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Italeaf: Established Numanova Srl, Newco in the field of advanced metallurgy and metal powders
PRESS RELEASE 26 JANUARY 2016
, holding company and first Italian company builder active in cleantech and smart innovation sectors, listed on on NASDAQ OMX First North, following the press release issued to the market on 18 January 2016, announces the establishment of a new company called "Numanova Srl". The new start-up will be originated by the sharing of know-how and economic and financial resources between the co-founder represented by Italeaf SpA and dr. Paul Folgarait, physicist, owner of several patents in the metallurgical sector, manager with experience in the Lucchini group, the Allied International Group, in Franchini Steels and in Centro Sviluppo Materiali.
Numanova, established as a limited liability company, has a share capital of EUR 2.35 million and will have a governance model with a board of directors that will be formed by Stefano Neri, chairman, Paolo Folgarait, executive director and general manager, and Corrado Giancaspro, CEO, and a board of auditors.
The General Manager of Numanova, , stated:
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The founders have already anticipated the future transformation of the company into "joint stock company" and the opening of capital to third party investors, to encourage industrial growth, trade activity and internationalization.
BUSINESS SEGMENTS
Numanova will be active in the production of metal powders of high-quality from metal alloys, ferrous and non, for Additive Manufacturing (3D printing), Metal Injection Molding (MIM), Hot Isostatic Pressing (HIP) and the most advanced uses in areas such as aerospace, energy, mechanical, biomedical. The company will be equipped with the most advanced production technology of metal powders based on the principle of vacuum induction furnaces and atomizers inert gas ceramic-free. It will also be introduced technologies of plasma atomization. The stages of development of the company, whose production unit will be located in the Italeaf's industrial of Nera Montoro (TR), will expect: within a very short time the start of the authorization from the competent authorities; the acquisition of production assets and facilities; their upgrading and the development of the certification and qualification; the ramp up of the production for the marketing of products.
INVESTMENT, PRODUCTION CAPACITY AND HUMAN RESOURCES
The investment plan of Numanova foresees biennial commitments totaling of Euro 12 million, with implications for employment up to speed (production in three shifts) for a total of 50 professional employees, including the human resources involved in the production, staff, sales, marketing, testing, quality , logistics, purchasing, administration, HR, HSE. The expected production capacity will be around 500 tons/year of metal powders for the field of Additive Manufacturing and for more advanced uses in areas such as aerospace, energy, mechanical, biomedical.
VISION INTERNATIONAL
The new initiative will use the productive opportunities and the corporate standing of Italeaf, a listed company on the international market at a higher technological content represented by the NASDAQ. Another strength is the Group global presence, allowing immediately to Numanova to have operating, representative offices and/or research centers in Milan, London and Hong Kong, within the Italeaf's hub at the HK the Science and Technology Park. Among the opportunities, there are also the Italeaf's facilities in the mechanical industry, activity in which the group will bring a decade of its expertise that can be repositioned in an innovative area with high growth prospects.
Numanova finally has concluded framework agreements for business collaboration and technical-scientific cooperation with world leaders in the design and production of systems Additive Manufacturing of metal powders and with companies operating in the metallurgical sector and has signed agreements with universities and research centers of national and international standing.
INNOVATION AND SUSTAINABILITY
The agreement between Italy and Mr. Paolo Folgarait will also allow the opening in the Nera Montoro industrial area of a research and development center, through the localization and the incubation of the innovative start-up Seamthesis. The activities of the task force in Nera Montoro will be particularly focused on R&D in the field of Alloy Design, metallurgy product and process, process modeling and development of product and innovative technologies for the production of metal powder for use in advanced manufacturing (eg. Additive Manufacturing, MIM, HIP, laser cladding) and surface engineering (eg. PTA).
From the point of view of sustainability and environmental contribution, Numanova will sustain the affirmation the emergence of a strongly improved business model. In particular, compared to a traditional metallurgical production, Numanova allow a reduction of the times of the internal processes of prototyping also up to 70%, a drastic reduction of the wastes (the metal powder not used for printing it can be reused after the reconditioning of powders) and, of primary importance, the possibility of making metal parts that were not possible with the traditional methods. Numanova productions also contribute significantly to the reduction of energy consumption.
www.italeaf.com
Mangold Fondkommission AB is the Certified Adviser of Italeaf on NASDAQ OMX First North.
Filippo Calisti
CFO - Italeaf S.p.A.
E-mail: calisti@italeaf.com
Mangold Fondkommission AB
Tel. +46 (0)8 5030 1550
info@mangold.se
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