DETROIT, Aug. 28, 2013 (GLOBE NEWSWIRE) -- Nano Labs Corp. (OTCQB:CTLE) is pleased to announce the Company is sponsoring the use of its self-cleaning and fireproof coating applications in the Panam GP Series – Supported by the Ferrari Drivers Academy (FDA). Nano Labs' proprietary self-cleaning and fireproof coatings are transparent, one-step applications, that will waterproof and fire-proof vehicles up to 300 degrees Celsius (572 degrees Fahrenheit). The Ferrari Formula 3 team will be testing these products on their car glass and body structure against fire. The key advantage of the Nano Labs' coatings lies in the 100% water-based solution that uses no solvents. Current products on the market typically include strong solvents (such as acetone and methyl acetone), which is proven to eventually damage the substrate. Further, these competitive products are not conducive to multiple layers. The Nano Labs' coatings can be applied an unlimited amount of times in case the surface is damaged or is in need of repair. Nano Labs' will be showcased on the team's uniforms and vehicles, providing the company with TV exposure in all Latin America. "We are proud to collaborate with the Panam GP Series, supported by the Ferrari Drivers Academy and team of engineers. Mexico and Latin America have a growing and enthusiastic sport racing culture which we are proud to recognize and support," states Mr. Bernardo Camacho, President of Nano Labs. "The process of working with the team here shows the commercial and economic viability of our coating products and their versatile applications. This is another important milestone for us in the execution of our coatings business strategy." About the Panam GP Series - Supported by Ferrari Driving Academy The Panam GP Series is a Latin American championship in Formula Abarth, and has the backing of the FIA and the support of the Ferrari Driver Academy. The Panama GP Series is a stepping stone to Formula 3 and GP3 for drivers coming from karting or junior formulae. The top finishers in the championships have the opportunity to work with the Ferrari Drivers Academy engineers. Panam GP Series operates in Mexico, Central and South America. For more information, please visit http://www.panamgp.com. About Nano Labs Nano Labs Corp. (CTLE) is a nanotechnology research and development company which began during 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. The 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