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 And Grupo Metal Intra (GMI) Sign Non-Disclosure Agreement

DETROIT, Aug. 12, 2013 (GLOBE NEWSWIRE) -- Nano Labs Corp. (OTCQB:CTLE) is pleased to announce today the Company has signed a Non-Disclosure Agreement (NDA) with GMI of Mexico.

The NDA will allow GMI access to Nano Labs' proprietary nano coatings technologies for testing and product integration purposes by its wholly owned subsidiary CENTRO DE INNOVACIÓN E INVESTIGACIÓN DE SISTEMAS PARA LA EDIFICACIÓNY ENERGÍAS RENOVABLES, S.A.P.I. DE C.V. .

GMI's interest in Nano Labs' nano coatings products lie in the areas of insulating fire retardant, waterproof protection, and the proprietary anti-graffiti, self-cleaning paint.

"We are delighted to begin working together with GMI," states Mr. Chavarria, President of Nano Labs. "They are a leading provider of building turnkey projects in the residential, educational and Industrial sectors" with clients such as Wal-Mart, AeroMexico and Delta.

Concurrent to GMI's review and testing of the products, the companies are working together to establish a Joint Venture Agreement which would outline the strategic commercialization of these product lines. The Joint Venture would be designed to drive sales for both companies allowing Nano labs to leverage GMI's existing infrastructure, clientele, and distribution network.

About GMI Grupo GMI Group is a leader in Mexico and Latin America providing infrastructure development for the educational, commercial, industrial and residential building markets. GMI is a Mexican consortium with companies that for more than 50 years has worked together and established themselves as a leading provider of building technology, products and services. With modern industrial equipment and machinery and the latest technology, GMI applies the most advanced production processes, achieving productivity and quality of the highest levels. GMI's Research and Development department evaluates new products in addition to prototyping building models. GMI is strategically located in the states of Querétaro, Jalisco, Nuevo Leon, Oaxaca and Chiapas, allowing easy access to major distribution centers in Mexico. For more information please visit http://www.gmi.com.mx/ .

About The Paint Industry in Mexico

According to the National Association of Manufacturers of Paints and Inks (ANAFAPYT), Mexico is, after Brazil, the largest producer of paints and coatings in Latin America, with a reputation for high-end products and technology, and internationally recognized standards.

1 of 3

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

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs