CEO Credentials NANO

2023 NANO Policy
Expanded management

Last year in 2022, Nano's management policy [future management] was focused on developing new products and pioneering new markets to meet the demands of carbon neutrality.

As a result, a newly developed layered catalyst was successfully installed in the Seoul complex thermal power plant, which received recognition for its outstanding performance. Additionally, Nano supplied a 75-cell high-density Honeycomb catalyst to the Paju Composite Thermal Power Plant, where it was also acknowledged for its excellent performance. Moreover, Nano made its entry into the U.S. market, securing its position as the first exporter. In December 2022, the company received a certificate from India's state-run power plant company, confirming the successful completion of the technology transfer contract. Based on the confidence gained from the achievements in product development and market expansion last year, Nano has decided to adopt an [expansion management] policy for the current year.

Taking advantage of the Ministry of Environment's R&D results, which concluded at the end of last year, Nano has initiated investments in the "Installation of Multi Function Catalyst Production Line" and the "Expansion of High-Density Honeycomb Catalyst Production Line" during the first half of this year. Furthermore, we plan to invest in expanding the facilities for layered catalyst production lines within this year. In 2022, Nano achieved a 50% increase in sales compared to the previous year, and this year, we have set an ambitious sales target that is 20% higher than the previous year.

The global energy prices and inflation have led to a resurgence of fossil fuels as energy sources, while tighter atmospheric environmental regulations have further expanded the global market for Nano's products. Additionally, the company benefits from enhanced export price competitiveness due to the strength of the U.S. dollar. Nano intends to capitalize on these business opportunities by actively entering the U.S. and Indian markets.

Ultimately, Nano aims to expand its capital investment to drive revenue and profit growth and to seize the opportunity to expand its global market presence. We have set a target of achieving 100 billion won in sales by 2025 as a result of our expansion management strategy.
Thank you.
Jan. 1, 2023 Shin Dong-woo, NANO CEO, Ph.D. Professor