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5/9/2011 12:14:04 PM
Nanostart holding ItN Nanovation AG to receive gross proceeds of 11 million Euro from capital increase

Nanostart holding ItN Nanovation AG has successfully completed its capital increase with pre-emptive subscription rights against cash contributions, generating gross income for the company of €11.0 million. A total of 2,170,865 new shares were issued at a price of €5.07, increasing the share capital of the company to currently around €11.0 million, divided into the same number of shares. The new shares are expected to be admitted to stock market trading by the end of November 2011. While a small number of shares were sought after and acquired by other existing shareholders by way of subscription and the fully allocated oversubscription, 2 million shares were acquired by the Russian state-owned company RUSNANO in the capital increase by way of indirect subscription rights. Following the entry of the capital increase in the commercial register, which is expected shortly, RUSNANO will thus have acquired almost 20% of ItN Nanovation AG’s share capital at that time in the capital increase.

RUSNANO has confirmed to the company that it has agreed with other shareholders to increase its stake in the company to between 25% and 29.9% by way of purchase in the coming weeks.

RUSNANO is a Russian joint stock company that was founded in 2011 and emerged from the state company Russian Corporation of Nanotechnologies. According to its own information, the purpose of the company is to actively promote the Russian nanotech industry through co-investments in nanotechnology projects with considerable economic potential or social benefit.

The Management Board of ItN Nanovation AG expressly welcomes RUSNANO’s investment wholeheartedly and anticipates further strategic growth potential as a result of its new shareholder. This is expected to lie in the Filtration product area and particularly in the Coatings product area in addressing the attractive Russian market. The Management Board also sees RUSNANO’s financial commitment as a confirmation of the excellent technology foundation and strong market positioning of ItN Nanovation.

The fresh funds from the capital increase will mainly be used to forge ahead with the growth of international business.


Nanostart AG (OTCQX: NASRY), is the world’s leading nanotechnology investment company. Headquartered in Frankfurt am Main, it invests venture capital in nanotechnology companies in various development phases. Investments are focused on companies in the most innovation-driven segments: cleantech, life sciences and IT/electronics. Through its wholly-owned subsidiary in Singapore, Nanostart invests in nanotechnology companies in Asia in conjunction with the government of Singapore. For more information on the company, please visit

ItN Nanovation:

ItN Nanovation AG (FSE: I7N) is one of the world’s top 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

Other Headlines from ItN Nanovation AG ...
 - Nanostart holding ItN Nanovation AG to receive gross proceeds of 11 million Euro from capital increase
 - Nanostart-held ItN Nanovation achieves key milestone in international expansion
 - ItN Nanovation Signs Cooperation Agreement with BASF AG

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