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Abonner ItN Nanovation AG

ItN Nanovation AG

ItN Nanovation with ongoing success after first nine months of 2007

Saarbruecken (Germany) (euro adhoc) -

•	Cooperation agreement with BASF a strategic milestone
•	CFM Systems successfully enters market
•	Nanocomp PP product line exceeds expectations
•	Revenues in Q3 climb to EUR 1.5 million
•	Net loss for the period substantially lower in the quarter
  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
companies
ItN Nanovation AG (ISIN
DE000A0JL461) reached a significant milestone in the first nine 
months of 2007, preparing the ground for further boosting its market 
success.
In CFM Systems and Nanocomp AF, ItN Nanovation developed two more 
product lines to market maturity this year and successfully launched 
them within a very short period of time. The general agreement for 
Nanocomp AF that was concluded with BASF AG after the end of the 
quarter constitutes a significant milestone. The high-performance 
nanotechnology-based coating is to be used in the cooling circuit 
systems at BASF's plants to stop "crystallisation fouling", i.e. when
dissolved substances are deposited on pipe surfaces. There are also 
plans to jointly develop the product line for another industry 
sector. International marketing of the CFM Systems product line is 
also encountering much success. The first few orders have already 
been received.
The Company´s own revenue expectations for the Nanocomp PP product 
line were substantially exceeded after only three quarters. Revenues 
for the line amounted to around EUR 0.6 million. ItN expects that 
another cooperation agreement for this line at the turn of the year 
is likely to provide substantial stimuli for further market 
development with a more visible impact on revenues. For Nanocat 
-ItN´s virtually self-cleaning household oven coatings - a new 
composition was developed with production costs that are almost 30% 
lower. It is already in use at a production facility of the customer 
BSH Bosch Siemens Hausgeräte. ItN instigated the withdrawal of 
exclusivity from BSH, which was linked to price reductions, in order 
to determine further sales opportunities.
Revenues in the third quarter climbed by around 8% year-on-year to 
EUR 1.5 million. This compensated for part of the losses in revenues 
suffered during the first six months of the year. Nevertheless, 
revenues were still down 12% on the previous year over the nine-month
period at a total of EUR 3.8 million. The net loss before interest 
and taxes was significantly reduced in the third quarter to EUR -1.4 
million (Q3 2006: EUR -1.7 million). In the nine-month period, EBIT 
totalled EUR -4.6 million compared with EUR -3.2 million in the same 
period of the previous year.
ItN Nanovation will continue its successful strategy in the launch of
existing products and also develop promising product lines in the 
coming quarters. The Management Board is equally confident that ItN 
will be able to leverage its existing market potential, as planned.
The full nine-month report is available to download at 
www.itn-nanovation.com.
end of announcement                               euro adhoc 30.11.2007 08:30:00

Further inquiry note:

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

Jochen Hög
Investor & Public Relations Manager
Tel.: +49 (0)681 5001 566
E-Mail: jochen.hoeg@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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