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30.05.2007 – 15:46

ItN Nanovation AG

ItN Nanovation achieves important operational targets in 1st quarter of 2007

• Nanocomp Powerplant lands important orders • Large-scale tests for Nanocomp Metcast in the final phase • Overall performance up 22 percent • Expectations for year as a whole may be fulfilled • CFM-Systems open up additional potential

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Saarbrücken (euro adhoc) - May 30, 2007. ItN Nanovation AG (ISIN DE000A0JL461) reached important operational targets in the first quarter of 2007, thus creating the basis for future growth.  In the Nanocomp Powerplant (PP) area, the successful conclusion of tests in 2006 led to the generation of major orders from power plants in the first quarter of 2007. The total annual revenues for this area may therefore reach at least the upper end of market expectations. At the end of the first quarter of 2007, the long-running large-scale tests on major industrial customers in the Nanocomp Metcast (MC) area reached the final phase, and should likewise give rise to orders in a very short time.

Compared to the first quarter of the previous year, total performance was up 22.3 percent, rising from EUR 1,273,000 to EUR 1,557,000. At EUR 1,158,000 the revenues generated were slightly below the previous year´s figure of EUR 1,248,000. Here it must be considered that important reference assets, orders and regulatory issues are not yet reflected in the revenues - this will change over the course of the year. In the first quarter of 2007, earnings before taxes amounted to EUR -1,365,000 compared to EUR -1,237,000 in the previous year.

In view of developments in the first quarter of 2007, ItN Nanovation assumes that the company´s market expectations for the entire year will be fulfilled.

Additional potential for success will be created by the ceramic flat membrane filtration technology product group (CFM-Systems). Here the Deutsches Institut für Bautechnik (DIBt; German Institute of Construction Technology) recently issued a construction license (cf. announcement of May 29, 2007), facilitating the commencement of marketing activities. ItN Nanovation is thus opening up an additional business area with a market potential of billions.

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ots Originaltext: ItN Nanovation AG
Im Internet recherchierbar:

Further inquiry note:
Andreas Kuntz
Investor & Public Relations Manager
Tel.: +49 (0)681 5001 467

Jochen Hoeg
Investor & Public Relations Manager
Tel.: +49 (0)681 5001 566

Branche: Technology
ISIN:      DE000A0JL461
WKN:        A0JL46
Index:    CDAX, Prime All Share, Technologie All Share
Börsen:  Frankfurter Wertpapierbörse / regulated dealing/prime
              Börse Berlin-Bremen / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Bayerische Börse / free trade

Original content of: ItN Nanovation AG, transmitted by news aktuell

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