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NaturalNano, Inc (OTCBB:NNAN) today announced that Sparta Armor placed its initial commercial order for its proprietary Halloysite Natural Tubes (HNT). Sparta Armor will have the exclusive right to use NaturalNano's HNT in a range of products intended to improve body armor and vehicle protection.
Jim Wemett, CEO of NaturalNano, commented, "We entered into a Joint Development and Supply Agreement with Sparta Armor which was executed in January, 2012. I am extremely pleased to receive the first commercial order from Sparta Armor and proud to contribute to improve their outstanding optimized performance armor products which enhance the personnel safety for our military and police. Both companies have worked hard to advance the product improvements enabled by our HNT to this point. We look forward to building on our relationship in the future."
J.J. Wendell, CEO of Sparta Armor, said, "Sparta's focus has been on ballistic and blast shielding products including individual body armor advancements and our work with NaturalNano has the potential to yield some of the most significant products in the history of our company." Wendell continued, "The incorporation of naturally occurring Halloysite Nanotubes (HNT) into Sparta Armor's ballistic panels negates the requirement of heavy, brittle, and expensive advanced ceramic plates by significantly increasing yield strength with no loss of elongation properties. The challenge has always been finding a highly reliable and dispersible nano-scale additive to work with our technology. NaturalNano's HNT solves this problem for us."
Sparta Armor (spartaarmor.com/thespartagroup.us/) has developed advanced materials using nanotechnology for military, industrial and civilian applications by sponsored research programs through DOD, DSO/ DARPA, and Major Defense Contractors. Their specialty is Ballistic and Blast protection with a goal of lightening the load for the war fighter and vehicle programs
NaturalNano, Inc. (OTCBB:NNAN) is a materials science company focused on developing and commercializing advanced nanocomposites. The Company is focused on additive technologies and processes, including its proprietary Pleximer that adds value to industrial polymers, plastics and composites. NaturalNano holds and/or licenses 20 patents and applications relating to Halloysite, as well as proprietary know-how for its extraction and separation processes, compositions, and derivatives. www.naturalnano.com
Cautionary Statement Regarding Forward-Looking Statements: Contains forward-looking statements regarding future events and future performance 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-K and quarterly reports on Form 10-Q 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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