Press release
ItN Nanovation AG has received order from Veolia group for water filtration in Saudi Arabia
Dissemination of an Ad hoc announcement according to § 15 WpHGThe issuer is solely responsible for the content of this announcement
*Project volume for ItN Nanovation is about 1.3 million Euro
*Veolia Water VWS Saudi Industries is project partner and ordering party
*Order will supposedly be effective as turnover in 2014 and 2015
Saarbruecken - August 22nd, 2014. ItN Nanovation AG (ISIN DE000A0JL461) has received another binding big order from Saudi Arabia. Veolia Water VWS Saudi Industries Ltd. has ordered the delivery of ceramic flat sheet membranes and accessories for a water treatment plant near to the capital Riyadh. In addition, ItN is in charge for the design of the heavy-metal adsorption process of the plant. ItN's total turnover in the project translates to approximately 1.3 million Euro, which will be effective as turnover in 2014 and 2015.
The plant is to produce more than 25,000 cubic meters of drinking water per day from deep ground water, once it has been taken into operation in 2015. The entire project will be managed by the Saudi Arabian Al Manar Arabian Corporation; Veolia will be responsible for the technical construction work of the project.
Beside the significant contribution to turnover, the project is important for ItN Nanovation since it exemplifies the increasing market acceptance of ItN's filtration solutions. In addition, it is the first cooperation with Veolia, the world market leader for environmental services, one of which is the water segment.
ItN Nanovation AG
The Management Board
The Company
ItN Nanovation AG based in Saarbruecken, Germany, is one of the leading nanotechnology companies in the world, developing innovative water filtration systems for large industrial customers.
ItN stands for "Innovation through nanotechnology" and reflects the company's well-founded nanotechnology know how.
Contact:
ItN Nanovation AG
Untertuerkheimer Str. 25
66117 Saarbrücken
Tel.: +49 (0) 681/5001-460
Fax: +49 (0) 681/5001-499
Email: ir@itn-nanovation.com
www.itn-nanovation.com
IR-Contact:
edicto GmbH
Axel Muehlhaus
Eschersheimer Landstraße 42
60322 Frankfurt am Main
Tel.: +49 (0) 69/905 505-52
Fax: +49 (0) 69/905 505-77
Email: amuehlhaus@edicto.de
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