This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Nano Labs Signs Letter Of Intent With Resinas BYR For Manufacture And Distribution Agreement Of Nano Paint

DETROIT, Feb. 1, 2013 (GLOBE NEWSWIRE) -- Nano Labs Corp. (OTCQB:CTLE) is pleased to announce today the Company has signed a Letter of Intent with Resinas BYR for the manufacturing and distribution of the Company's NC2012, a proprietary nano thermal insulation paint coating.

The Letter of Intent outlines the establishment of a strategic alliance for manufacturing and distribution of the Company's proprietary paint coating under an industrial licensing agreement for the United Mexican States.

Both companies are currently working together to jointly facilitate the exchange of technical delegations to provide the necessary cooperation and training required to ensure the success of the venture.

"We are currently coordinating schedules for workshops to facilitate the technology transfer and enable a proper assessment of the requirements for inputs and processes to make the corresponding scaling up of the formulations and meet production standards," states Mr. Bernardo Chavarria, President of Nano Labs. "We are very excited about the prospects in Mexico. Resinas BYR is one of Mexico's premier paint and coatings producers with a production capacity of 394,000 gallons per month. Tapping into this pipeline in a turnkey scenario with both manufacturing and distribution is a winning partnership for us. This will allow us to enter the Mexican and US markets, and we expect to generate revenues in the next quarter."

"Of particular note in Mexico, the potential to reduce air-conditioning related costs by as much as 50% is a strong commercial driver. We are very excited about the prospect of commercialization in hotter climates, where in some marketplaces customers don't have ready access to energy, and could use the nano paint on rooftops to dramatically decrease indoor temperatures. The coating isolates temperatures outside of structures for the maintenance of pleasant inside temperatures. As well, the coating is an excellent waterproof protectant and fire retardant."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,630.27 +189.68 1.09%
S&P 500 2,093.25 +25.61 1.24%
NASDAQ 5,089.2060 +49.43 0.98%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs