ItN Nanovation AG

ItN Nanovation signs cooperation agreement with SJE Rhombus

• Exclusive marketing of CFM systems in North America • Combination of SJE control technology and ItN flat filter membranes • ItN Nanovation expected to see almost EUR 1m in additional sales in 2009 • Demand driven by increasing water shortage in North America

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Saarbrücken (euro adhoc) - ItN Nanovation AG (ISIN DE000A0JL461) has signed a cooperation agreement with SJE Rhombus, a market leader for control solutions in the water and waste water sector in the USA. The deal will see SJE Rhombus take over exclusive marketing of ItN Nanovation´s ceramic flat filter membrane (CFM) systems in the USA, Canada and Mexico. The flat filter membrane systems will be combined with the proven control solutions of SJE Rhombus that are already long established on the market. The contract between ItN Nanovation and its American partner lays down minimum order quantities that will bring ItN Nanovation sales of just under EUR 1m in the coming year alone. Growth rates of some 40 per cent per annum are expected for the next 5 years. Demand for water treatment solutions such as those offered by CFM systems for use in central and decentralized small-scale water purification plants is expected to rise further on the back of the increasing shortage of water in many parts of North America.

The cooperation marks a further milestone in ItN Nanovation´s strategy of driving the market introduction and penetration of its own products with strong, market-leading partners to deliver economic success.

Dr. Tillmann Lauk, CEO of ItN Nanovation AG, says: "The cooperation agreement is evidence that SJE Rhombus believes in the technological superiority of our CFM systems and in the associated marketing potential. It´s no coincidence that our partner has already declared a willingness to assume the costs of the Title 22 certification required in the USA. SJE Rhombus is thus making a six-figure investment in the commencement of our collaboration."

end of announcement                               euro adhoc

Further inquiry note:

Jochen Hoeg

Investor & Public Relations Manager

Telefon: +49(0)681 5001-566

Branche: Technology
ISIN: DE000A0JL461
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade

Original-Content von: ItN Nanovation AG, übermittelt durch news aktuell

Weitere Meldungen: ItN Nanovation AG

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