Corporate | 20 February 2008 11:58
Nanostart AG / Miscellaneous Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Frenchs Forrest, Australia /Heimerdingen and Frankfurt, Germany – February 20, 2008 – Sports technology provider Holmenkol announced that it has entered into an agreement for distribution and collaborative product development with the Australian company Nanovations Pty Ltd. The objective of the partnership is the development and promotion of highly innovative coating solutions for new markets. Holmenkol will receive the exclusive worldwide rights to distribute all sports-related products and developments. Harry Stulajter, CEO of Nanovations Pty Ltd, expressed his excitement about the new partnership. 'We feel that both the technical and business synergies between our two companies will allow us to develop new products and markets together in an entrepreneurial and agile fashion. Holmenkol is a world-renowned company with enormous future potential in the sector of innovative sport coatings, and it brings the extensive expertise of a company which is growing globally.' The environmentally friendly and effective solutions from Nanovation have been used particularly in building and construction related applications. In cooperation with Holmenkol scientists, selected products has now been modified and optimized for use in the sports, marine and leisure markets. 'Nanovations is one of the top names for ecologically sound products based on the latest cutting-edge technologies. This long-term partnership will further strengthen our product portfolio,' said Christian Roemlein, Managing Director of Holmenkol. The first highlight of the cooperation is a new marine teak protection product, Wood Protector, which offers superb performance along with optimum protection against an exceptionally wide spectrum of UV radiation, as well as excellent moisture-regulating and water repellent properties. Being water based, Wood Protector is free of solvents and volatile organic compounds (VOC) and therefore does not require any hazardous warning label. Further innovative product solutions will follow. The first of these new products to be offered through Holmenkol worldwide distribution partners will target the aquatic sports, racing and yachting markets. The range of these revolutionary care and performance products will include sail coatings, fitting lubricants, anti-friction treatments, high-tech gel coat and hull treatments, wood protection products, and cleaners. Holmenkol is the leading one-stop shop for complete high-end yacht care and maintenance. The performance-enhancing marine coatings are already in use by America’s Cup teams. About Holmenkol: Holmenkol, the oldest manufacturer of ski wax with a legacy going back 86 years, is a sports technology leader which supplies virtually all national teams worldwide. Countless athletes, Olympic medalists, world champions and sports enthusiasts rely on the company’s technologies and products. Since Nanogate’s equity investment, Holmenkol has been pursuing an international growth strategy beyond the winter sports sector, providing product applications for numerous other sports, particularly aquatic sports, outdoor activities, cycling and golf. The company’s target market includes professionals and performance athletes as well as leisure sports enthusiasts. For further information about the company, please visit www.holmenkol.com. About Nanovations: Nanovations Pty Ltd. is an Australian company specialized in advanced product solutions for the building and construction industry and for other related markets. Nanovations develops and supplies products that represent the latest scientific discoveries in coating technology, with new unseen properties, better durability and the best environmental performance available. Nanovations is working with companies, industry leaders and strategic partners that are key players in their market segment. Nanovations helps to promote and supply cutting–edge technologies and durable and value adding technologies to their customers. For further information about the company, please visit www.nanovations.com.au. 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 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. Media contact: Nanostart AG Public Relations Dr. Hans Joachim Dürr Goethestrasse 26-28 D-60313 Frankfurt Germany phone: +49 (0)69-21 93 96 111 fax: +49 (0)69-21 93 96 122 e-mail: presse@nanostart.de 20.02.2008 Financial News transmitted by DGAP ----------------------------------------------------------------------