Nanogate (ISIN DE000A0JKHC9),
a leading international nanotechnology enabler, returned to profit in September
in its monthly figures. The company intends to significantly improve earnings
in the second half of 2009 and is aiming for an almost balanced EBIT. In addition,
Nanogate is considerably expanding its market position in the automotive industry:
As well as the Opel Insignia, a serial production model in the family car segment
will in future also be equipped with Nanogate's innovative seat coating. Furthermore,
from 2010 a leading German premium range manufacturer will be using the innovative
process developed by Nanogate to enhance exhaust gas recirculation valves. Both
of these contracts together should achieve earnings in the middle six-figure
euro range within the next few years.
Ralf Zastrau, CEO of Nanogate AG commented, "Our innovation offensive
and our focus on strategic growth are paying off: we are winning high-margin
orders that prove our innovative strength. We have been profitable again since
September in our monthly figures and based on this we want to achieve almost
balanced earnings for the second half of the year. Our objective continues to
be a return to profit on an annual basis too as soon as possible after 2009."
Return to profit zone achieved in monthly figures
For 2009 as a whole, Nanogate hopes to record sales in excess of EUR 10 million.
As laid out in the half-year report, demand is rising visibly. At the same time,
EBIT and operative cash flow are improving greatly in the second half of the
year compared with the first few months of 2009. The goal is to achieve almost
balanced earnings (EBIT) in the second half. The Group already recorded a profit
in its monthly figures for September and October. This shows that the innovation
offensive underway is already paying off after only a few months. Nanogate is
continuing unabated with its planned growth strategy: Alongside the innovation
offensive, the company also wants to tap international markets. In addition
to this, new applications and technology platforms within the fields of expertise
of energy efficiency, air filtration and light guiding are being developed or
launched on the market. These three levers for growth and any external growth
should open up considerable potential for medium and long-term sales and earnings.
Another car model to be equipped with innovative seat coating
After the Opel Insignia, "Car of the year 2009", a serial production
model in the family car segment will in future also be equipped with a new upholstery
coating from Nanogate. The treatment, known as "Top Tec", prevents
dirt and liquids from entering into the seating fabric and staining the material.
This application was developed in 2008 in the Functional Textiles division.
Another manufacturer to benefit from efficient exhaust gas recirculation valves
In addition to the above, Nanogate has received an important contract from
a leading German premium range manufacturer. This Nanogate innovation, which
is already being used by several car manufacturers, improves the efficiency
of the car's exhaust system. The coating on the exhaust gas recirculation valves
enables engines to run in a more reliable and environmentally friendly way.
Nanogate is a leading international enabler in the nanotechnology growth market
and so opens the gate to this technology for its customers. The firm, which
is based in Göttelborn (Saarland), enables the programming and integration
of additional properties such as non-stick, anti-bacterial, anti-corrosive and
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.