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Posted: August 3, 2010
ItN Nanovation Signs Cooperation Agreement With Leading Italian Builder of Wastewater Treatment Facilities
(Nanowerk News) ItN Nanovation AG, a portfolio company of Nanostart AG, 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 SystemsŪ 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 treatment, 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 SystemsŪ 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."
Nanostart AG, headquartered in the German financial capital of Frankfurt, is the world's leading nanotechnology investment company, with portfolio companies spanning the globe from Silicon Valley to Singapore. The company provides venture capital financing for nanotechnology companies in various growth phases with a focus on innovation-driven industries of the future such as cleantech, life sciences and IT/electronics. Through its subsidiary and venture capital fund in Singapore, Nanostart is proud to be the investment partner of the Singaporean government. For further information about the company, please visit www.nanostart.de.
About ItN Nanovation
ItN Nanovation AG, founded in 2000, is one of the leading nanotechnology companies in the world, developing innovative ceramic products, such as filtration systems and coatings, for large industrial customers. The nanoscale powder needed for those products is manufactured by the company itself. The filtration products from ItN Nanovation can be used for drinking water purification, waste water treatment, as beverage filters and for the separation of oil and water. Ceramic coatings based on nanotechnology are used in a variety of ways as protective and catalytic coatings in various industries: from baking ovens to aluminum foundries to coal-fired power plants. The company's success is founded on an extensive product portfolio, combined with comprehensive development and application know-how. For further information about the company, please visit www.itn-nanovation.de.