PRESS RELEASE: Nanogate expands business in China with additional large order for glazing components




30.03.15 11:16
Dow Jones Newswires



PRESS RELEASE: Nanogate expands business in China with additional large order for glazing components





NANOGATE AG / Key word(s): Miscellaneous

30.03.2015 11:16

Dissemination of a Corporate News, transmitted by DGAP - a service of EQS
Group AG.
The issuer / publisher is solely responsible for the content of this announcement.

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Nanogate expands business in China with additional large order for glazing
components

New order has a volume in the significant double-digit million range and
will run for several years - Supply of multifunctional plastic components
with glass-like properties for a leading car manufacturer - Glazing
capacities increased - Option to set up production in China

Göttelborn, Germany, 30 March 2015. Nanogate AG, a leading international
integrated systems provider for high-performance surfaces, is benefiting
from its internationalisation strategy. The Group is expanding its business
in China with a new million-euro project for a leading German car
manufacturer. Nanogate has thereby added a further order to its existing
contract, which will be processed in partnership with an international
automotive supplier. The new order, which will run for several years, has a
total volume in the significant double-digit million range and will
increase the business that has been in place since 2014. The company has
also been given the option of setting up production in China in the medium
term with the corresponding support of local partners.

Ralf Zastrau, CEO of Nanogate AG, commented: "Greater internationalisation
and the establishment of locations outside Europe are key growth drivers of
our Phase5 strategy programme which was launched in 2014. The new,
additional million-euro project for multifunctional plastic components with
glass-like properties will take us considerably closer to our medium-term
target of exceeding sales of EUR 100 million and increasing the
profitability of the Group. The great dedication of the Nanogate team in
China is therefore paying off more quickly than expected. The long-term
partnership with the automotive supplier and the car manufacturer has also
been confirmed by what is already a fixed option to obtain support in the
medium term for the possible establishment of our own Nanogate production
in China. Glazing components as part of our strategic growth area of
advanced polymers continue to be in strong demand in the automotive sector
as well as among manufacturers of household appliances and interiors due to
their design and weight benefits."

As part of its business in China, Nanogate has been supplying glazing
components since 2014 to a leading automobile group that has been present
in China with its own production facilities for many years. Production
capacities at the existing glazing centre of excellence in Bad Salzuflen
will be increased once again for the new project, after volumes already
more than doubled in 2014. The investment amount for the additional
production and coating facilities runs to the mid single-digit million
range. Delivery of the plastic components from the new order is expected to
start in 2016.


Nanogate on Twitter: http://twitter.com/nanogate_ag


If you have any queries, please contact:
Christian Dose (financial press and investors)
Cortent Kommunikation AG
Tel. +49 (0)69 5770 300 0
nanogate@cortent.de

Liane Stieler-Joachim
Nanogate AG
Tel. +49 (0)6825 9591 220
liane.stieler-joachim@nanogate.com
Nanogate AG
Zum Schacht 3
66287 Göttelborn, Germany
www.nanogate.com


Nanogate AG:
Nanogate (ISIN DE000A0JKHC9/ISIN DE000A14KNC4) is a leading international
integrated systems provider for high-performance surfaces. The Group, which
is based in Göttelborn (Saarland), enables the programming and integration
of additional properties - such as non-stick, scratchproof and
anti-corrosive - into materials and surfaces. True to its slogan 'A world
of new surfaces', Nanogate opens up the diverse possibilities of
multifunctional surfaces based on new materials for companies in a wide
range of industries.

Nanogate provides its customers with technologically and optically
high-quality systems. To do so, the company uses its extensive knowledge of
innovative materials, including existing expertise in nanomaterials,
nanosurfaces and nanostructures. The aim is to improve customers' products
and processes by means of high-performance surfaces while achieving
environmental benefits. The Group concentrates on the four sectors
automotive/transport, mechanical/plant engineering, buildings/interiors and
sport/leisure as well as on the strategic growth areas of advanced polymers
and advanced metals. Nanogate has a unique combination of extensive
materials expertise paired with comprehensive, first-class process and
production know-how. As a systems provider, Nanogate offers services
throughout the entire value chain, from the purchase of raw materials, to
the synthesis and formulation of the material systems, right through to the
enhancement and production of the finished surfaces. The Group focuses
primarily on optically high-quality plastic and metal coatings for all
surface types (two and three-dimensional components). Its value drivers are
the opening up of new, international markets, the development of new
applications for the strategic growth areas of advanced polymers
(innovative plastics, e.g. glazing) and advanced metals (innovative metal
enhancements, primarily energy efficiency) as well as external growth. In
the medium term, Nanogate also intends to achieve a considerable revenue
share from environmentally friendly systems and processes as well as
cleantech applications.

The Nanogate Group has first-class references (e.g. Airbus, Audi, August
Brötje, BMW, BSH Bosch und Siemens Hausgeräte, Daimler, FILA, Jaguar,
Junkers, Porsche, Volkswagen). Several hundred projects have already gone
into mass production. The company also has strategic partnerships with many
international corporations. Nanogate comprises Nanogate Industrial
Solutions GmbH, Eurogard B.V., Nanogate Textile & Care Systems GmbH,
Nanogate Glazing Systems B.V., Vogler GmbH and majority stakes in GfO
Gesellschaft für Oberflächentechnik AG and Plastic-Design GmbH.

Disclaimer:
This publication constitutes neither an offer to sell nor an invitation to
buy securities. The shares in Nanogate AG (the "Shares") may not be offered
or sold in the United States or to or for the account or benefit of "U.S.
persons" (as such term is defined in Regulation S under the U.S. Securities
Act of 1933, as amended (the "Securities Act")). No offer or sale of
transferable securities is being made to the public outside Germany.


30.03.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: NANOGATE AG
Zum Schacht 3
66287 Göttelborn
Germany
Phone: +49 (0)6825/95 91 0
Fax: +49 (0)6825/95 91 852
E-mail: nanogate@cortent.de
Internet: www.nanogate.de
ISIN: DE000A0JKHC9, DE000A14KNC4
WKN: A0JKHC, A14KNC
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Munich,
Stuttgart; Open Market (Entry Standard) in Frankfurt

End of Announcement DGAP News-Service

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(END) Dow Jones Newswires




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