NaturalNano Announces Development Partnership With Global Cosmetics Supplier Fiabila, S.A.
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ROCHESTER, NY, Jun 19 (MARKET WIRE) --
NaturalNano, Inc. (OTCBB: NNAN) (FWB: N3N), a developer of advanced
nanomaterials and extended release nanotechnologies, today announced that
it has entered into an exclusive development and testing agreement with
global cosmetics supplier Fiabila, S.A. to explore the use of halloysite
natural tubes (HNT(TM)) in nail polish and other nail-care products.
France-based Fiabila is one of the world's leading private label
manufacturers of nail enamels for the industry's top brands.
"Working with Fiabila to enter the $295 billion personal products industry
is a tremendous opportunity for us to leverage the strengths of our
naturally occurring, environmentally friendly HNT technology," said Cathy
Fleischer, President of NaturalNano. "This agreement, which includes
granting Fiabila a world-wide exclusive license to our processes for nail
polish and nail-care products, serves as further validation of our
business model and represents a long-term, sustained revenue opportunity."
Fleischer continued: "Given Fiabila's desire to rapidly integrate new
technology into their factories in five countries, we expect to have an
immediate impact on the global cosmetics market and on the performance of
nail-care products. With Fiabila as our newest strategic partner, we
expect to see significant and widespread adoption, acting on our
commitment to develop the next generation of HNT-enhanced consumer
products."
NaturalNano (www.naturalnano.com) also said it has entered into a material
supply agreement with Fiabila for HNTs and filled HNTs. Financial terms of
the agreements were not disclosed.
Pierre Miasnik, President of Fiabila, commented: "Fiabila's mission has
always been to provide only the highest quality product experience to our
customers. This agreement is not only a reaffirmation of that mission, but
also of our long-standing commitment to using natural ingredients in our
products. In addition, NaturalNano's technology will enable us to continue
pushing the cosmetics envelope by developing innovative products that will
keep Fiabila on the leading edge of our industry."
NaturalNano said the development project focuses on the use of the
Company's patented processes to incorporate HNTs into nail polish and
other nail-care products to enhance attributes such as product durability
and overall performance. HNTs are naturally occurring, non-toxic and have
a hollow tube structure unique to halloysite clay. In addition to
developing processes to enhance Fiabila's core products, NaturalNano is
exploring the creation of longer-lasting and more brightly colored nail
polish through its proprietary extended release technology, which
incorporates filled HNTs. NaturalNano's patented technology enables the
filling of the environmentally friendly hollow tubes with a variety of
additives that can be released slowly over time, extending the life and
effectiveness of a wide variety of consumer-oriented products.
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.
About Fiabila
Created in 1977, Fiabila is one of the largest private label manufacturers
of nail enamel, nail care and nail polish removers. Fiabila's mission is
to delight and excite consumers through a permanent commitment to quality
and innovation in terms of formula, shade development and manufacturing
processes. Fiabila, by controlling all aspects of the production process,
epitomizes reliability and safety and offers only the highest performing
products to customers in all sectors of the cosmetics industry.
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 information is
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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