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11-10 :: October 2011
nanotimes
Companies Facts
Russia. Nanostart is entering the Russian market in close cooperation with RUSNANO, the largest government nanotechnology investor in Russia with funds of USD10 billion. In April this year, Nanostart obtained the mandate for the Kama Fund First – a EUR50 million venture capital fund for nanotechno- logy companies in the Perm economic region – from RUSNANO and the governor of the Perm region.
“Nanostart Russia Asset Management Ltd provides us with the regulatory basis for the management of investment funds in Russia. From our perspective, the mandate for the Kama Fund First is just the first in a range of funds that we intend to initiate with our strong Russian partners over the coming months and years,” commented Vladimir Bogomolov, Director Eastern Europe at Nanostart AG.
In addition to Bogomolov, Dr. Stefan Elsser, Senior Venture Partner at Nanostart AG, will be responsible for activities in Russia.
eo Material Technologies Inc. (TSX: NEM) reported its financial results for the three-month
and nine-month periods ended September 30, 2011. Revenues continued to increase for the tenth conse- cutive quarter, reaching record levels in the three- month period ended September 30, 2011. Revenues were $248 million compared to $216 million during the previous quarter, and $91 million during the cor- responding period in 2010. The continued increase in revenues was primarily driven by higher average selling prices at both operating divisions during a period of peak pricing. The Company also reported
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record net income attributable to equity holders of NEM of $79 million, earnings per share of $0.66 and $0.57 on a basic and fully diluted basis, respectively, and operating income plus depreciation and amorti- zation (EBITDA) of $112 million.
At September 30, 2011, the Company had a cash balance of $316 million and long-term debt amoun- ted to $197 million. During the third quarter, the Company announced the commencement of a nor- mal course issuer bid, resulting in the repurchase of 2,541,200 common shares for cancellation as at the end of the reported period and the use of $22 milli- on which would have otherwise been reflected in the Company’s cash balance at quarter-end. Subsequent to September 30, 2011, the Company repurchased for cancellation 1,171,000 of its outstanding com- mon shares for a total consideration of $8.2 million.
Neo Material Technologies Inc. is a producer, pro- cessor and developer of neodymium-iron-boron magnetic powders, rare earths and zirconium based engineered materials and applications, and other rare metals and their compounds.
nteractions between nanoparticles and filter media is the topic of a recent research study conducted
by Lewis University (Romeoville, IL, USA) in colla- boration with Pall Corporation (NYSE:PLL). The findings of the study were presented by Pall at the International Conference on Planarization/CMP Tech- nology (ICPT), Nov. 9-11 in Seoul, Korea.
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