Nano Labs Signs Collaboration Agreement With Nanotex(R)
October 09 2013 - 12:26PM
Nano Labs Corp. (OTCQB:CTLE) is pleased to announce today the
Company has signed a Collaboration Agreement with Soluciones
Nanotecnologicas, S.L., (Nanotex®) Spain to launch an Industrial
Applications Development Program (IADP) to design and develop new
industrial applications suitable for commercialization of "nano
scale magnetic particles."
The Collaboration Agreement outlines the establishment of a
joint work group for the purpose of creating a consistent product
which addresses the growing market share worldwide in the nano tech
magnetics industry.
The Companies are currently working together to fast-track the
exchange of technical information necessary for the initial
testing, and outline the commercial scope and market niches.
The Companies will work together to develop and commercialize
nanomagnetic technology, patents, utility models, industrial
designs, for industrial and commercial applications. All Technical
Information in the form of test and performance data from tests of
samples provided under this Agreement shall be the jointly owned
property of the Companies.
"In developing this joint venture, our goal was to accelerate
the commercialized development of consistent nano-scale magnetic
particles and products in this rapidly evolving sector. We envision
that our partnership will be well positioned to launch new
magnetics-based nanotechnologies in the electronics, biomedicine
and diagnostics industries," states Mr. Bernardo Chavarria,
President of Nano Labs.
About Nanotex® Soluciones Nanotecnologicas
S.L.
Established in 2007, Soluciones Nanotecnologicas S.L. (Nanotex®)
is a spin-out company of the Solutex Group. The Company has
developed in-house technologies for the industrial production of
superparamagnetic nanoparticles. Due to their extraordinary
physicochemical characteristics, superparamagnetic nanoparticles
represent a breakthrough in several fields like cosmetics,
automobiles or aeronautics. The Company focus is on Innovative
Medical Solutions and Ecological Solutions. For more information,
please visit http://www.enanotex.com.
About Nano Labs
Nano Labs Corp. (CTLE) is a nanotechnology research and
development company which began during October 2012, but is able to
access resources that encompass nearly 30 years of research and
development in nanotechnology as well as hundreds of peer-reviewed
and published research papers and other scholarly material. The
Company's research and development team of scientists, designers,
and engineers is focused on creating a portfolio of advanced
products that could provide benefits to a variety of industries
including: (i) consumer products, (ii) energy, (iii) materials, and
(iv) healthcare. Through the use and integration of proprietary
nano compounds, our goal is to evolve common products into new,
revolutionary products in order to make the world a better place.
Nano Labs shares are traded on the OTC Bulletin Board in the United
States under the ticker CTLE. For more information, please visit
www.NanoLabs.us.
The Nano Labs Corp. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=16293
Forward looking statements
This press release contains forward-looking information within
the meaning of the Private Securities Litigation Reform Act of
1995, Section 27A of the Securities Act of 1993 and Section 21E of
the Securities Exchange Act of 1934 and is subject to the safe
harbor created by those laws. These forward-looking statements are
based upon a number of assumptions and estimates that are subject
to significant uncertainties that involve known and unknown risks,
many of which are beyond our control and are not guarantees of
future performance. Actual outcomes and results could materially
differ from what is expressed, implied, or forecasted in any such
forward-looking statements and any such difference may be caused by
risk factors listed from time to time in the Company's news
releases and/or its filings with the OTC Bulletin Board or as a
result of other factors.
CONTACT: Nano Labs Corp.
Bernardo Camacho Chavarria
President
1 (888) 806-2315