As one of the 120 award-winning high tech companies Namos GmbH presents at the European Venture Summit (EVS) on 30 November and 1 December 2009 in Düsseldorf, Germany.

Different young ICT, Life Sciences and Cleantech companies have been competing through 2009 for a place at this investment forum. The event is sponsored by North Rhine-Westphalia and the City of Düsseldorf (more information).

Europe Unlimited announced that Namos GmbH has been selected to present by international investors at CleanTech Invest 2009 in Vienna on 8th October.

Sponsored by tecnet capital and Lower Austria, Cleantech Invest 2009 brings the best young cleantech companies in Europe together with international investors and corporate partners meeting to assess and score companies for investor readiness.

In the presence of more than 300 guest from economy, politics, science and media this year's IQ Innovation Award Central Germany has been granted to Namos GmbH in the section "Automotive". The prize carries a value of 7.500 Euros.

Namos received its decoration for a technology to reduce precious metals by means of biologic templates.

The German Reconstruction Loan Corporation [KfW, Kreditanstalt für Wiederaufbau] will invest up to 1 million Euros in the Namos Company held by the Dresden venture capital company Nanostart AG. The investment capital will be disbursed as acquisition financing from ERP startup funds by the German Reconstruction Loan Corporation (KfW) in several tranches. The disbursement schedule is contingent on achieving certain milestones in the product development.

By passing the aging test, the Namos technology has leaped ahead toward market readiness. Once mature, the technology is designed to save up to half of the precious metals (such as platinum) used in conventional procedures for the production of catalytic converters for the automotive industry.

As a first step, the venture capital company Nanostart AG acquired 15.2 % of the Namos GmbH*. The company plans on increasing this share to 19.7 %. The Nanostart AG is the leading global venture capital company in the nanotechnology sector. The company with headquarters in Frankfurt/Main (Germany) invests in nanotechnology growth companies in different phases of their corporate life, finances nanotechnology companies and also provides expert advice on creating instruments to finance developments in the nanotechnology sector. You can find further information on the Nanostart AG at www.nanostart.de.

* LLC according to German law