ItN Nanovation believes the new agreement gives the German filter company a significant inroad into the wastewater treatment markets in Italy, France, Spain and the UK and opens up significant additional revenue potential to ItN Nanovation. Initial sales are expected in 2011.
“That a technology leader in wastewater treatment facilities like Ecologia Soluzione Ambiente has decided to exclusively use our ceramic flat filter membranes is yet another demonstration of the superb performance that CFM Systems can uniquely provide,” said Lutz Bungeroth, CEO of ItN Nanovation. “We are currently negotiating further cooperation arrangements along these lines in other highly promising markets. There’s a lot of interest in what our technology can do.”
ItN Nanovation AG is a portfolio company of Nanostart AG.
