Nanotechnology Now

Our NanoNews Digest Sponsors
Heifer International



Home > Press > NaturalNano Meets 2007 Performance Objectives, Ships First Revenue-Generating Products

Abstract:
Company Reaches Key Milestones Towards Product Commercialization

NaturalNano Meets 2007 Performance Objectives, Ships First Revenue-Generating Products

ROCHESTER, NY | Posted on January 8th, 2008

NaturalNano, Inc. (OTCBB: NNAN) (FWB: N3N), a developer of advanced nanomaterials and controlled release nanotechnologies, today announced the achievement of its performance goals for 2007, including the commercialization of the Company's patented turn-key nanocomposite additive, Pleximer™, which creates stronger, lighter and less expensive products for numerous consumer industries.

During 2007, NaturalNano (www.naturalnano.com) established three joint development agreements, achieved revenue through initial sales of Pleximer and received third-party validation of its extended release technology. The joint development agreements are expected to open numerous new markets for Pleximer, including the automotive, sporting goods, furniture and packaging industries. The agreements with Cascade Engineering, Nylon Corporation of America and a leading national packaging corporation provide a strong base from which to conduct manufacturing-scale testing and validation of the technical advantages of Pleximer.

2007 accomplishments:

-Executed three joint development agreements directed towards commercialization of polymer nanocomposites

-Executed an exclusive licensing agreement with the U.S. Naval Laboratory (NRL) covering 10 patents in several fields. This agreement, which also provides protection of its intellectual properties, opened an array of extended release applications made possible by filling the Company's halloysite nanotube technology (HNT™) with active agents.

-Began development of filled tube technology for the $300 billion personal products market and the $135 billion agrichemical industry

-Commercialized Pleximer-N™, a nylon-based nanocomposite additive, after manufacturing scale testing confirmed its ability to create stronger, more durable and flexible products while reducing weight and defects

-Achieved the Company's first revenue from the sale of Pleximer

-Received third-party validation for extended fragrance release technology from one of the world's leading personal care and household product companies

-Filed six patent applications in 2007

"2007 was a strong year for NaturalNano as we executed our plan and made important strides in nanocomposite product commercialization and revenue," said Cathy Fleischer, President of NaturalNano. "The momentum we've established will help us in 2008, as we reach a key milestone - incorporating Pleximer into consumer products."

####

About NaturalNano, Inc.
NaturalNano, Inc. (OTCBB: NNAN) (FWB: N3N) is a materials science company focused on developing and commercializing advanced nanocomposites. Based in Rochester, NY, the Company is focused on additive technologies and processes, including its proprietary Pleximer™ polymer additive, that add value to industrial polymers, plastics and composites, as well as consumer and industrial products. NaturalNano holds and licenses over 25 patents and applications, as well as proprietary know-how for extraction and separation processes, compositions, and derivatives of Halloysite and other nanotubes.

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.

For more information, please click here

Contacts:
Patrick Kane, Karen Keller
Lambert, Edwards & Associates
616.233.0500

Copyright © NaturalNano, Inc.

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Simulating magnetization in a Heisenberg quantum spin chain April 5th, 2024

NRL charters Navy’s quantum inertial navigation path to reduce drift April 5th, 2024

Innovative sensing platform unlocks ultrahigh sensitivity in conventional sensors: Lan Yang and her team have developed new plug-and-play hardware to dramatically enhance the sensitivity of optical sensors April 5th, 2024

Discovery points path to flash-like memory for storing qubits: Rice find could hasten development of nonvolatile quantum memory April 5th, 2024

Materials/Metamaterials/Magnetoresistance

How surface roughness influences the adhesion of soft materials: Research team discovers universal mechanism that leads to adhesion hysteresis in soft materials March 8th, 2024

Nanoscale CL thermometry with lanthanide-doped heavy-metal oxide in TEM March 8th, 2024

Focused ion beam technology: A single tool for a wide range of applications January 12th, 2024

Catalytic combo converts CO2 to solid carbon nanofibers: Tandem electrocatalytic-thermocatalytic conversion could help offset emissions of potent greenhouse gas by locking carbon away in a useful material January 12th, 2024

Announcements

NRL charters Navy’s quantum inertial navigation path to reduce drift April 5th, 2024

Innovative sensing platform unlocks ultrahigh sensitivity in conventional sensors: Lan Yang and her team have developed new plug-and-play hardware to dramatically enhance the sensitivity of optical sensors April 5th, 2024

Discovery points path to flash-like memory for storing qubits: Rice find could hasten development of nonvolatile quantum memory April 5th, 2024

A simple, inexpensive way to make carbon atoms bind together: A Scripps Research team uncovers a cost-effective method for producing quaternary carbon molecules, which are critical for drug development April 5th, 2024

Patents/IP/Tech Transfer/Licensing

Getting drugs across the blood-brain barrier using nanoparticles March 3rd, 2023

Study finds nanomedicine targeting lymph nodes key to triple negative breast cancer treatment: In mice, nanomedicine can remodel the immune microenvironment in lymph node and tumor tissue for long-term remission and lung tumor elimination in this form of metastasized breast cance May 13th, 2022

Metasurfaces control polarized light at will: New research unlocks the hidden potential of metasurfaces August 13th, 2021

Arrowhead Pharmaceuticals Announces Closing of Agreement with Takeda November 27th, 2020

Food/Agriculture/Supplements

$900,000 awarded to optimize graphene energy harvesting devices: The WoodNext Foundation's commitment to U of A physicist Paul Thibado will be used to develop sensor systems compatible with six different power sources January 12th, 2024

Silver nanoparticles: guaranteeing antimicrobial safe-tea November 17th, 2023

Night-time radiative warming using the atmosphere November 17th, 2023

DGIST and New Life Group launched a research project on "Functional beauty and health products using the latest nanotechnology" May 12th, 2023

Personal Care/Cosmetics

DGIST and New Life Group launched a research project on "Functional beauty and health products using the latest nanotechnology" May 12th, 2023

A Comprehensive Guide: The Future of Nanotechnology September 13th, 2018

Graphene finds new application as anti-static hair dye: New formula works as well as commercial permanent dyes without chemically altering hairs March 22nd, 2018

Programmable materials find strength in molecular repetition May 23rd, 2016

NanoNews-Digest
The latest news from around the world, FREE




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project