EANS-News: ItN Nanovation AG
ItN Nanovation signs cooperation agreement with
leading Italian builder of wastewater treatment facilities (Translation
German
ad hoc - August 02, 2010)
Saarbrücken (euro adhoc) -
Exclusive use of CFM Systems® technology from ItN Significant inroad into key markets of Italy, UK, France and Spain
Initial sales expected already in 2011 Further cooperation arrangements to follow
Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement.
Joint Ventures/Cooperation/Collaboration
Subtitle: Exclusive use of CFM Systems® technology from ItN Significant inroad into key markets of Italy, UK, France and Spain Initial sales expected already in 2011 Further cooperation arrangements to follow
Saarbruecken - August 3, 2010 - ItN Nanovation AG (ISIN DE000A0JL461) yesterday announced the signing of a major cooperation agreement with one of Italy´s leading builders of wastewater treatment facilities. Under the newly signed agreement, Ecologia Soluzione Ambiente S.p.a. has committed itself to exclusively use the CFM Systems® ceramic flat filter membrane technology from ItN Nanovation in the construction of its future wastewater treatment facilities.
With this new partnership, ItN Nanovation has made a significant inroad not only in the Italian market for wastewater treatment, which is the third largest in Europe, but also in the similarly important markets of France, Spain and the UK. The deal thus opens significant additional revenue potential to ItN. In addition to use within conventional wastewater solutions, the two partners also see the potential for use in new applications for water treatment.
Ecologia Soluzione Ambiente, founded in 1966, is a plant manufacturer, focused on cleantech solutions. In its water division, the innovative company is specialized in wastewater and rainwater treatment. The company has local offices to support its business activities in the UK, France and Spain.
"That a technology leader in wastewater treatment facilities like Ecologia Soluzione Ambiente has decided to exclusively use our ceramic flat filter membranes is yet another demonstration of the superb performance that CFM Systems® can uniquely provide," said Lutz Bungeroth, CEO of ItN Nanovation. "We are currently negotiating further cooperation arrangements along these lines in other highly promising markets. There´s a lot of interest in what our technology can do."
Media contact:
ItN Nanovation AG Untertürkheimer Straße 25 66117 Saarbrücken Tel.: +49 (0) 681/50 01-460 Fax: +49 (0) 681/50 01-499 E-Mail: ir@itn-nanovation.com www.itn-nanovation.com
edicto GmbH Herr Axel Mühlhaus Zeißelstr. 19 60318 Frankfurt am Main Tel.: 069-90 55 05-52 Fax.: 069-90 55 05-77 Email: amuehlhaus@edicto.de
end of announcement euro adhoc
Further inquiry note:
Nicole Poulain
Telefon: +49(0)681 5001-480
E-Mail: nicole.poulain@itn-nanovation.com
Branche: Technology
ISIN: DE000A0JL461
WKN: A0JL46
Index: CDAX, General All Share
Börsen: Berlin / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade
Frankfurt / regulated dealing/general standard