Coreo AG — Capital/Financing Update 2008

Oct 13, 2008

News Details

Corporate | 13 October 2008 07:15

Germany’s ERP Start Fund invests in Nanostart-held Namos

Nanostart AG / Miscellaneous

Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.

---

• Investment of up to one million euros from German government program

• Immense precious metal savings in manufacture of catalytic converters

• Unique, proprietary process with high market demand

Frankfurt/Dresden, October 13, 2008 – Namos GmbH, a Dresden-based company
which is partly owned by Nanostart AG, will receive up to one million euros
from the ERP Start Fund, a joint program of the Kreditanstalt für
Wiederaufbau (KfW), the German government-owned development bank, and the
German Federal Ministry of Economics and Technology. The funds, to be
provided in the form of an equity investment, will be disbursed in several
tranches which are contingent on the achievement of specific milestones in
product development.

'This investment by the ERP Start Fund is an indication of its confidence
in the tremendous potential which lies in the technological developments
from this small and still relatively unknown company,' said Reinhard
Edelmann, Head of Venture Financing at Nanostart AG, in welcoming the KfW
investment.

The new technology developed by Namos should enable the savings of about
one half of all precious metals currently required for the production of
automotive catalytic converters. The proprietary process from Namos is
based on a bionanotechnological coating which is applied to the ceramic
substrate used in catalytic converters. Approx. 230 metric tons of 'new,'
non-recycled precious metals are currently consumed each year to produce
automotive catalytic converters, corresponding to an annual value of USD
8.3 billion. Roughly half of this amount, more than USD 4 billion, could be
saved through the new technology from Namos.

The process is currently proceeding through a number of testing phases. At
the end of these, the new technology will be fully ready for the commercial
market so that it can be smoothly integrated into the overall production
process for automotive catalytic converters. 'We are on a solid path and
are highly confident that we will quickly pass the milestones, thus marking
the successful conclusion of the various testing phases. Our process is
unique, and the market is eagerly anticipating it,' added Dr. Jürgen
Hofinger, Managing Director of Namos GmbH.

Following this transaction, Nanostart and the ERP Start Fund will each hold
a share of 15.2 percent in Namos. Once the remaining planned capital
transactions have been executed, the two investors will together hold a
40-percent share of Namos.

About Nanostart:

Nanostart AG is the world’s leading nanotechnology investment company. The
Frankfurt-based company provides venture capital financing for
nanotechnology companies in various growth phases. It also provides the
benefits of its experience and expertise to developers of financial
instruments and to investors in the nanotechnology sector. For further
information about the company, please visit www.nanostart.de.

About Namos:

Namos GmbH develops highly innovative coatings based on aqueous solutions,
with a focus on nanostructured surfaces which offer uniquely advantageous
characteristics. Rather than producing these with a large number of complex
process steps, these are produced using biomolecules which use their
inherent 'intelligence' to organize themselves in certain ways into the
desired structures. The company has long maintained intensive contacts with
leading-edge research centers, particularly within the area of Dresden. The
customers and cooperation partners of Namos include renowned major
corporations as well as smaller and specialized companies. For further
information, please visit www.namos.de.

Disclaimer:

This notice constitutes neither an offer to sell nor a solicitation of
offers to purchase or subscribe to securities. There will be no public
offering of securities of Nanostart AG in conjunction with the existing
listing of its shares in the 'Entry Standard' segment of the regulated
unofficial market (Freiverkehr) on the Frankfurt Stock Exchange. This
notice does not constitute a securities prospectus. Neither this notice nor
the information contained within is intended for direct or indirect
distribution within the United States of America, Canada, Australia or
Japan.

Media contact:
Nanostart AG
Public Relations
Dr. Hans Joachim Dürr
Goethestrasse 26-28
D-60313 Frankfurt

Germany
phone: +49 (0)69-21 93 96 111
fax: +49 (0)69-21 93 96 122
e-mail: presse@nanostart.de

13.10.2008 Financial News transmitted by DGAP