June 14th, 2010, Helsinki (FI) and Boulder (CO, US)

Beneq, leading provider of new industrial equipment and technology based on atomic layer deposition (ALD) equipment, and ALD NanoSolutions, renowned developer of ALD processes and applications, including proprietary Particle ALD™ and Polymer ALD™, have today signed a letter of intent (LOI) for future collaboration.

The collaboration is intended to provide a framework for the two companies to work together in developing ALD for particles and powders. ALD NanoSolutions has extensive experience in developing ALD as a process for particulate matter, and holds an impressive patent portfolio in the field. Beneq draws on its acknowledged know-how in turning processes and applications into full-size production equipment. By combining their deep knowledge of ALD, the collaboration offers customers an unmatched global center of excellence in the field. Together, these two companies will bring Particle ALD™ to the market as mature technology, economically feasible applications and robust and reliable equipment.

In the words of Sampo Ahonen, Beneq CEO: “This collaboration is a welcome addition to the growing ALD expertise of Beneq. Beneq, primarily being an equipment manufacturer, will benefit greatly from the input from ALD NanoSolutions. With this agreement, Beneq is taking a decisive step into the realm of particle and powder ALD, a field we see great potential in and in which we want to grow and serve our customers. The first focus applications for particle and powder ALD will be in the area of Li-ion batteries and new materials. Of all the ALD manufacturers in the world today, it is truly gratifying to be the one ALD NanoSolutions, the forerunner in advanced ALD powder applications today, chose to partner with.”

Jeff Lints, ALD NanoSolutions Vice President, commented further: “We are excited that this collaboration with Beneq will provide our mutual customers with a total solution, something we have heard from them for some time. ALD NanoSolutions will continue to meet customers’ immediate and long term material and material development needs, while Beneq’s outstanding reputation in providing reactor systems will give our customers the opportunity to develop their applications with the technology in a cohesive and seamless manner.  The collaboration will offer customers faster development cycles and economical advantages to compete with in their marketplace.”

About Beneq

Beneq Oy, based in Finland, is a supplier of equipment and coating technology for global markets. Beneq turns innovations into success by developing applications and equipment for cleantech and renewable energy fields, especially in glass, solar and emerging thin film markets. Coating applications include optics, barriers and passivation layers, as well as energy generation and conservation. Beneq also offers complete coating services. The coating applications of Beneq are based on two enabling nanotechnology platforms: Atomic Layer Deposition (ALD) and aerosol coating (nHALO® and nAERO™).

About ALD NanoSolutions

As the leader in digital coating solutions for composite materials, ALD NanoSolutions (ALDN) is dedicated to bringing next generation performance to materials used across a wide range of industries. ALDN’s mission is to accelerate the commercial success of its customers by delivering superior materials solutions based on its proprietary atomic layer deposition platform.

Beneq and nHALO are registered trademarks of Beneq Oy. nAERO is a trademark of Beneq Oy. Particle ALD and Polymer ALD are trademarks of ALD NanoSolutions, Inc.