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Posted: December 2, 2009
Nanogate Continues Successful Expansion Strategy and Develops International Market Opportunities
(Nanowerk News) Nanogate, a leading international nanotechnology enabler, is achieving significant successes with its international growth strategy: within a partnership that has existed since 2005, production and marketing have been initiated for a new heat exchanger model that guarantees improved energy efficiency. In addition, Nanogate is involved in final negotiations on the participation in a nanotechnology company with the aim of opening up further sales channels and taking on complementary technologies. The patent portfolio is also to be expanded.
Ralf Zastrau, CEO of Nanogate AG commented, “Nanogate is continually expanding its market position as a leading European supplier. Our strength in innovation allows us to accompany our customers throughout many years. The new order from a leading European supplier of heating products confirms our strategic orientation. At the same time, we are confident that our growth will be realised soon, as announced. The growing number of patents in key markets contributes to our increasing company value.”
Expansion of the existing application portfolio for heat exchangers
Nanogate has been coating the heat exchangers of a leading European supplier of heating products since 2005. Now the production and marketing for a new model has been initiated. The enhancement provided by Nanogate means that energy efficiency is increased and maintenance of the appliance is reduced considerably. For the coming year Nanogate anticipates potential sales, already confirmed by customers, amounting to a six-figure sum, with significant growth potential for subsequent years.
Negotiations on further investment almost complete
Nanogate intends to accelerate its growth by means of a further investment. The objective is to open up new sales channels and take advantage of complementary technologies. The company is currently in the final round of talks with an established nanotechnology company. This company has an attractive client base that includes well-known names and is experiencing dynamic growth and good profits. The high-performance applications would complement Nanogate’s existing technology portfolio very well. Significant additional sales and earnings potential could be achieved by the joint cooperation.
Further patents expected to be issued
Nanogate already has a comprehensive patent portfolio with over 60 issued patent rights. Furthermore, 60 patent applications are currently being processed – in the first half of 2009 alone, the number of applications was more than double that of the same period last year. After Nanogate fully protected its LED technology with a new European patent, as reported in October, significant patents for the groundbreaking optics technology Dotfarm Optics® are to follow in the next few months for important markets such as the USA. The aim is to secure a competitive advantage and earnings worldwide.