Highlights:

  • New Sales Contract
    • Wastewater Treatment Plant to Be Supplied to GO Transit
  • New Sector for Revenue Generation Identified

NanoStruck Technologies Inc. (the “Company”) (CNSX:NSK) (OTCQX:NSKTF) (Frankfurt:8NSK) announces a new sales contract with Buttcon Limited, a Canadian general contractor specializing in industrial, commercial, institutional and high-rise residential construction. The Company will supply a wastewater treatment plant for Metrolinx, the public transportation agency for the Greater Toronto and Hamilton Area, which operates the regional public transit service, GO Transit.

Bundeep Singh Rangar, Chairman of the Board commented, “We are delighted to collaborate with a company that works closely with the regional public transit service for the Greater Toronto and Hamilton Area.” Today’s announcement paves the way for the Company to look at further revenue generation opportunities from the mass transit sector.

The contract is for the supply of a plant to treat wastewater at the GO Transit Halton Hills Bus Facility just outside Toronto, Ontario. The plant, which utilizes NanoStruck’s proprietary NanoPure technology, removes aliphatic and aromatic hydrocarbons, oils, grease, xylene, benzene, toluene and phosphates from detergents, all of which are present in the wastewater produced at the GO Transit facility as a result of pressure washing of buses and trucks. The objective is to meet or exceed environmental standards for the release of the water or re-use it for washing the buses.

The GO Transit Halton Hills facility operates a bus wash, a larger version of a commonly used car wash. GO Transit is the regional public transit service for the Greater Toronto and Hamilton Area (GTHA). It is an operating division of Metrolinx, an agency of the Government of Ontario, with overall responsibility for integrative transportation planning within the GTHA.

About the Company

NanoStruck Technologies Inc. is a Canadian Company with a suite of technologies that remove molecular sized particles using patented absorptive organic polymers. These versatile biomaterials are derived from crustacean shells or plant fibers, depending on how the technology is being used. Acting as molecular sponges, the nanometer-sized polymers are custom programmed to absorb specific particles for remediation or retrieval purposes. These could be to clean out acids, hydrocarbons, pathogens, oils and toxins in water via its NanoPure solutions, or to recover precious metal particles in mine tailings, such as gold, silver, platinum, palladium and rhodium.

By using patented modifications to conventional technologies and adding polymer-based nano-filtration, the Company’s NanoPure technology offers environmentally safe solutions for water purification. The Company uses Environmental Protection Agency (EPA) and World Health Organization (WHO) guidelines as a benchmark for water quality and safety to conform to acceptable agricultural or drinking water standards in jurisdictions where the technology is used.

Additionally, the Company’s technology can be used to recover precious and base metals from mine tailings, which are the residual material from earlier mining activities. By retrieving valuable metals from old tailing dumps, the Company’s NanoMet technology increases the value of existing mining assets by recovering precious metals that were previously lost.

The Company’s current business model is based on either selling water remediation plants or leasing out units and charging customers on a price per liter basis with a negotiated minimum payment per annum. For processing mine tailings, the value of precious metal recovered is shared with tailing site owners on a pre-agreed basis.

NEITHER THE CANADIAN NATIONAL STOCK EXCHANGE NOR ITS REGULATORY SERVICE PROVIDER HAS REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

FORWARD LOOKING INFORMATION

This press release contains forward-looking statements. The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe" and similar expressions are intended to identify forward-looking statements. Statements relating to "reserves" or "resources" are deemed to be forward-looking statements because they involve the implied assessment, based on certain estimates and assumptions that the resources and reserves described can be profitably produced in the future.

Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company’s Management’s Discussion and Analysis for the year ended December 31, 2013 and 2012, filed on March 2, 2014 under the Company’s profile on www.sedar.com.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME.

NanoStruck Technologies Inc.Raj Kurichh, 905-813-0900Chief Marketing Officerinfo@nanostruck.comwww.nanostruck.com

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