EANS-Adhoc: ItN Nanovation AG / ItN Nanovation presents its annual figures for 2008

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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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annual report

27.04.2009

ItN Nanovation presents its annual figures for 2008: Despite sales
increasing by 31 percent in a difficult financial year 2008, earnings
deteriorated significantly compared to the previous year due in part
to negative one-time effects

* EBIT fell to EUR -11.1 million due to one-off costs * Focus in 2009
on earnings-driven marketing offensive and cutting costs * Package of
measures dedicated to improving liquidity resources

Saarbrücken - April 27, 2009. ItN Nanovation AG (ISIN DE000A0JL461)
closed the financial year 2008 with sales of EUR 6.3 million. This
represents an increase of more than 31 percent compared to the EUR
4.8 million mark set in the previous year. This is largely
attributable to a significant rise in sales in the fourth quarter
triggered by important customers deciding to purchase products in
advance. In contrast, earnings before interest and taxes, EBIT,
decreased substantially in the financial year 2008 to EUR -11.1
million, compared to EUR -8.1 million in the previous year. EBIT for
2008 was impacted by one-time effects to the tune of EUR 2.6 million.
These included settlement expenses for former Management Board
members but also consulting costs connected to the market launch of
new products and company restructuring.

The available cash and cash equivalents fell to EUR 0.5 million as of
December 31, 2008 compared to EUR 9.8 million on the previous year´s
reporting date. In an effort to bridge the liquidity bottleneck, a
consortium consisting of former shareholders and new investors made a
loan available to the Company at the end of 2008. In the current
financial year, further measures intended to bolster the financial
foundation of the Company have already been initiated and implemented
to some extent. This included an increase in the Company´s registered
share capital amounting to EUR 530,000 carried out in April.
Nevertheless, the Company´s liquidity situation remains tense and
further capital measures will be required during the course of the
year. In an effort to improve the liquidity of the Company, an
increase in the Company´s registered share capital by almost EUR 1.5
million at a subscription price of minimum EUR 1.00 pr. share, will
be proposed at the Annual General Meeting on June 5, 2009. Existing
shareholders will have subscription rights and after constructive
discussions with shareholders, the Company has reason to believe that
the capital increase of almost EUR 1.5 million will be subscribed
for.

In 2009, ItN Nanovation is focusing on stepping up the marketing of
its developed product range and substantially reducing costs. On the
product side, sustained growth in ceramic flat filter membrane
systems, CFM systems for treating water, is anticipated. This is
where the Company sees potential for sales development in the current
year after already billing part of a larger scale order. ItN
Nanovation also aims to reduce costs by around EUR 7 million in the
current year by virtue of a comprehensive cost cutting programme. All
in all, further moderate sales growth is expected for 2009 despite
the difficult situation the Company is continuing to face.

The Annual Report with the audited annual financial statements is
from today available for download online at www.itn-nanovation.com.

end of announcement euro adhoc
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ots Originaltext: ItN Nanovation AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

ItN Nanovation AG

Untertürkheimer Straße 25

66117 Saarbrücken

Tel.: +49 (0) 681/50 01-460

Fax: +49 (0) 681/50 01-499

E-Mail: info@itn-nanovation.com

www.itn-nanovation.com

IR-Contact:

edicto GmbH

Herr Axel Mühlhaus

Zeißelstr. 19

60318 Frankfurt am Main

Tel.: 069-90 55 05-52

Fax.: 069-90 55 05-77

Email: amuehlhaus@edicto.de

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