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The US marketing partner of the Nanostart-holding ItN Nanovation AG (XETRA: I7N) for the ItN container solution for wastewater purification, Energy Independence Partners (EIP), has received financial support from the US federal state of Iowa.
In their funding pledge, the governmental agencies in Iowa particularly emphasized the modular structure of the ItN container and its suitability for use in smaller or decentralized wastewater systems. The money has been provided in the form of a loan of USD 0.5 million (around € 0.4 million) from the Iowa Innovation Acceleration Fund, and is specifically designated for the launch of the ItN container in the USA. EIP is one of five high-growth companies that have now received a funding pledge for economic development in the US state of Iowa.
Terry Branstad, governor of Iowa, explained: ‘We are proud to be able to support some of our innovative high-tech companies, positioning them for growth in our state for years to come.'
Dr. Christoph Weiss, CEO of ItN Nanovation, said: ‘The support for our partner in the launch of the ItN containers from the state of Iowa is very positive in several respects. Firstly, the funds will support and accelerate the marketing process. Secondly, this is a sign of confidence in our technology from the state that is likely to boost our sales and fills us with pride.'
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. As main shareholder of Nanostart Asia Pacific Ptd Ltd, Nanostart invests as partner of the Singaporean government.
About ItN Nanovation:
ItN Nanovation AG (FSE: I7N) 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.
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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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