DETROIT, Nov. 13, 2013 (GLOBE NEWSWIRE) -- Nano Labs Corp. ("Nano Labs" or the "Company") (OTCBB:CTLE) is pleased to announce the development of a next-generation nano coatings specifically designed for corrosion protection. The Company will be filing a patent application on this innovative technology, marketing another important breakthrough for the U.S.-based nanotechnology development company in the execution of its coatings business strategy in the oil and gas industry. The new nano coating forms an aluminized layer against moisture, oils, fuels and other chemicals. The proprietary system generates a surface effect that "pushes" the aluminum particles of micro and nano scale toward the outer layer providing a highly resistant, anti-corrosion protection coating. "This new invention is a technology-oriented protection against the corrosion phenomena taking place in the global oil industry. It has historically been characterized by high corrosion activity in all stages of production, transportation and processing," states Dr. Castano, Chief Research and Innovations Officer, Nano Labs. "In this industry, corrosive wear determines the duration and fail-safety of equipment, the duration of overhaul periods, and the expenses of equipment and repairs. The losses caused by corrosion not only include the loss of metal mass but also the loss of equipment functionality. Our coating method, wherein the pre-polymer gives insulating protection against moisture, oil, fuel and other chemicals, presents a unique protective layer against corrosion and other physical and chemical threats affecting pipelines. Further to this, many current products on the market today use unacceptable materials such as chromium salts, which in some countries have become restricted because chromium is highly toxic and a proven carcinogen. Our solution provides an alternative, environment-friendly solution to cope with corrosion in the oil industry." "Every year, billions of dollars are spent on capital replacement and control methods for corrosion infrastructure," states Mr. Bernardo Camacho, President of Nano Labs. "Preventing corrosion is crucial to protecting the environment and the economy. We believe we have a unique and innovative solution that can help address both these issues."