Nanostart AG (NASRY: OTC Link) | Nanostart Asia Pacific expands Management Board

OTC

Nanostart Asia Pacific expands Management Board

May 10, 2012

OTC Disclosure News Service

Frankfurt, Germany / Singapore –

·        Bernd Dautel appointed as new Director

·        Many years of experience, expertise and network of contacts

Bernd Dautel has been appointed to the Management Board of the Nanostart (OTCQX: NASRY) subsidiary Nanostart Asia Pacific as a new Director alongside Andreas Kröll. Born in Germany and living and working in Singapore for the last 17 years, Mr. Dautel will join Nanostart Asia Pacificon a full-time basis from the middle of the year.  

 

In his last position as Managing Director of Wieland Metals Singapore, Bernd Dautel established the Asian operations of the Ulm (Germany) -based company Wieland Werke AG, one of the world’s leading manufacturers of semi-finished copper and copper alloy products, developing them from a start-up into a company with annual revenue in the three-digit million euro range. Bernd Dautel has many years of management experience, broad-based technological expertise and an extensive network of investors and industry contacts.

 

Commenting on his new role, Bernd Dautel said: “Because of the excellent work that Nanostart has achieved in Singapore to date and the potential I see here, I had no hesitation in agreeing to help shape the company’s further development when the position was offered to me. I look forward to the path that lies ahead of us.” Andreas Kröll added: “I am delighted that we have succeeded in bringing Bernd Dautel on board. His experience, expertise and excellent network of contacts will be of huge benefit in the forthcoming expansion of Nanostart Asia Pacific.”

 

Nanostart Asia Pacific, Singapore, is the Asian subsidiary of Nanostart AG. Besides Nanostart AG strategic investors and the members of the Management Board also hold equity interests in the company.

 

About Nanostart:
Nanostart AG(OTCQX: NASRY) headquartered in the German financial capital of Frankfurt, is aleading nanotechnology investment company, with portfolio companies spanning the globe from Silicon Valley to Singapore. The company provides venture capital financing for nanotechnology companies in various growth phases with a focus on innovation-driven industries of the future such as cleantech, lifesciences and IT/electronics. As main shareholder of Nanostart Asia Pacific Ptd Ltd, Nanostart invests as partner of the Singaporean government.

Disclaimer:
This notice constitutes neither an offer to sell nor a solicitation of offers to purchaseor subscribe to securities. There will be no public offering of securities of Nanostart AG in conjunction with the existing listing of its shares in the“Entry Standard” segment of the regulated unofficial market (Freiverkehr) on the Frankfurt Stock Exchange. This notice does not constitute a securities prospectus. Neither this notice nor the information contained within is intended for direct or indirect distribution within Canada, Australia or Japan.

 

Media contact:
Nanostart AG
Dr. Hans Joachim Duerr
Head of Corporate Communications
Goethestrasse 26-28
60313 Frankfurt, Germany
phone: +49 (0)69-21 93 96 111    
fax: +49 (0)69-21 93 96 150
e-mail:
presse@nanostart.de

 

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

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