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Nanogate AG: Initial trading at €32.30


Saarbrücken, 18 October 2006. Nanogate AG (ISIN DE000A0JKHC9) today made a successful start to trading: the first share price was at €32.30 above the issue price of €32.00. The nanotechnology company is listed on the Entry Standard of the Frankfurt Stock Exchange.

Ralf Zastrau, CEO of Nanogate AG: “With the proceeds from the IPO we can now implement our growth strategy as planned. We intend to expand our leading position as an enabler, as nanotechnology is currently seeing global competition for markets and technologies.” The Saarbrücken-based company therefore intends to reinforce its international presence, through further joint ventures or equity investments. The aim is also to expand and develop new business areas, for example in the tribology sector for minimising friction or wear and tear and in technology platforms. In addition, development and production capacities are to be expanded.

As an enabler, Nanogate bridges the gap between producers of raw materials and of industrial conversion into products on the basis of platform strategies, and is therefore active in one of the most attractive segments of the nanotechnology market. The company has been operational since 1999 and cooperates with international sales-driven groups such as DowCorning and ESK Ceramics to develop new technologies and products and to gain rapid market coverage. Customers include such well-known companies as ABB, Giesecke & Devrient, BSH, Kärcher and Koenig & Bauer. In the first half of 2006 Nanogate Group sales increased by 61% to around €3.7 million with an EBIT of some €0.7 million (EBIT margin: 19.1%). In view of the dynamic market growth and the current share offering, the company is not announcing its forecasts for future business development.
The total volume of the share issue was around €19.3 million (incl. over-allotment). 603,000 shares were sold, of which 400,000 shares represented a capital increase. The free float is about 28% (before the over-allotment option). The IPO was managed by Landesbank Baden-Württemberg as lead manager and sole bookrunner and the Frankfurt investment bank equinet Securities AG as co-lead manager.


Background:
Nanogate is a leading international enabler in the nanotechnology growth market and so opens the gate to nanotechnology for its customers. The Saarbrücken-based firm enables the programming and integration of additional properties such as non-stick, anti-bacterial, anti-corrosive, ultra-low friction. Nanogate thereby gains a competitive edge for its customers by product refinement using chemical nanotechnology. Nanogate covers a wide range of industries, functions and substrates already on the basis of technology platforms. The company thus provides a decisive interface for the commercialisation of chemical nanotechnology, bridges the gap between raw materials and their industrial conversion into products and concentrates as an enabler on one of the most attractive segments in the industry.

As a partner in innovation, Nanogate provides many services along the value chain – from development and production of innovative nanocomposites and nanostructured materials to powerful support for innovation and product integration. The Nanogate Group currently has 45 employees in all and since commencing operations in 1999 has been a pioneer in nanotechnology. The company has first-class customer references, such as ABB, BSH, Giesecke & Devrient, Kärcher and Koenig & Bauer, and many years’ experience of different industries and applications. It has also entered into strategic cooperation with US companies Dow Corning and ESK Ceramics. Nanogate is a high-growth company and has been profitable since financial year 2004. For the first half of 2006, the Nanogate Group reported about €3.7 million in sales and about €0.7 million in earnings before interest and taxes (EBIT margin: 19.1%). The Group’s consolidation entity includes Nanogate Advanced Materials GmbH, which specialises in safety engineering<


Publisher Contact Information:

Nanogate
+49 (0)681 980 520
nanogate@mpwfinance.com

Company profile of Nanogate
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