Nanogate concludes long-term cooperation agreement with Giesecke & Devrient
Saarbrücken, 19 March 2007. The Saarbrücken-based company Nanogate AG (ISIN DE 000A0JKHC9) is stepping up its cooperation with the global market leader in the field of safety engineering, Giesecke & Devrient, headquartered in Munich. Building upon the existing business relationship, a long-term cooperation agreement has been concluded in the high-growth market for safety technologies.
The agreement involves Nanogate AG developing a range of new technologies in conjunction with Giesecke & Devrient over the course of the next few years. These technologies will then be used in Giesecke & Devrient products. Where possible, work on specific new projects will begin in the 2007 business year. The new cooperation agreement will see Giesecke & Devrient using a number of Nanogate’s elements of technology and expertise. Various solutions are to be developed and marketed as part of the cooperation. These could range from trademark protection to high-security printing.
Ralf Zastrau, Chairman of the Management Board (CEO) of Nanogate AG, says: “The demand for new solutions in the field of anti-forgery protection is growing constantly. For example, the World Trade Organization estimates that counterfeits already account for some 13 % of all worldwide trade. The new long-term cooperation confirms our expertise in this sector. A partnership with a worldwide leading company such as Giesecke & Devrient is also an attractive building block in our strategy of tapping emerging international markets.”
Nanogate aims to further boost its growth by means of cooperation arrangements or licensing models with leading companies in the future. “Cooperating with international industry leaders such as Giesecke & Devrient will ensure that we quickly enter into new, high-margin areas of nanotechnology,” Zastrau continued.
