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ItN Nanovation AG

euro adhoc: ItN Nanovation AG
Joint Ventures/Cooperation/Collaboration
ItN Nanovation Signs Cooperation Agreement with BASF AG

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
New Products
08.11.2007
ItN Nanovation Signs Cooperation Agreement with BASF AG
• Cooperation planned to start with BASF using Nanocomp AF • Partners
strive to adapt the product for further industry sector • If this 
succeeds, the adapted product may be distributed worldwide by BASF • 
First cooperation turnover possible in 2008
Saarbrücken. ItN Nanovation AG (ISIN DE000A0JL461) and BASF AG have 
signed a cooperation agreement according to which BASF plans to 
employ ItN Nanovation´s anti-fouling product Nanocomp AF. BASF will 
use this high-performance coating based on nanotechnology in their 
facilities´ cooling circuit systems to prevent "crystallization 
fouling" caused by the formation of deposits on pipe surfaces. The 
cooperation agreement, which was preceded by a roughly two-year 
testing period at BASF, was set for a duration of five years. It 
provides that ItN produce Nanocomp AF and supply it to BASF. The 
first turnover from this agreement is possible in 2008.
Furthermore, the agreement provides that BASF and ItN jointly 
continue developing the Nanocomp product line to adapt it for an 
additional industry sector. If this product adaptation proves to be 
successful, BASF may take over worldwide distribution of the adapted 
product.
Background explanation:
Dr. Tillmann Lauk, CEO, ItN Nanovation AG: "This agreement with BASF 
is an important milestone for our company - not only economically, 
but also because the fact that such a renowned international player 
in the chemical industry accepts our product is a sound proof of 
confidence for our product range. Nanocomp AF (which we developed 
under the working title Nanocomp AQ) has thus demonstrated its market
potential immediately after it was introduced. This success also 
confirms our strategy of consistently developing new product lines 
based on our nanotech platform technology."
end of announcement                               euro adhoc 08.11.2007 14:28:10

Further inquiry note:

Andreas Kuntz
Investor & Public Relations Manager
Tel.: +49 (0)681 5001 467
E-Mail: andreas.kuntz@itn-nanovation.com

Branche: Technology
ISIN: DE000A0JL461
WKN: A0JL46
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

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