DETROIT, Aug. 15, 2013 (GLOBE NEWSWIRE) -- Nano Labs Corp. (OTCQB:CTLE) is pleased to report the Company has signed a Confidential Disclosure Agreement with Empire EMCO ( www.empireemco.com) to conduct a due-diligence on the market potential of Nano Labs' innovative nanotechnology which traps the active ingredients in clothes softeners, releasing them in a slower and more controlled manner in fabrics and clothes. The new nanotechnology increases the long-lasting effects and requires less of the active chemicals thus making it more a cost-effective and environmentally friendly technology, as was previously announced on July 9, 2013. Empire EMCO's National Director of Consumer Innovations, Gary Ashe, states, "We thrive on creating value between products and consumers. This new technology answers a number of consumer problems in the marketplace today and we believe we can work together to help bring this to market. We view ourselves as more than suppliers. We embrace collaborative partnerships which bring innovative opportunities to the forefront." Empire EMCO and Gary Ashe have received numerous accolades and patents for their consumer products, including Procter & Gamble's Mr. Clean Magic Eraser, Crayola's no-mess series of art tools for children, and BIC Wite-Out, among others, having achieved these successes working with companies throughout North and South America, as well as Europe. Mr. Bernardo states, "Empire is a perfect partner for us. Gary and his team have extensive experience in the areas of Packaging, Household, Personal Care, and the Pharmaceutical markets. We see them as a leader in packaging needs and goods, and driving innovation and product design. We look forward to working with them to deliver our joint solutions to market partners for global distribution." Fabric softeners are short-term chemical solutions that provide clothes, fabrics and textiles, during the washing and rinsing cycles, with the benefits of "smooth feeling" and "fresh scent". One of the reasons (among other technical issues) for the short-term effects of these benefits is the cost of the active ingredients. Typically the cost of these active ingredients in the chemical solution is very expensive, so the concentrations offered are low and therefore the effect less noticeable.
Our technology makes use of nanoparticles that "trap and hold" the softener's active ingredients and then release them in a controlled manner. The result is a longer-lasting effect with less of the active chemicals required. The greater effect and cost benefits make this an innovative and economically effective technology."Fresh scent in fabric softeners is a very important characteristic of these consumer products," states Dr. Castano, Chief Innovations Officer at Nano Labs. "It provides the essence of freshness - like your clothes were just cleaned. The problem with the current technologies, however, is that scent is a very short-term effect - a few days at most and then it disappears. The problem with increasing the concentration of scent, which would seem a logical alternative, is both in the added cost of these active ingredients and the problem of inducing allergic reactions with sensitive individuals. Our solution is based on nanoparticle technology that controls the release of the scent, allowing the benefit of several weeks of the desired fresh effect and at lower concentrations of active materials in a water soluble and safe substance. This makes it both a cost-effective and an environmentally friendly approach." From a business perspective, Mr. Bernardo Chavarria, President of Nano Labs comments, "We are an innovation company balancing the needs of today's businesses and consumers. Businesses are looking for innovative ways to shrink costs, by using less active ingredients and grow their bottom line. Consumers are always looking for better products. We are focused on providing both. Our research in this category indicates that consumer's primary motivators are performance products that offer added convenience and build strong value. In an age of people switching to high-efficiency washers and time-release tablets, we think we can bring the added convenience of washing less while still controlling odors. According to a recent Nielsen study, total sales of laundry detergent were over $7.44 billion in the US alone last year. Given that we can apply the same technology adapted to fragrance-free, we believe there is definitely a global market for this innovation."
About Nano LabsNano Labs Corp. (CTLE) is a nanotechnology research and development company which began in October, 2012, but is able to access resources that encompass nearly 30 years of research and development in nanotechnology as well as hundreds of peer-reviewed and published research papers and other scholarly material. Our Company's research and development team of scientists, designers, and engineers is focused on creating a portfolio of advanced products that could provide benefits to a variety of industries including: (i) consumer products, (ii) energy, (iii) materials, and (iv) healthcare. Through the use and integration of proprietary nano compounds, our goal is to evolve common products into new, revolutionary products in order to make the world a better place. Nano Labs shares are traded on the OTC Bulletin Board in the United States under the ticker CTLE. For more information, please visit www.NanoLabs.us. The Nano Labs Corp. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=16293 Forward looking statements This press release contains forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1993 and Section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those laws. These forward-looking statements are based upon a number of assumptions and estimates that are subject to significant uncertainties that involve known and unknown risks, many of which are beyond our control and are not guarantees of future performance. Actual outcomes and results could materially differ from what is expressed, implied, or forecasted in any such forward-looking statements and any such difference may be caused by risk factors listed from time to time in the Company's news releases and/or its filings with the OTC Bulletin Board or as a result of other factors.
CONTACT: Nano Labs Corp. Bernardo Camacho Chavarria President 1 (888) 806-2315