NaturalNano Working With Fortune 50 Chemical Company
* Reuters is not responsible for the content in this press release.
ROCHESTER, NY, May 20 (MARKET WIRE) --
NaturalNano, Inc. (OTCBB: NNAN) (FWB: N3N), a developer of advanced
nanomaterials and extended release nanotechnologies, today announced that it has
begun work
with a Fortune 50 chemical company on two funded projects for uses of
Pleximer(TM) and their halloysite nanotube (HNT(TM)) technology. Pleximer is the
Company's additive for creating stronger, lighter and less expensive
products. One project is fabric-focused and the other is for an
adhesive-based product. Financial terms were not disclosed.
NaturalNano (www.naturalnano.com) said the fabric-focused project seeks to
increase the longevity of color dyes in fabrics, using the Company's Pleximer
and
its patented technological process to allow a more uniform dispersion of HNTs
throughout the material. This is expected to provide color dyes with a better
attachment to the fabric in order to increase color fastness.
"These projects represent additional examples of the broad range of
potential market applications for Pleximer technology," said Cathy Fleischer,
President of NaturalNano. "Working with dye-fastness is a new arena for us,
but one that we feel holds a great deal of potential."
The second project focuses on leveraging NaturalNano's industry-leading
extended release
capabilities for industrial and household adhesives. Using NaturalNano's
process that enables the filling of the hollow tube structure found in HNT, the
two
companies are exploring the potential to enhance multiple properties within
adhesives, including improving lifespan, durability and adhesion.
"Our innovative efforts in controlled release, which led to our license with
the
Naval Research Laboratory (NRL) and helped us to win innovative funding awards,
is
once again paying dividends as we have the opportunity to explore the potential
inherent in the adhesives market," Fleischer added. "This is another new and
logical market extension for us as the core desired attributes of adhesives --
strength and lifespan -- are perfect tasks for HNT nanocomposite adhesives. We
look forward to bolstering products used everyday by millions of businesses and
individuals worldwide."
Fleischer concluded: "We are excited about the potential these projects hold
for
the development of the next generation of nanotechnology-enhanced products.
These projects are a
starting point for what we hope will be a long-term relationship that can
grow to encompass numerous new technical areas."
NaturalNano noted it is contractually unable to name the Fortune 50
companyin these projects.
About NaturalNano, Inc.
NaturalNano, Inc. (OTCBB: NNAN) (FWB: N3N) is a materials science company
focused
on developing and commercializing advanced nanomaterials and extended release
nanotechnologies. Based in Rochester, NY, the Company is focused on additive
technologies and processes, including its proprietary Pleximer(TM) polymer
additive,
that add value to industrial polymers, plastics and composites, as well as
consumer
and industrial products. NaturalNano holds and licenses more than 25 patents and
applications, as well as proprietary know-how for extraction and separation
processes,compositions, and derivatives of halloysite and other nanotubes. For
more
information, visit http://www.naturalnano.com.
Cautionary Statement Regarding Forward-Looking Statements:
This press release may contain forward-looking statements regarding future
events and future performance of NaturalNano that involve risks and
uncertainties that could materially affect actual results. This
informationis qualified in its entirety by cautionary statements and risk
factors disclosure
contained in certain of NaturalNano's filings with the Securities and
Exchange Commission. The most recent annual reports on Form 10-KSB and
quarterly reports on Form 10-QSB filed by NaturalNano provide information about
these factors, which may be revised or supplemented in future reports to the
SEC on those forms or on Form 8-K. We caution investors not to place undue
reliance on forward-looking statements, and we do not undertake any
obligation to update or otherwise revise any forward-looking statements,
whether as a result of new information, future events, or other such factors
that affect the subject of these statements, except where expressly required by
law.
Contact:
Patrick Kane, Karen Keller
Lambert, Edwards & Associates
616.233.0500
pkane@lambert-edwards.com
Copyright 2008, Market Wire, All rights reserved.
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