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Company Funds Research Projects for Polymer Enhancement
NaturalNano, Inc. (OTCBB: NNAN) (FWB: N3N), a developer of advanced nanomaterials and extended release nanotechnologies, today announced a partnership with Philadelphia-based Rohm and Haas Company, a leader in specialty materials, to explore the development of polymers with enhanced properties. Rohm and Haas (NYSE: ROH) is funding two research projects using NaturalNano's patented processes with halloysite natural tubes (HNT™) to enable the manufacture of stronger, lighter and more flexible products. Terms of the projects were not disclosed.
NaturalNano (www.naturalnano.com) said these projects will expand the applicability of its Pleximer™ product by enhancing the properties of new polymer systems for use in a wide variety of end markets, including adhesives, coatings, electronics, and packaging. Adding HNT to these polymers could enable NaturalNano and Rohm and Haas to supply the market with advanced materials that could improve the performance of products used in the packaging and building materials industries. Experts estimate the size of the global market for packaging and building materials to be in excess of $100 billion.
"This is a great opportunity for us to continue building on our Pleximer product line, and to do it alongside a world-class materials sciences company," said Cathy Fleischer, President of NaturalNano. "These funded projects, combined with the real-world customer and commercial applications offered by Rohm and Haas, represent another major milestone in our drive toward sustained revenue and validating our investments and patents in HNT-enabled materials."
Fleischer concluded: "Our technology for creating stronger, lighter and less expensive products continues to gain traction with both OEMs and the material sciences industry. We look forward to growing our partnership with Rohm and Haas Company and developing the next generation of advanced materials."
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.
About Rohm and Haas Company
Leading the way since 1909, Rohm and Haas is a global pioneer in the creation and development of innovative technologies and solutions for the specialty materials industry. The company's technologies are found in a wide range of industries including: Building and Construction, Electronics and Electronic Devices, Household Goods and Personal Care, Packaging and Paper, Transportation, Pharmaceutical and Medical, Water, Food and Food Related, and Industrial Process. Innovative Rohm and Haas technologies and solutions help to improve life every day, around the world. Based in Philadelphia, PA, the company generated annual sales of approximately $8.9 billion in 2007. Visit www.rohmhaas.com for more information. imagine the possibilities™.
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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