2
ItN Nanovation AG is a German company, based in Saarbrücken, specialized in nanotechnology and special coatings. Founded in 2000, IPO occurred in 2006; since 2009, its shares are listed in the XETRA General Standard.
Through its brand , ItN Nanovation AG is specialized in applications and solutions in the area of water filtration, specifically in Reverse-Osmosis pre-treatment, and Moving Bed Bio Reactors (MBBR).
Sales in 2012 were ~ 2 Mio €.Our project pipeline contains > 80 Mio € for the next 3 years.
Who We Are
What has been achieved so far
• Technology leader in ceramic membranes for water filtration
• 15 patent families around water filtration
• Successful proof of concept and technology on ground water wells in Saudi Arabia – Ministerial Direction to consider CFM Systems as preferred technologies
• Successful test of waste water treatment containers in Europe and USA
• Strong international partner network i.e. Juffali Group in Saudi Arabia, EIP in USA
• Strong core shareholders
• Reduced cash burn rate by half in second half of 2012
3
4
1. Introduction – ItN Vision
2. Markets
3. Marketable products
− Base technology
− Applications
4. Development & growth perspective
5. Conclusions
Agenda
5
• Our world is constantly struggling with a water need far above supply
• Close to 900 million people still have no access to appropriate potable water
• Climate change, global urbanization, and accelerated deep ground water consumption aggravate the challenge
• Today, humankind deals with this precious resource in a way that isclearly not sustainable
Water – a Precious Resource
• ItN Water Filtration contributes to solving the problem, through smart treatment solutions with dramatically improved efficiency
• ItN engineers have developed the perfect combination of materials and processes for water treatment, which solve many of the limitations experienced by standard products
Source: ItN Nanovation
− Be perceived as a significant playerin the domain of water filtration
− Being an enabler and facilitator, ItN Nanovation offers
its partners an outstanding technology platform
− ItN‘s whole filtration technology is built around the CFM coated ceramic membrane
− Once conditions get rough, ItN will still bethe first choice for implementation
6
ItN‘s Vision Aspiration
• ItN offers superior water filtration technology, based
on the Ceramic Flat Membrane (CFM)
• A quantum leap of efficient, sustainable clean
technology
7
1. Introduction – ItN Vision
2. Markets
3. Marketable products
− Base technology
− Applications
4. Development & growth perspective
5. Conclusions
Agenda
Positioning ItN Water
Filtration Solutions
0by recycling water
for end consumer use on
the spot
0by pre-treating
deep ground water
for Reverse Osmosis
0by pre-treating water for
industrial Reverse
Osmosis applications
CFM Systems are
performing
ultra filtration
for0
0reuse
water0
8
0potable
water...
0by pre-treating sea water
for Reverse Osmosis in
the desalinization process
Source: ItN Nanovation
0by pre-treating
surface water for
Reverse Osmosis
Cost of Water Treatment by
SegmentsTreatment cost/m³
0
1
2
3
4
5
6
7
Surfacewater
Sewagewaterre-use
Groundwater
(50-80 m)
DeepGroundwater
(> 80 m)
Desalination Evaporation
− increased purification
−mobile water treatment
−more plants
−Largely available alternative
2012
2017
−deeper drills−overall need
• renewable• limited
• non-renewable
Quest for quality will grow in all segments, leading to steeply
increasing water treatment cost worldwideSource: ItN Nanovation
− long-term decrease
−accelerates need for deep ground water
9
• industrial• municipal
0
1
2
3
4
5
6
7
Surfacewater
Sewagewaterre-use
Groundwater
(50-80 m)
DeepGroundwater
(> 80 m)
Desalination Evaporation
10
ItN Positioning per Segment
Treatment cost/m³
2012
2017
ItN is focused on sewage water and deep ground water
treatmentSource: ItN Nanovation
Target segment for ItN Nanovation
• Municipal sewage water, mobile solution• Selected industrial applications• Post-RO disinfection/purification
Sewage
water
re-use
Deep
Ground
water
(>80 m)
− increased purification
− long-term decrease
−accelerates need for deep ground water
primary
secondary
none
−Largely available alternative
−mobile water treatment
−more plants
−deeper drills−overall need
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- source
Water
use
Surface
Water
Deep
Groundwater
Sea Water
desalination
Municipal
Wastewater
Industrial
Wastewater (many appl.)
Shale Gas
Water
Drinking
Water
UF/MF Treatment
Pre-TreatmentUF/MF(before RO)
Pre-TreatmentUF/MF (before RO)
Post-Treatment behind traditional wastewater plant
? _
Feed Water
for Industries
UF/MFTreatment (before RO)
Pre-Treatment UF/MF (before RO)
Pre-Treatment UF/MF(before RO) ( - )
UF/MF Treatment (before RO)
Reuse
UF/MF Treatment (before RO)
Reuse
Irrigation
Water_ _ _
UF/MF Treatment (small scale) _ _
There is a huge potential for further
growth with ItN-
Europe
America
MENA
Asia
Targeted Market Segments, Overview
12
Total: 437
ItN is targeting a market of EUR 140 billion (USD 168 bn)
Global Water Industry
(Sales in EUR billion, 2010E)
914
DesalinationDisinfection/Purification
47
51
54
Distribution
Industrial
Source: Jefferies & Company (2011), taskforce analysis
Municipalities
Water treatment chemicals 1218
40
27
44
Filtration
Valves
Pumps
Pipes
secondary
primary
ItN target segments
mostly new
plants & OEM
business
mostly ongoing
operations &
maintenance
Components & Chemicals:
142
Infrastructure & Operations
174
Other: 121
13
Pricing – Phase II
Developed countriesEUR/m³
2009
Price per m³ potable water for private households
1,001,17
1,50 1,601,84
2,29
0
1
2
3
4
5
6
7
8
9
2001actual
2009eCPI*
2009actual
2001actual
2009eCPI*
2009actual
+ 29%
U. K. Germany
0but the trend will be reversed at a later stage
* Consumer Price Index (inflation)
• „Germany, together with Britain, has been one of the few countries in the world where tariffs are set at full cost recovery level“(Christopher Gasson, GWI, 2010)
• 2008 OECD Global Water Tariff Survey: „Sa significant minority have introduced step increases in what they charge (S).
− Eastern and central European cities adjusting their tariffs towards market rates (S)
− Cities driven by water scarcity to pass the additional costs on to customers (S)
− And cities with such ludicrously cheap water that something had to be done“
+ 25%
Source: Globalwaterintel.com, Inflation.en, Wasseratlas (2009), taskforce analysis
14
1. Introduction – ItN Vision
2. Markets
3. Marketable products
− Base technology
− Applications
4. Development & growth perspective
5. Conclusions
Agenda
15
ItN Water Filtration Technology is at the heart of
water treatment systems
Use
The UF/MF filter determines the efficiency of every water
treatment system
Source: ItN Nanovation
Reverse Osmosis
depending
on
application
Water�
ReuseUltra-
/Micro
Filtration
Pre-treatment
•Aeration•Chlorination•Biological Pre-treatment
•...
depending
on
application
Pumping
CFM-Systems, i.e.
• Bacteria
• Iron
• Manganese
• Radium
ItN-
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Filtration Technology Classes
Frequently, CFM ultra filtration will boost Reverse Osmosis
• able to extract i. e. metal particles/nitrogen/phosphorus and heavy ions like Radium
• effluent has less than drinking water quality
CFM filtration range
Source: ItN Nanovation
Particle Diameter Log Scala
untreated water
potable water
FiltrationCapacity
1000 l/h/m²
450 – 45 l/m²/h
5 l/m²/h
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PumpingPre-
TreatmentReverse Osmosis
Total
m2/h
Economic benefitof an optimized water treatment
process
Flux rate CAPEX Investment / Opex
higher flux rate at lowest cost!
The core technology to optimize total economic
benefit is the ultra-micro-filtration process which
basically determines the main cost factors and
flux rates
$/m3
Benefit
Ultra-/Micro
Filtration
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Membrane Morphology Options
Material
Flow
direction
Pore
design
Form
Instead of being conventionalS
0it‘s
innovative0
0having many advantages:
polymer ceramic
• Prolonged membrane lifetime• Better heat and chemicals tolerance• Improved robustness & reliability
non-structured structured• Constant filtration quality• Higher filtration volume
tubular flat
• Reduced energy consumption thanks to lower pressure
• High flux rate thanks to easy cake layer removal
Inside out outside in• Predictable effluent volume due to
defined capacity• Easy cleaning and improved
blocking prevention
CFM morphology defines an uniquely innovative solution
Source: ItN Nanovation
CFM System
Design
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All-modular, high performance system
Module and Rack Structure
�Feed-water
�Filter active layer
�Membrane body
One module amounts to 35 blades
with a total surface of 4 m²
Source: ItN Nanovation
Asymmetric membrane structureFiltration module
Single
membrane
blade
Multiple membrane blades
Filtration tower
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CFM Performance Indicators
High performancemeansS
Sdepending on applicationS
3 – 5 x Prolonged lifetime compared to other ultra filtration solutions
2 x Higher flux rate
> 50 % Less chemical ingredients for cleaning
98 % Capacity utilisation (based on 24/7)
> 50 % Lower labor cost for maintenance and operational process
> 50 % Lower energy consumption
Much higher heat, pressure and chemicaltolerance on process fluctuations
+
Source: ItN Nanovation
up to
ItN Proprietary Know-How
21
Source: ItN Nanovation
Mastery
of robust
water treatment
under real-life
conditions necessitates
a multi-disciplinary approach
Nano ceramic coating
22
1. Introduction – ItN Vision
2. Markets
3. Marketable products
− Base technology
− Applications
4. Development & growth perspective
5. Conclusions
Agenda
23
Pre
Treatment
Biological
Treatment
Precipitation /
Oxidation /
Chemical Processes
After Treatment
Sedimentation Filtration Sludge dewatering
Disinfection Water
Quality
process screeningsedimentationflotation
carbon removalphosphate removalnitrificationDe nitrification
Fe/ Mg solution dosingHMO dosing lime softeningpost chlorination
sedimentation filtration SF/UF/MF/RO
dewatering ozonizationchlorination
suspended
solids oil
and grease
sand
industrial & municipal waste water
organic
carbon
phosphorus,
nitrogen
municipal wastewater
municipal waste water municipal waste water
micro
organism
industrial & municipal wastewater
surface waterbarrage water
industrial & municipal waste watersurface & barrage water
reuse of water / irrigation / industrial feed water
iron /
manganese
radium
isotopes
well waterdeep ground water
well water deep ground water
drinking waterindustrial feed water
Ca / Mg well water deep ground water
drinking waterindustrial feed water
sludge
treatment
process
municipal & industrial waste water
disinfection well waterdeep ground water, surface water, waste water (case to case)
Key factors
for success
/ economical
benefits
maintenancecosts
maintenancecosts
chemical costs consumables
Capexmaintenanceoperationalcost (OPEX)
flux rate lifetime recovery rate CapexOpex
substa
nces to b
e r
em
ove
d
23
24
Deep Ground Water Filtration with CFM
Saudi-Arabia case study
• Starting situation: Water filtration through sand filters or polymer filters
• Problem: Conventional technology is neither efficient, nor effective. With sand filters, about 30% of the inflowing water is getting wasted. Polymer filters show frequent cloggings and blockings, causing costly downtimes. Large amounts of chemicals needed, Radium removal is still not satisfying.
• The solution: Sand filter retrofit rack containing CFM modules. 100% capacity expansion, using existing plant and installations.
• The new solution is operating smoothly since its installation two years ago.
CFM retrofit has enabled massive cost cutting
and capacity increaseSource: ItN Nanovation
CFM vs. Sand Filter: Opex
Switch to superior technology has an immediate, massive
impact on chemicals cost and footprintSource: Juffali Chemical Products & ItN Nanovation case study (2012)
0,017
0,198 0,198
0
0,058
1,399
0,0
0,5
1,0
1,5
H2SO4 Polymer NaOH Total CFMsystem
NaOH Polymer H2SO4
Chemicals opex for Fe removal, Al Kharg facility (Saudi Arabia)
(EUR million p.a.)
0
Total sand filter
Total CFM system
• Massively
reduced
chemical
footprint
• Cost
savings of
EUR 6.4
million in 5
years*
1,475
- 87 %
• Iron removal accounts for 90 % of total chemicals consumption
• Similar pattern for other metals (Mn, As)
H2SO4 H2SO4
25
CFM vs. Polymer Filter: Opex
CFM enables significant savings in all categories
0,234
2,702
1,159
0,164
0,281
0,787
1,400
0,700
0,268
0,028
0,0
1,0
2,0
3,0
Electricity Chemicals Labor Membrane TotalPolymer
Total CFM Membrane Labor Chemicals Electricity
Opex for Buraydah plant (Saudi-Arabia)
(USD million p.a.)
1,0
2,0
3,0
Total
Polymer
Total
CFM
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• Main cost
cuts in
membrane
replacement
and labor
• Savings of
USD 7.7
million in 5
years*
- 57 %
Source: ItN Nanovation
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The ItN MBBR Container
Product characteristics
• Mobile 20 ft container, delive-ring 45 m3 water/day, equiva-lent of the need for 300 PE*
• Unique combination of MBBR process and ceramic flat membranes in a standard ISO container
• Maximum effluent quality for 100% reuse of water
• Highest treatment capacity with minimal footprint thanks to compact design
• Low maintenance costs, trouble-free operation, remotely steered
Highly efficient, robust, mobile water treatment solution
Source: ItN Nanovation * person equivalents
Influent fresh water volume
reduced by 27 %
Sensible use of recycled sewage
water
Sewage water volume
reduced by 90 %
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Source: ItN Nanovation
ItN Container Value Added: Before and After
MUNICIPAL SEWAGE WATER
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1. Introduction – ItN Vision
2. Markets
3. Marketable products
− Base technology
− Applications
4. Development & growth perspective
5. Conclusions
Agenda
Evolving Solutions per Segment
30
Source: ItN Nanovation
Product Modules Racks
Water Application
OEM
Ground water
Desalination
Lime softening
����2,0 m
1,5 m
Ground water
Municipal WW ����
3,0 m
Ground water
Municipal WW
Industrial WW����
2,0 m
����
Proven starting point, attractive growth opportunities
Process
InvestmentNeed (EUR)
2013/14
2013/14
2015
2013
Ready for launch (planned)
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Geographic Sales Priorities
Deep Ground
Water
Municipal
Waste Water
Acid Mine
drainage
Water-Oil
separation
Surface
Water
Power
cooling
Saudi-Arabia/ GCC
Middle East/ Mediterranean/ North Africa
North America
Europe
Australia
Buildup of global sales network is the next objective
Industrial
����
2
2
11
11
22
secondary2
1
Expansion focus:
primary
Source: ItN Nanovation
����
32
1. Introduction – ItN Vision
2. Markets
3. Marketable products
− Base technology
− Applications
4. Development & growth perspective
5. Conclusions
Agenda
33
• CFM Systems = robust filtration system by treating deep ground water and reusing waste water
• On membranes only, CFM’s potential market totals globally USD 18 billion, still growing.
• Core segments, deep ground water and municipal sewage water treatment, show a bottom-up potential of USD 35 billion.
• Tangible value to customers: CFM capex is slightly lower, opex 57-87% lower, compared to polymer filters and sand filters.
• Container-based waste water processing offers the best price in the range of 150-3.000 person equivalents.
• Stable base of core shareholders
• Main next step: building a global sales organization, tailored to ItN’s key water treatment segments
• Aggressive and profitable growth to start in 2013
Conclusions
Thank you for your attention!
Contact
ItN Nanovation AGUntertuerkheimer Straße 2566117 SaarbrueckenGermanyTel.: +49 (0) 681 5001489Fax: +49 (0) 681 5001519e-mail: [email protected]
ItN Water Filtration is a brand of
Future-oriented Statements
This information contains statements about the future that
are based on current suppositions and estimates by the
management of ItN Nanovation AG. Future-oriented
statements are indicated by the use of words such as
“expect”, “intend”, “plan”, “foresee”, “assume”, “believe”,
“estimate” and similar expressions. These statements are
not to be understood as guarantees that these
expectations will prove to be correct. The future
development and results actually achieved by
ItN Nanovation and its affiliated companies depend on a
number of risks and uncertain factors, and may therefore
deviate considerably from the future-oriented statements.
Many of these factors lie outside ItN Nanovation’s sphere
of influence and cannot be predicted accurately, e.g. the
future economic climate and the behavior of competitors
and other market participants. No plans are in place to
update these future-oriented statements; neither does ItN
assume any particular obligation to do so.
Disclaimer
ItN Water Filtration is a brand of
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