DETROIT, MI -- (Marketwire) -- 11/13/12 -- Nano Labs Corp. ('Nano Labs' or the 'Company') (OTCBB: CTLE) is pleased to announce it has been issued a provisional patent for a next generation nano thermal insulation coating. The Company believes that the filing of this application marks an important milestone for the U.S.-based nanotechnology development company and for the execution of its business strategy.
With the filing of the patent application complete and the provisional patent issued, the Company believes that they have developed a path through which they may partner with industry to commercialize an innovative nano thermal insulation product. As an important competitive advantage, the coating provides also fire and heat protection at temperatures of up to 1,500 degrees Celsius.
The nano thermal insulation coating outlined in the provisional patent may be directly applied to virtually any surface, from wood to metal, often without the need to remove existing coatings. The nano thermal coating is also resistant to corrosion, rust, water, and oxidization -- making it particularly durable, as does its capability of reflecting up to 82% of ultraviolet rays that, over time, can contribute to deterioration involving structural materials such as PVC.
The Company asserts that the coating protects against acid rain. Further the Company contends that the product: (i) does not emit or retain odors, (ii) is particularly effective as a barrier against toxic materials, (anti-bacterial, and anti-fungal) and (iii) displays auto-wash properties in the rain while maintaining a shimmering clear or white color.
'By manipulating matter on a very small scale, we are able to create a new chemical mixture in which the strengths of this mixture are exponentially greater than the sum of the parts,' stated Dr. Victor Castano, Chief Research and Innovations Officer 'Nano Labs' process for the development of this coating makes it commercially and economically viable for use across all industry applications. As our first product entry, we believe it is commercially strong and diverse. We are looking forward to testing with a variety of industry partners, distributors and government bodies and offer all retail channels a significantly more effective, more affordable, more environmentally friendly, and easier to use application than is conventionally available. There is immense potential for this coating's application in industrial and residential settings worldwide.'
Mr. Bernardo Camacho, President of Nano Labs, stated, 'The nano coating can serve as an insulation agent to reduce energy costs, protecting against overheating, corrosion, and microbial growth, especially in a hot and humid environment. We believe this promises significant savings in air-conditioning costs when applied as an exterior coating. As a 'radiant barrier,' it has the potential to change the rate of heat transfer by reflecting the solar radiation that would otherwise be absorbed by the material underneath the coated surface. As a result, this material has the potential to reduce air-conditioning related costs by as much as 40%,' Mr. Camacho explained.
'All told, our successful filing represents a significant achievement for us. Our nanotech coating is competitively positioned as a better practical and economic alternative to industrial thermal coatings and paints currently used in the marketplace,' Mr. Camacho concludes. 'Our job now is to work with industry to bring this innovative solution to the marketplace.'
About Nano Labs Corp.
Nano Labs Corp. (the ' Company') (OTCBB Ticker Symbol 'CTLE') is a nanotechnology research and development company which began during October 2012, but is able to access resources that encompass nearly 30 years of research and development in nanotechnology as well as hundreds of peer-reviewed and published research papers and other scholarly material. The Company's research and development team of scientists, designers, and engineers is focused on creating a portfolio of products of advanced products that could provide benefits to a variety of industries including: (i) consumer products, (ii) energy, (iii) materials, and (iv) healthcare. Through the use, and integration of proprietary nano compounds, our goal is to evolve common products, into new, revolutionary products, in order to make the world a better place. Nano Labs shares are traded on the OTC Bulletin Board in the United States under the ticker CTLE. For more information, please visit www.Nanolabs.us
Forward looking statements
This press release contains forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1993 and Section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those laws. These forward-looking statements are based upon a number of assumptions and estimates that are subject to significant uncertainties that involve known and unknown risks, many of which are beyond our control and are not guarantees of future performance. Actual outcomes and results could materially differ from what is expressed, implied, or forecasted in any such forward-looking statements and any such difference may be caused by risk factors listed from time to time in the Company's news releases and/or its filings with the OTC Bulletin Board or as a result of other factors.
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