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Nanogate AG: Another major order for heat exchangers - Production operating at full capacity

NANOGATE AG / Key word(s): Incoming Orders

20.11.2014 12:04

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Nanogate AG: Another major order for heat exchangers - Production operating
at full capacity

Greater field of application with gas condensing boilers in heating systems
for high-volume operating conditions - Annual order volume for
energy-efficient coatings in the low seven-digit euro range - Additional
new thermotechnology projects planned

Göttelborn, Germany, 20 November 2014. Nanogate AG (ISIN DE000A0JKHC9), a
leading international integrated systems provider for high-performance
surfaces, has expanded its position in the market for heating technology
with an additional major order worth millions. For a leading international
thermotechnology producer, Nanogate refines heat exchangers for gas
condensing boilers using innovative energy-efficient coatings for use in
multi-family homes, for instance. The new order, with an initial term of
two years, comprises an annual sales volume in the low single-digit million
range. Production is already well under way and the planned monthly output
is now being achieved in its entirety. Nanogate expects additional orders
from the same manufacturer for further applications and types of gas
condensing boilers.

Ralf Zastrau, CEO of Nanogate AG, commented: "Nanogate is writing the next
chapter in the success story of the N-ergy Plus brand. Our self-developed
systems represent a key technology in the field of energy efficiency,
enabling us to deliver cutting-edge technical and financially efficient
solutions for a dynamic growth market. With this order, Nanogate is one
step closer to achieving its medium-term sales goal of EUR 100 million. Our
strategy programme, Phase5, is increasingly paying off. At the same time,
the project secures the level of utilisation in our new centre of
excellence for high-quality metal applications that will begin operating in
Neunkirchen in 2015."

N-ergy Plus being used for the first time with high-volume appliances
Nanogate's multifunctional energy efficiency coatings facilitate the use of
innovative heating systems with state-of-the-art condensing boilers. As
part of the project for a leading, long-established manufacturer,
high-volume gas condensing boilers made from aluminium will be equipped for
use in multi-family houses, for instance. Thanks to the innovative coating,