Third Quarter-Report: ItN Nanovation AG improves revenue and capital structure

Nanotechnology Company continues to grow after succesfull IPO

--------------------------------------------------------------------------------
ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
the content of this announcement.
--------------------------------------------------------------------------------

Saarbrücken (euro adhoc) - ItN Nanovation increased its revenue line
during the first nine months by 15,4% to EUR 4,3 million (compared to
EUR 3.7 in 2005). Gross operating revenues during the reporting
period rose even higher by 26,7% up to EUR 4,5 million (compared to
EUR 3,6 million in 2005).

The overall cost base in Q3 is influenced by one-time items resulting
from the IPO and costs from the payback of loans (dormant equity
holdings). In addition, the build up of staff in particular in the
sales force and R&D area reduced profitability; however this build up
- as planned - will lead to a significant increase in revenues during
2007. As an overall result the company shows an EBIT for the first
nine months of EUR -3,2 million (compared to EUR -1,7 million in
2005). This amounts to a net loss for the period of EUR -2,0 million
(compared to EUR-1,2 million in 2005) which is in line with corporate
planning.

ItN Nanovation´s CEO Dr. Tillmann Lauk clearly reinforces the overall
planning perspective: "As communicated we do expect the break-even in
Q4 2007. Our products continue to develop positive and face growing
demand. We are delighted that our high-performance coating for
foundries (i.e. release agent) Nanocomp Metcast is performing more
encouragingly than expected. In particular from that productline we
expect a very dynamic growth in 2007. With respect to our productline
Nanocat for household ovens we are continuing our very promising
testing cycles with additional and potentially large customers. Here
we do expect for 2007 the successful signing of at least one
contract."

ItN Nanovation´s capital structure was considerably improved by the
IPO proceeds of EUR 27,6 million: its total assets grew by 181%
year on year to EUR 40,4 million, and its equity ratio cam to 80.2%.

About ItN Nanovation:

ItN Nanovation AG is one of the leading international nanotechnology
companies. It develops innovative ceramic products, such as coatings
and filter systems for large industrial customers. The nanoscale
powder needed for this purpose is manufactured by the Company itself.
ItN Nanovation was established in 2000 and has more than 60 employees
today. The Company’s success is attributable to an extensive patent
portfolio as well as to comprehensive development and application
know-how. The company is listed in the Prime Standard at Frankfurt
Stock Exchange.

end of announcement euro adhoc 14.11.2006 08:00:00
--------------------------------------------------------------------------------

ots Originaltext: ItN Nanovation AG
Im Internet recherchierbar: http://www.presseportal.de

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: Frankfurter Wertpapierbörse / regulated dealing/prime
standard
Börse Berlin-Bremen / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bayerische Börse / free trade


	hier anmelden...