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Nano Labs Announces Nano Paint Coating Patent Update

DETROIT, Nov. 8, 2013 (GLOBE NEWSWIRE) -- Nano Labs (OTCBB:CTLE) is pleased to announce the Company has amended and updated the patent for the Company's next-generation coating (previously announced on November 13, 2012).

This new application claims priority of US provisional patent application 31/720,716, filed on October 31, 2012.

The new coating has improved resistance to environmental conditions such as UV and IR radiation, acid rain, fungi and bacteria, corrosion and oxidation, and cold and heat (providing fire and heat protection at temperatures of up to 1,500 degrees Celsius (2,732 Fahrenheit) for the case of solvent-based and up to 1,200 degrees Celsius (2,192 Fahrenheit) for water-borne versions).

Three significant advancements in the patent application include the areas of flame retardant and heat protection, improved rheology modifiers (for both solvent and water-based versions), and the coatings anti-bacterial properties.

The nano thermal insulation coating outlined in the provisional patent may be directly applied to virtually any surface, from wood to metal, often without the need to remove existing coatings. The nano thermal coating is also resistant to corrosion, rust, water, and oxidization — making it particularly durable, as does its capability of reflecting up to 82% of ultraviolet rays that, over time, can contribute to deterioration involving structural materials such as plastics and PVC. The coating protects against acid rain, does not emit or retain odors, is particularly effective as a barrier against toxic materials such as anti-bacterial and anti-fungal, and displays auto-wash properties in the rain while maintaining a shimmering clear or white color.

"Our nanotech coatings are suitable for applications on a wide variety of materials including metal, cement, bricks and wood, and may be used in anything from buildings, car parks and roads, to refineries and pipelines. Our coatings are commercially and economically viable for use across all industry applications, " states Mr. Bernardo Camacho, President of Nano Labs. "In fact, we are installing one of our first commercial applications in the first quarter of next year with Pemex at their Francisco I. Madero Refinery, Mexico. As our flagship commercial product entering the market, we believe it is commercially strong and diverse. There is immense potential for this coating's application in industrial and residential settings worldwide and we are continuing to test with a variety of industry partners, distributors and government bodies. I am very bullish on the future outlook of our nano coatings in the global marketplace."

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