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."
The Company plans to release further information and the physical and chemical properties in the coming weeks. For immediate additional information, please contact Mr. Bernardo Camacho, President of Nano Labs.About Nano Labs Corp. Nano Labs Corp. (the " Company") (OTCBB Ticker Symbol "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: Mr. Bernardo Camacho Chavarria President, Nano Labs 1 (888) 806-2315