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2016-07-20

Italeaf: green light from the local authorities to the Numanova's facility for metal powders production

PRESS RELEASE 20 JULY 2016

ITALEAF: green light from the local authorities to the Numanova's facility
for metal powders production. Subscribed the capital increase of Euro 0.65
million

* The resolution of unique environmental license (AUA) n. 4/2016 released by
the Municipality of Narni will enable the activities of production of metal
powders for the additive manufacturing and special and advanced
applications
* At Nera Montoro (TR) eco-industrial park it will be installed two melting
and gas atomization industrial plants of metal alloys
* The new Numanova share capital amount to Euro 3 million. Italeaf has a
corporate share of 85%.

Numanova, a company active in the production of high quality metal powders
from ferrous and not ferrous metal alloys for the additive manufacturing
industry and the more advanced applications in areas such as aerospace,
energy, mechanical, biomedical, part of the Italeaf group, announces that,
with the executive resolution by the Municipality of Narni (TR) n. 4/2016,
was issued the "unique environmental license (AUA)" related to the emissions
from the production plant of metal powders for the additive manufacturing and
special and advanced applications, which will be installed at the industrial
area of Nera Montoro (TR).

In particular, obtaining environmental authorization together with those of
the Fire Prevention (CPI) by the Command of Terni Fire Department, Numanova
is entitled to launch its investment program for the acquisition and
installation of production facilities for metal powders with high quality
obtained from ferrous metal and non ferrous alloys to be used in Additive
Manufacturing (3D printing), Metal Injection Molding (MIM), Hot Isostatic
Pressing (HIP), PTA, laser cladding for the most advanced industrial sectors
such as aerospace, energy, automotive, mechanical, biomedical, luxury
industry. The company will be equipped with the most advanced production
technology of metal powders by atomization gas, vacuum induction casting
ceramic-free. These technologies have a reduced environmental impact and high
intrinsic safety levels.
For the development of the production plant it has been selected the
eco-industrial area of Nera Montoro (TR), an ideal facility for industrial
applications, with a broad portfolio of permits and authorizations, technical
gas piping systems from a landline and already operational infrastructure as
industrial and office building, energy, water, technical gases, logistics,
warehouse.
In the Numanova factory will be installed 2 different type of plants:

* EIGA (Electrode Induction-melting Inert Gas Atomization), advanced process
for the production of metal powders from titanium and aluminum alloys,
refractory materials, ceramics and precious metal alloys for special
applications (eg. HIP, MIM) and Additive Manufacturing;
* VIGA (Vacuum Induction-melting Inert Gas Atomization), advanced process for
the production of ferrous metal powders and alloys of nickel, cobalt and
zirconium for special applications (eg. HIP, MIM) and Additive
Manufacturing.

Italeaf announces, finally, that the capital increase, divisible to be offered
to the shareholders of Euro 0.65 million, through the issue of new n. 650,000
no par value shares, was fully subscribed to plan the growth of the
productive activities of Numanova. Upon completion of the capital increase,
Numanova has a share capital of Euro 3,000,000 fully subscribed. Numanova
currently has 23 shareholders; the company's shareholder structure is as
follows: Italeaf S.p.A. 85%, other shareholders 15%

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/2029500/754643.pdf

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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#2029500

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