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DGAP-News: Nanogate Receives Multimillion-Euro Order for Innovative Vehicle Design

DGAP-News: Nanogate Receives Multimillion-Euro Order for Innovative Vehicle Design

DGAP-News: NANOGATE SE / Key word(s): Incoming Orders
Nanogate Receives Multimillion-Euro Order for Innovative Vehicle Design

30.01.2020 / 13:05
The issuer is solely responsible for the content of this announcement.


Nanogate Receives Multimillion-Euro Order for Innovative Vehicle Design

- Cumulative sales volume exceeding EUR 100 million expected
- Production of an innovative front panel for a top German vehicle manufacturer
- First high-volume deliveries starting in 2022
- Order confirms technological leadership

Göttelborn, Germany, January 30, 2020. Nanogate SE, a leading global technology company for design-oriented, multifunctional components and surfaces, has received one of the most important orders in company history. The Group will be supplying components of the highest optical quality for the front design of an electric vehicle for a top German manufacturer. The cumulative sales volume is expected to come to over EUR 100 million and strengthens the order base of the Group in the strategic growth area of New Mobility. The innovative front panel will replace the conventional grill and thus make a decisive impact on the vehicle's design.

Ralf Zastrau, CEO of Nanogate SE, says, "This multimillion-euro order confirms our technological leadership. Nanogate will supply components for the face of a new generation of electric cars for a top German manufacturer. Because of the systems and technology expertise we have built up over the years along the entire value chain, Nanogate has prevailed. This development will likely strengthen innovative design and technology trends for the entire industry and open up other market opportunities for us. In addition to this, we expect that further electronic functionalities will eventually be integrated into the new front panel. With our skill sets, we are very well prepared for this and will drive our customer's innovation process forward."

Nanogate was directly commissioned by the OEM and is involved on all levels of the value chain, starting with the design and the engineering through to the manufacture of the final components. The Group profits here from its course of continuously expanding know-how and technological expertise. The investments made in recent years are paying off. The focus is on the engineering of the components, the expertise in transparent, glass-like surfaces, the sophisticated plastic molding with the highest optical quality, existing metallization and decorative surface expertise and the possible integration of electronic functionalities in future projects.

Nanogate will implement this project at the Bad Salzuflen and Lüdenscheid sites. The customer is involved in the still-necessary adaptation investments to a very high degree. The production start and delivery of considerable volumes is planned for 2022.

Contact

Christian Dose | WMP Finanzkommunikation GmbH
Phone +49 69 57 70 300 21 | ir@nanogate.com

Nanogate SE
Zum Schacht 3 | 66287 Quierschied-Göttelborn
www.nanogate.com | twitter.com/nanogate_se

Nanogate SE

Nanogate (ISIN DE000A0JKHC9) is a leading global technology company for design-oriented, multifunctional components and surfaces. The Group employs around 1,800 people. Nanogate develops and produces design-oriented surfaces and components and enhances them with additional properties (e.g. nonstick, scratchproof, anticorrosive). The Group has first-class references (e.g. Airbus, Audi, August Brötje, BMW, BSH Hausgeräte, Daimler, FILA, Ford, Fresenius, GM, Jaguar, Junghans, Porsche and Volkswagen). Several hundred mass production projects for customers have already been implemented successfully. The Nanogate Group is represented on both sides of the Atlantic and in India.

True to its slogan "Reinventing the Possible", Nanogate is a long-standing innovation partner who opens up the diverse possibilities offered by new materials to companies in a wide range of industries. It aims to improve customers' products and processes and to provide environmental benefits by using multifunctional surfaces, such as those made of plastic or metal, and innovative plastic components. The Group focuses on attractive applications, primarily for the mobility, aviation, home appliances, interior, leisure, and medical sectors - its target industries. As a systems provider, Nanogate broadly covers the value chain: design and engineering, materials development for surface systems, series coating of various different substrates as well as the production and enhancement of complete plastic components. The main value drivers are the opening up of international markets and the development of new applications, particularly for the three strategic areas Intelligent Surfaces, New Mobility and Artificial Metals.

Disclaimer

This publication constitutes neither an offer to sell nor an invitation to buy securities. The shares in Nanogate SE (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.



30.01.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: NANOGATE SE
Zum Schacht 3
66287 Göttelborn
Germany
Phone: +49 (0)6825/95 91 0
Fax: +49 (0)6825/95 91 852
E-mail: nanogate@wmp-ag.de
Internet: www.nanogate.de
ISIN: DE000A0JKHC9,
WKN: A0JKHC
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 964229

 
End of News DGAP News Service

964229  30.01.2020 

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Nanogate AG Stock

€1.13
-3.490%
Heavy losses for Nanogate AG today as the stock fell by -€0.065 (-3.490%).
Currently there is a rather negative sentiment for Nanogate AG with 3 Buy predictions and 7 Sell predictions..
On the other hand, the target price of €2.00 is above the current price of €1.13 for Nanogate AG, so the potential is actually 76.991%.
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