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Posted: January 15, 2008

Nanostart Invests in Silicon Valley Company NanoGram

(Nanowerk News) Nanostart AG, the world's leading nanotechnology investment company, has taken an investment position in NanoGram Corporation, based in Milpitas in the heart of Silicon Valley, California.
NanoGram is one of the most significant nanotechnology companies globally. Two successful spin-offs using its basic technology have already been sold with dollar proceeds in the high eight digits. An important area of application for the technology is in the solar energy industry. 58 of the company's 69 employees are presently engaged in research, development, and engineering in the field of cleantech, including solar energy. The company has developed an entirely new technology for the production of solar cells, offering superb characteristics to meet market demands in terms of high energy efficiency combined with extremely low production costs. Other applications of the technology are found in electronics industry, e.g. in components for flat screens, solid state lighting, and batteries. NanoGram is already in active cooperation with numerous major industrial partners in the U.S. and Asia. The company is planning for substantial growth in revenues, with an IPO under consideration for late 2009 / 2010.
Marco Beckmann, CEO of Nanostart AG, sees tremendous potential in NanoGram's technology. 'With this investment in NanoGram, we are expanding our portfolio to include a company with superb expertise in key growth markets, particularly in the areas of cleantech and solar energy. Nanostart is a European venture capital company to be investing on an equal footing with leading Silicon Valley investors.' In addition to Nanostart and Silicon Valley venture capital investors, specialized cleantech funds and Japanese corporations are participating in this round of financing.
Dr. Kieran F. Drain, President and CEO of NanoGram Corporation, adds: 'We are delighted that we have been able to gain Nanostart AG as an active investor. Its network of contacts will be of great value to us, particularly in Germany and throughout Europe. It should prove extremely helpful for us, for example in commercializing our technology for the solar energy industry.'
About Nanostart
Nanostart AG is the world's leading nanotechnology investment company. The Frankfurt-based company provides venture capital financing for nanotechnology companies in various growth phases. It also provides the benefits of its experience and expertise to developers of financial instruments and to investors in the nanotechnology sector. For further information about the company, please visit www.nanostart.de.
About Nanogram
NanoGram Corporation develops and licenses core process technology that enables the manufacture of unique nanoscale compositions for optical, electronic and energy products. NanoGram has developed an extensive intellectual property portfolio that is expanding the boundaries of nanomaterials technologies and enabling the development and manufacture of new generations of materials, devices, components and applications across a broad range of industries. For further information about the company, please visit www.nanogram.com.
Disclaimer
This notice constitutes neither an offer to sell nor a solicitation of offers to purchase or subscribe to securities. There will be no public offering of securities of Nanostart AG in conjunction with the existing listing of its shares in the 'Entry Standard' segment of the regulated unofficial market (Freiverkehr) on the Frankfurt Stock Exchange. This notice does not constitute a securities prospectus. Neither this notice nor the information contained within is intended for direct or indirect distribution within the United States of America, Canada, Australia or Japan.
Source: Nanostart AG