Sustainable Industrial Processing Summit (SIPS 2019) took place in Cyprus from 23th to 26th of October 2019. A special symposium was organized in honor of the distinguished work and lifetime achievements of prof. Spomenka Kobe from the Department of nanostructured materials, who is well known in the area of magnetic materials. At this conference, Dr. Nina Kostevšek was awarded the Wüthrich International Young Star Award for the outstanding performances during the early career stages. This award has been established in honour of the distinguished work and lifetime achievements of 2002 Nobel Laureate in Chemistry, Prof. Kurt Wüthrich, who is known for developing the NMR method for studying macrobiological molecules. Dr. Nina Kostevšek presented work on the development of new nanoparticle-based contrast agents for magnetic resonance imaging.