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2016-01-26

Italeaf: Established Numanova Srl, Newco in the field of advanced metallurgy and metal powders

PRESS RELEASE 26 JANUARY 2016

ITALEAF: Established Numanova Srl, Newco in the field of advanced metallurgy
and metal powders

The company will produce alloys and metal powders for Additive Manufacturing
(3D printing) and the most advanced applications in areas such as aerospace,
energy, mechanical, biomedical

* Share capital equal to € 2.35 million, Board of directors composed by
Stefano Neri (Chairman), Paul Folgarait (Executive Director and General
Manager) and Corrado Giancaspro (CEO)
* Forecast investment of Euro 12 million, and production capacity of 500
tons/
* year of metal powder, expected operating staff of around 50 employees
* The production plant will be located in the Italeaf's industrial area at
Nera Montoro (TR - Italy) and the company will have operating offices,
representative and/or research centers in Milan, London and Hong Kong
* Planned transformation into joint stock company and the opening to third
party investors. Signed agreement for technical and scientific cooperation
and trade relations with leading international players in their respective
sectors
* Towards the start of the authorization procedures

Italeaf
, 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 €
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,Paolo Folgarait
, stated:
"The production of metal powders and the research and development activity to
make new alloys are attracting interest and growing expectations on the
global market. The versatility of the techniques of powder metallurgy can
help to create complex and innovative metallic materials (and ceramic) and
introduce new forms of production in advanced sectors with high added value.
We believe, through the integration in the Italeaf group, to quickly develop
an initiative of international value that meets the needs of highly
competitive industries, which represent a new industry with high quality,
standardization and innovation
".

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.

This press release is also available on the Company website:
www.italeaf.com.

Certified Adviser

Mangold Fondkommission AB is the Certified Adviser of Italeaf on NASDAQ OMX
First North.

For further information please contact:
Filippo Calisti
CFO - Italeaf S.p.A.
E-mail:calisti@italeaf.com

Mangold Fondkommission AB
Tel. +46 (0)8 5030 1550
info@mangold.se

Italeaf SpA

, established in December 2010, is a holding company and a business
accelerator for companies and startups in the areas of innovation and
cleantech. Italeaf operates as a company builder, promoting the creation and
development of industrial startups in the fields of cleantech, smart energy
and technological innovation. Italeaf has headquarters and plants in Italy at
Nera Montoro (Narni), Terni, Milano and Lecce; has international offices in
London and Hong Kong and a research and development centre in the Hong Kong
Science and Technology Park. The company controls TerniEnergia, listed on the
STAR segment of the Italian Stock Exchange and active in the fields of
renewable energy, energy efficiency and waste management, WiSave in the
"internet of things" field, for the development and production of thermostats
and smart technologies for the remote control of electrical and heating items
of buildings managed through a cloud infrastructure, and Skyrobotic, in the
business development and manufacture of civil and commercial drones in mini
and micro classes for the professional market, Numanova, operating in the
field of innovative metallurgy and additive manufacturing and Italeaf RE, a
real estate company.

PRESS RELEASE
http://hugin.info/162089/R/1981222/725848.pdf

---------------------------------------

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Italeaf S.p.A. via Globenewswire

HUG#1981222

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