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Nanostart (OTCQX: NASRY)-holding ItN Nanovation AG, (ISIN DE000A0JL461) announces that RUSAL's IRKAZ, an aluminium smelter based in Irkutsk, and specialists from RUSAL's Engineering and Technology Center, have successfully tested Nanocomp Metcast, nanocoatings developed by ItN Nanovation AG (Germany).
Nanocomp Metcast are innovative nanocoatings tailored to casting machinery. They extend the service life of molds and lengthen the intervals for maintenance of casting conveyors. As a result, the casting process becomes more efficient at a lower cost.
Presently specialists from ItN Nanovation AG and RUSAL are studying large-scale introduction of Nanocomp Metcast at RUSAL's aluminium smelters. RUSAL would become the first Russian company to use innovative coatings from ItN Nanovation AG, joining a noteworthy list of global metallurgy companies like Nordural (Iceland), Qatalum (Qatar), Hydro (Norway), Talum (Slovenia), EMAL (United Arab Emirates), Konzelmann Metallschmelzwerke (Germany), and AMAG Casting (Austria).
UC RUSAL is the world's largest producer of aluminium, accounting in 2010 for approximately 10% of global production of aluminium and 10% of alumina. RUSAL employs 72,000 people in 19 countries, across 5 continents. RUSAL's ordinary shares are listed on The Stock Exchange of Hong Kong Limited (Stock code: 486). Global depositary shares representing UC RUSAL's ordinary shares are listed at the NYSE Euronext Paris (RUSAL / RUAL). Russian depositary receipts representing RUSAL's ordinary shares are listed on MICEX (RUALR) and RTS (RUAL) stock exchanges in Moscow.
About Nanostart AG
Nanostart AG (OTCQX: NASRY) headquartered in the German financial capital of Frankfurt, is a 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 Nanostart Asia and the venture capital fund in Singapore, Nanostart is proud to be the investment partner of the Singaporean government.
About ItN Nanovation:
ItN Nanovation AG (ISIN DE000A0JL461) is one of Germany’s leading nanotechnology companies. It develops innovative ceramic products such as filter systems and coatings for major industrial customers. The company manufactures the necessary nanoscale powder in-house. ItN Nanovation’s filter products can be used for drinking water treatment and wastewater purification, as filters in the drinks industry and to separate oil and water. Nanotechnology-based ceramic coatings are used as protective and catalytic layers in a wide range of applications in various industries, from ovens through aluminum foundries to coal-fired power stations. ItN Nanovation was founded in 2000. The company’s success is based on an extensive patent portfolio combined with in-depth development and application expertise. For more information on the company, please visit www.itn-nanovation.de.
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 Canada, Australia or Japan.
For more information, please click here
Dr. Hans Joachim Duerr
Head of Corporate Communications
D-60313 Frankfurt, Germany
phone: +49 (0)69-21 93 96 111
fax: +49 (0)69-21 93 96 150
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