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Home > Press > Nanogate secures automotive contract worth millions – production for Jaguar and Land Rover reaches monthly series capacity: Three-year contract – One of the largest orders in the company’s history – Project confirms growth trend
Nanogate AG (ISIN DE000A0JKHC9), the leading international integrated systems provider for nanosurfaces, has reached its planned monthly series capacity with a multimillion order for the car makers Jaguar and Land Rover. The three- year contract is worth a mid-seven-digit euro sum and is one of the largest orders in the company's history.
The agreement involves supplying enhanced headlight lenses to a leading automotive supplier for use by the premium manufacturers Jaguar and Land Rover. Nanogate-Technologie provides the lenses with an innovative, sustainable de-mist coating. The contract will run for three years and offers attractive margins. In euros, its total volume will run into the mid-seven digits. Production has now reached the monthly target at Nanogate's equity holding GfO.
Ralf Zastrau, CEO of Nanogate AG, comments: "This project is one of the largest orders in Nanogate's history. The contract confirms that we have adopted a good strategy by focusing on attractive high-volume applications with high- performance surfaces. Innovative and advanced surfaces offer car makers an important competitive edge. Nanogate will considerably expand its position in the high-margin, growing market for high-performance surfaces and aims to outperform the market. The contract supports our target for 2011: Nanogate intends to grow sales to well over EUR 30 million and raise its EBITDA margin to at least 10 %."
About Nanogate AG
Nanogate is the leading international integrated systems provider for nanosurfaces, concentrating primarily on enhancing high-performance 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 gains a competitive edge for its customers by means of 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. As a systems provider, Nanogate covers the entire value chain, from the purchase of raw materials, to the synthesis and formulation of the material systems, right through to the enhancement and production of the finished surfaces. Nanogate focuses primarily on plastic and metal coatings for all surface types (two and three-dimensional components).
The Nanogate Group currently has approximately 250 employees in all and since commencing operations in 1999 has been a trailblazer in nanotechnology. The company has first-class customer references (e.g. Audi, BMW, Bosch-Siemens Haushaltsgeräte, Junkers, Kärcher, Hörmann Group, Opel and REWE International AG) and many years’ experience of different industries and applications. Several hundred projects have already 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, Eurogard B.V., FNP GmbH for products in the sport/leisure sector, majority stakes in Holmenkol AG and GfO Gesellschaft für Oberflächentechnik AG, and an equity holding in sarastro GmbH.
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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