This Day On The Street
Continue to site right-arrow
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
TheStreet Open House

Nano Labs Corp. (CTLE) Announces Next-Generation Water Proof And Fire Resistant Coating

DETROIT, Aug. 13, 2013 (GLOBE NEWSWIRE) -- Nano Labs Corp. ("Nano Labs" or the "Company") (OTCBB:CTLE) is pleased to announce the development of the next generation of nano water proof coatings. The Company will be filing a patent application on this innovative technology. This marks another important milestone for the U.S.-based nanotechnology development company and for the execution of its coatings business strategy.

The Company believes that they have developed a path through which they may partner with industry to commercialize an innovative nano water proof hydrophobic and fire resistant product. As an important competitive advantage, the coating provides also water proof and fire protection at temperatures of up to 300 degrees Celsius.

Home fires damage about 400,000 homes, and cause just under 7 billion US dollars in direct damage annually in the United States, this product should be in every household in America.

The nano water proof and fire proof coating may be directly applied to virtually any surface, from wood to metal, and fabric often without the need to remove existing coatings. The product is a direct competitor to the water repellent Rust-Oleum Never Wet but with added fire resistant benefits.

The comparison between the products is listed below:

Rust-Oleum Never Wet  Water Proof and Fire resistant nanocoating
Solvent based and toxic  100% water based, with no solvent
2 step, requires a base and then the final layer  One step: spray and dry
Due to solvents, substrate could eventually be damaged  No damage to substrate 
Change of color or film on substrate  No discoloring 
No fire retardant  Fire retardant
Retail Price: $25.99 per 510 grams  Retail price: $9.99 per liter 

"By manipulating matter at a very small scale, we are able to create a new chemical mixture in which the strengths of this mixture are exponentially greater than the sum of the parts," stated Dr. Castano, Chief Research and Innovations Officer, Nano Labs. "The process for the development of this Hydrophobic coating makes it commercially and economically viable for use across many household applications. We are looking forward to testing with a variety of industry partners, distributors and offer all retail channels a significantly more effective, more affordable, more environmentally friendly, and easier to use application than what is conventionally available by Rust-Oleum Never Wet. There is immense potential for this coating application in industrial and residential settings worldwide."

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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

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
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs