of the technology and its highly efficient production process. We are confident of signing additional contracts with well-known customers for this outstanding technology in the months ahead. GfO and Nanogate are well positioned in the automotive industry in particular."

Inkjet process is a success factor
GfO's inkjet technology makes it possible to coat services selectively to a uniform thickness without the use of a template. For transparent parts GfO has exclusive rights to this innovative coating procedure, which is similar to that of an inkjet printer. The technology has enabled a coating of this kind to go into mass production for the first time. The inkjet process can be applied efficiently and in reliable quality to both transparent and opaque plastic parts such as displays or glossy black design elements. The two new orders are for supplying the shift pattern on the gear stick for BMW and high-quality climate displays for AUDI.

GfO expects significant earnings improvement in 2011
GfO intends to generate sales of at least EUR 15 million with a low double-digit EBIT yield this year. Nanogate acquired a majority stake of 51 % in this established provider of coatings for high-performance surfaces in August 2010. The first joint product was presented as early as the end of October at "K" in Düsseldorf, the leading trade fair for plastics and rubber.

####

About Nanogate AG
Nanogate is a leading international integrated nanotechnology systems provider with a focus on enhancing surfaces. The firm, which is based in Göttelborn (Saarland), enables the programming and integration of additional properties – such as non-stick, antibacterial, anti-corrosive and ultra-low friction – into materials and surfaces. As an enabler, 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. 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. Nanogate has a unique combination of extensive materials expertise paired with comprehensive, first-class process and production know-how from the majority stake in GfO acquired in 2010. As a systems provider and jointly with GfO, Nanogate covers the entire value chain from purchasing raw materials, synthesising and formulating the material systems, right through to enhancing and producing the finished surfaces.

The Nanogate Group currently has approximately 220 employees in all 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, Junkers, Kärcher, Koenig & Bauer AG, Opel and REWE Austria) and many years’ experience of different industries and applications. To date, more than 200 projects have gone into mass production. Nanogate has also entered into strategic cooperations with international companies such as the GEA Group and Dow Corning. Nanogate consists of Nanogate Industrial Solutions GmbH, FNP GmbH for products in the sport/leisure sector, majority stakes in Holmenkol AG and GfO Gesellschaft für Oberflächentechnik mbH as well as a shareholding in sarastro GmbH.

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.

For more information, please click here

Contacts:
Christian Dose (financial press and investors)
Cortent Kommunikation AG
Tel. +49 (0)69 5770 300-0


Liane Stieler-Joachim
Nanogate AG
Tel. +49 (0)6825 9591 220




Nanogate AG
Zum Schacht 3
66287 Göttelborn, Germany

Copyright © Nanogate AG

If 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.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

MEMS chips get metatlenses: Combining metasurface lenses with MEMS technology could add high-speed scanning and enhance focusing capability of optical systems February 21st, 2018

Atomic structure of ultrasound material not what anyone expected February 21st, 2018

Oxford Instruments announces Dr Kate Ross as winner of the 2018 Lee Osheroff Richardson Science Prize for North and South America February 20th, 2018

Computers aid discovery of new, inexpensive material to make LEDs with high color quality February 20th, 2018

Investments/IPO's/Splits

Nanowire LED Innovator Aledia Announces €30 ($36M) Million Series-C Financing: Intel Capital Joins Existing Investors to Commercialize Certain Nanowire-LED Technologies for Mobile Displays January 29th, 2018

Arrowhead Pharmaceuticals Announces Pricing of Underwritten Public Offering of Common Stock January 18th, 2018

Arrowhead Pharmaceuticals Announces Proposed Underwritten Offering of Common Stock January 17th, 2018

Nanometrics to Participate in the 6th Annual NYC Investor Summit 2017 November 16th, 2017

Announcements

MEMS chips get metatlenses: Combining metasurface lenses with MEMS technology could add high-speed scanning and enhance focusing capability of optical systems February 21st, 2018

Atomic structure of ultrasound material not what anyone expected February 21st, 2018

Oxford Instruments announces Dr Kate Ross as winner of the 2018 Lee Osheroff Richardson Science Prize for North and South America February 20th, 2018

Computers aid discovery of new, inexpensive material to make LEDs with high color quality February 20th, 2018

Automotive/Transportation

Leti’s Chief Scientist Presents Optimistic Vision for Neuromorphic Hardware and Ultra-Low-Power Microdevices for Edge Computing at ISSCC: Leti’s Chief Scientist Presents Optimistic Vision for Neuromorphic Hardware and Ultra-Low-Power Microdevices That Are Based on Novel Emerging February 13th, 2018

Ultra-efficient removal of carbon monoxide using gold nanoparticles on a molecular support: New method and mechanism for state-of-the-art gas purification February 9th, 2018

Vanadium dioxyde: A revolutionary material for tomorrow's electronics: Phase-chance switch can now be performed at higher temperatures February 5th, 2018

New research yields super-strong aluminum alloy January 25th, 2018

NanoNews-Digest
The latest news from around the world, FREE



  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project