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

Stocks in this article: CTLE

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."

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