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Innovative Material Replaces Traditional Additive in Industry-Leading Office Furniture
NaturalNano, Inc. (OTCBB: NNAN) (FWB: N3N), a developer of advanced nanomaterials, today announced that Noble Polymers, a division of Cascade Engineering, has purchased the Company's innovative HNT material to be used to produce ten tons of its nanocomposite, Pleximer™. Cascade Engineering is a multi-business manufacturer, marketing to a variety of industries such as automotive, commercial truck and bus, solid waste and recycling, furniture and renewable energy, including the estimated $40 billion polymer composites industry.
Tim Patterson, General Manager of Noble Polymers said: "Our joint development effort with NaturalNano has resulted in a product that is stronger, lighter and less expensive and will enable Cascade to offer a superior molded product first in office furniture products and then in other markets and applications. Our joint work with NaturalNano over the past year has given us additional insight into the scope of both their technological processes and development expertise, and we are pleased to be an early adopter in bringing this innovation to our products and customers."
"This sale is a major milestone in the product development process we began with Cascade more than a year ago," said Cathy Fleischer, President of NaturalNano. "By utilizing Pleximer's unique characteristics in surface quality, durability enhancement and weight reduction in concert with Cascade's leading compounding and molding capabilities, we expect to directly impact the performance of a wide variety of industrial and consumer products."
NaturalNano noted the current shipment represents the initial manufacturing-scale sale of Pleximer to Cascade Engineering. The Company expects to continue to provide material as the two companies work to jointly develop accreditation testing, application definitions and formula optimization that will be used to produce Pleximer-based products.
About NaturalNano, Inc.
NaturalNano, Inc. (www.naturalnano.com) (OTCBB: NNAN) (FWB: N3N) is a materials science company focused on developing and commercializing advanced nanocomposites 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 over 25 patents and applications, as well as proprietary know-how for extraction and separation processes, compositions, and derivatives of Halloysite and other nanotubes.
About Cascade Engineering:
Based in Grand Rapids, Michigan, Cascade Engineering is a multi-business manufacturer, marketing to a variety of industries such as automotive, commercial truck & bus, solid waste & recycling, furniture and renewable energy. The Company is a leader in engineered plastic systems and components for the solid waste, automotive and industrial markets. The Company also produces components for OEM customers as well as Cascade Engineering branded products. Cascade Engineering is also widely recognized for its sustainable business and management practices. For more information, please visit www.cascadeng.com
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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