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|