DGAP-News: NANOGATE SE / Key word(s): Incoming Orders
Nanogate: Major order of EUR 35 million
- Development and delivery of design-oriented plastic components for new e-automobile of a renowned German automobile manufacturer
- Focus on solutions in new mobility is increasingly paying off
- Major order to be carried out at the new site in Slovakia
Göttelborn, Germany, November 8, 2018. Nanogate SE, a leading global specialist for design-oriented high-tech surfaces and components, has started a new project in the area of new mobility. The major order encompasses a cumulative sales volume of EUR 35 million over a period of seven years.
Beginning in the fall of 2019, Nanogate will deliver design-oriented plastic components for a new e-automobile of a renowned German manufacturer. The vehicle is planned to be available beginning in 2020 and is currently being developed on the basis of a completely new car platform. The major order for Nanogate encompasses the development and production of around 30 different components for the interior. As part of the project, Nanogate will also make significant investments in corresponding engineering and production technology.
With this major order, the Group will increase its current order base in the three-figure million range. With its sights set on the upcoming series start-ups, Nanogate is also planning to structure its internal processes in a more efficient way and to significantly develop the company's organization. The implementation will be conducted as part of a new strategic program, which is currently being prepared. Back in September, the Management Board announced its intention to optimize the structure of the Group and define the future growth strategy, which should provide the basis for the medium-term plan.
Ralf Zastrau, CEO of Nanogate SE, notes: "This major order of around EUR 35 million confirms our strategic focus in several ways: On the one hand, the project strengthens our order base in the area of new mobility, following the first orders we already received. We also see a medium- and long-term need here on the part of automobile manufacturers, given predominant mega-trends. And on the other hand, the project offers evidence of our growth in Slovakia. The good conditions in this location make it ideal for realizing the order. Beyond this project, in 2019 we are anticipating the start of production and start-up of numerous new applications, as well as corresponding expenses. For example, the series start-up includes the major order announced in June 2018 in the amount of up to USD 100 million for the delivery of components for kitchen appliances to a renowned US manufacturer, which is based on our new stainless steel replacement technology. Moreover, Nanogate is conducting promising negotiations with additional companies for further projects for 2019."
Nanogate (ISIN DE000A0JKHC9) is a leading global specialist for design-oriented high-tech surfaces and components of very high optical quality. The Group employs around 1,500 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 with its own production facilities.
True to its slogan "A world of new surfaces", 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 its target industries, which are the automotive, aviation, home appliances, interior, leisure, and medical sectors. As a systems provider, Nanogate offers the entire value chain 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, the development of new applications, particularly for the strategic areas of glass-like (N-Glaze) and metallized (N-Metals) surfaces, as well as external growth.
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.
08.11.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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