Home > Press > Nanostart-held ItN Nanovation Receives Major Follow-on Order in Saudi Arabia
Abstract:
* Superior performance of CFM Systems(R) nanoceramic-based water filtration technology
* Company sees strong prospects for additional orders
ItN Nanovation AG (ISIN DE000A0JL461), a portfolio company of Nanostart AG (otcqx:NASRY), has been awarded a major follow-on contract in Saudi Arabia for its CFM Systems(R) nanoceramic flat filter membrane system. The same customer who placed an initial order for this breakthrough water filtration technology in May of this year has now signed a follow-up contract approximately twice the size of the first order. It is expected that the new order, which totals almost USD 1.1 million (approx. EUR 0.8 million), will be reflected in the company's financial results for the first quarter of 2011. Furthermore, following the demonstrated success of the first project, ItN Nanovation was able to reach agreement on higher pricing.
The follow-on order is strong testimony to the superior technical performance and operating economics of CFM Systems(R). Even with this major second order, less than half of the water treatment plant will be outfitted with CFM Systems(R) flat filter membranes, and thus the company sees excellent prospects for additional major orders from the customer in the coming quarters, which are already under discussion. Within this arid region are a number of similar water treatment plants which would likewise be highly suitable for CFM Systems(R).
Disclaimer:
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.
####
For more information, please click here
Contacts:
Public Relations
Dr. Hans Joachim Durr
phone: +49 (0)69-21 93 96 111
fax: +49 (0)69-21 93 96 122
Copyright © Nanostart 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.
Related News Press |
News and information
New method in the fight against forever chemicals September 13th, 2024
Energy transmission in quantum field theory requires information September 13th, 2024
Breakthrough in proton barrier films using pore-free graphene oxide: Kumamoto University researchers achieve new milestone in advanced coating technologies September 13th, 2024
Quantum researchers cause controlled ‘wobble’ in the nucleus of a single atom September 13th, 2024
Profiles
Russia’s Nano-enabled Products Market to Witness Massive Growth February 8th, 2011
Adept Technology Announces Orders for Over $600K from Chinese Partner January 18th, 2011
Homegrown Companies Developing Batteries for Clean Energy Storage November 2nd, 2010
If You're Into Science, NIST Shouldn't be Missed November 1st, 2010
Announcements
New discovery aims to improve the design of microelectronic devices September 13th, 2024
New method in the fight against forever chemicals September 13th, 2024
Water
Taking salt out of the water equation October 7th, 2022
New-Contracts/Sales/Customers
Bruker Light-Sheet Microscopes at Major Comprehensive Cancer Center: New Advanced Imaging Center Powered by Two MuVi and LCS SPIM Microscopes March 25th, 2021
Arrowhead Pharmaceuticals Announces Closing of Agreement with Takeda November 27th, 2020
Veeco Announces Aledia Order of 300mm MOCVD Equipment for microLED Displays: Propel™ Platform First 300mm System with EFEM Designed for Advanced Display Applications October 20th, 2020
GREENWAVES TECHNOLOGIES Announces Next Generation GAP9 Hearables Platform Using GLOBALFOUNDRIES 22FDX Solution October 16th, 2020
The latest news from around the world, FREE | ||
Premium Products | ||
Only the news you want to read!
Learn More |
||
Full-service, expert consulting
Learn More |
||