A novel thermostable neutral proteinase, called NPS, was purified to electrophoretic homogeneity from the culture broth of Saccharomonospora canescens sp. novus, strain 5. The molecular mass was determined by SDS-polyacrylamide gel electrophoresis to be 35,000 Da. The enzyme exhibits a sharp pH optimum of proteolytic activity at pH 6.7. NPS was completely inactivated with inhibitors, typical for metalloendopeptidases, EDTA and 1,10-phenantroline, whereas the serine proteinase inhibitor PMSF had no effect. Atomic absorption measurements showed that the proteinase binds a single zinc and four calcium ions. The enzyme thermostability was characterized in the absence and presence of added calcium. Melting temperature, Tm = 77 degrees C and an activation energy, Ea, for the thermal deactivation of the excited protein fluorophores of 72.13 kJ mol-1 were calculated in the presence of 100 mM CaCl2. The Ea-value is considerably higher than those obtained for a number of proteinases from microorganisms and was explained by the thermostable structure of the enzyme. Effective radiationless energy transfer from phenol groups to indole rings was observed. 68% of the light absorbed by tyrosyl residues is transferred to tryptophyl side chains. No homology was found after comparison of the NPS N-terminal sequence, including the first 26 residues, with those of other neutral proteinases from microorganisms. In contrast to the well-known bacterial neutral proteinase thermolysin and related enzymes from microorganisms, NPS possesses arylamidase and esterase activities. Further crystallographic studies will reveal the structural reasons for this specificity. Epoxy and epithio pyranosides are inhibitors of the proteinase arylamidase activity.