Nanogate AG gains its first major U.S. customer
Long-term contract with one leading U.S. bathroom fixtures company – International business in NAFTA zone expanding significantly – Volume of orders in millions
Saarbrücken, 17 July 2007. Nanogate AG (ISIN DE 000A0JKHC9) is penetrating the U.S. market: in the future, the nanotechnology company will provide multifunctional surfaces for various product lines manufactured by a leading bathroom fixtures company. The contract spans several years and stipulates minimum sales which are to increase year by year. The conclusion of the contract considerably boosts Nanogate’s international business and bears out its rollout strategy.
The long-term cooperation has a minimum term of several years and provides for further formal extension options. It also stipulates minimum sales which are to increase each year. The contract for the NAFTA zone (USA, Canada, Mexico) entails, for example, coating glass surfaces with an invisible, eco-friendly finish which repels water, limescale and dirt, protects them from glass corrosion and is easy to clean. Nanogate developed the necessary technology platforms and has been marketing them successfully in various applications in Europe since 2000. The U.S. firm is one leading global manufacturer of bathroom products in the NAFTA zone and employs thousands of people around the world. New products are set to be presented on the market before the year is out. In operational terms, the cooperation will come under the remit of the new Buildings/Interiors segment.
“With this contract, we are considerably consolidating both international business and the new Buildings/Interiors segment” explained Ralf Zastrau, Chairman of the Management Board of Nanogate AG. “The agreement bears out our strategy of focusing on attractive sectors and tapping these on an international scale.” Nanogate expects its customer base to grow further in the course of the current year, especially abroad. In this connection, the company hopes to benefit from the future programme NEXT, which was presented in April 2007 and entails sharpening its industry focus, especially in the fields of buildings/interiors, automotive/mechanical engineering, sport/leisure and functional textiles (in the course of the year). “We can boast high-performance technologies for these high-volume markets which enable us to offer fast implementation and high-margin applications” Zastrau added.