Home > Press > NaturalNano Working With Fortune 50 Chemical Company: Begins Two Funded Projects
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™ and their halloysite nanotube (HNT™) 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 Working With Fortune 50 Chemical Company: Begins Two Funded Projects
ROCHESTER, NY | Posted on May 20th, 2008
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 company in 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™ 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.
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.
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Patrick Kane, Karen Keller
Lambert, Edwards & Associates
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