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April 22, 2008 -- The shareholders of the Griesheim, Germany-based company neosino nanotechnologies (FRA:N1N) have decided to rename the organization adinotec AG. The move follows from a change in focus beyond nanotechnology development.
"The name adinotec stands for 'advanced innovative technologies'. On the one hand, this demonstrates that we still claim to launch new and advanced technologies onto the market, but at the same time makes it clear that in future, we shall no longer be restricting ourselves to nanotechnology," said Executive Board Chairman Edmund Krix.
The new company name will become effective as soon as it is entered in the register of companies, which normally takes 2-4 weeks. Following this, the shares will be immediately listed on the Frankfurt Stock Exchange under the new name.
Until now the company specialized in developing and marketing nanotechnology-based products, offering solutions for sectors such as the construction industry, and nanosilicea particle-based products -- including nutrition supplements, supplements for athletes, and cosmetics -- as well as in licensing and patents. The company's products include neosino Nanosiliceo-Kapseln, a supplement taken in capsule form containing minerals, silicon dioxide, magnesium and calcium in the form of nanoparticles; and neosino SPORT Nano-Liquid, a mineral supplement taken in liquid form and aimed at athletes. The company also offers shampoo, body lotion, as well as sun and after sun lotions. It has its subsidiaries in Austria and in Switzerland.
The company is listed in the Entry Standard on the Frankfurt Stock Exchange.
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