NaturalNano Outlook Anticipates First-Time Revenues in 2007 and Positive Cash Flow in 2008
The Company Expands on Its Polymer Additive Strategy in Quarterly Report
ROCHESTER, N.Y.--(BUSINESS WIRE)--NaturalNano, Inc. (OTCBB:NNAN) (FWB:N3N) (www.naturalnano.com), a nanotechnology and materials science company, yesterday issued its Third Quarter 10Q filing which states that it anticipates first-time revenue in 2007 and positive cash flow in 2008 from sales of its halloysite polymer additives. These projections are based on third-party validation of NaturalNano's proprietary process for creating additives for the multi-billion dollar polymer composites market.
“We believe we have an exceptional product that will enjoy rapid market acceptance by enabling the plastics manufacturer to produce lighter, stronger composites at lower cost”
Nanocomposites are the fastest growing segment in the forty billion dollar polymer composite market. This segment is estimated to more than double in size in the next four years. Analysts predict that nanoclays will be the largest component of the nanocomposite market in 2010. NaturalNano is confident that its unique clay nanotube technology is well positioned to capture a significant portion of this marketplace. “We believe we have an exceptional product that will enjoy rapid market acceptance by enabling the plastics manufacturer to produce lighter, stronger composites at lower cost,” said Cathy Fleischer, Ph.D., President and Chief Technical Officer of NaturalNano.
Plastics manufacturers currently use nanoclay additives to produce stronger, lighter composites but these improvements come at a high cost. The increased costs result from the complex chemistry and multi-step exfoliation process required to separate the clay layers to obtain good dispersion and uniform properties.
NaturalNano’s materials do not require exfoliation, and can be run on standard equipment, reducing production costs and increasing the number of manufacturers capable of participating in the fast growing nanocomposite market. NaturalNano’s product can also be mixed with a broader range of polymers, enabling these materials to be utilized in more market segments.
About NaturalNano, Inc.
NaturalNano, Inc. (OTCBB:NNAN) (FWB:N3N) is a nanotechnology and materials science company developing proprietary technologies and processes for adding competitive properties to a wide range of applications. These include industrial polymers, plastics and composites; and additives to cosmetics, personal care, and other products. NaturalNano holds and licenses over twenty patents and applications, as well as proprietary know-how for extraction and separation processes, compositions, and derivatives of halloysite and other nanotubes. For more information, please visit http://www.naturalnano.com.
Cautionary Statement Regarding Forward-Looking Statements
This press release may contain forward-looking statements regarding future events and future performance of NaturalNano that involve risks and uncertainties that could materially affect actual results. This information is qualified in its entirety by cautionary statements and risk factors disclosure contained in certain of NaturalNano's filings with the Securities and Exchange Commission. The most recent annual reports on Form 10-KSB and quarterly reports on Form 10-QSB filed by NaturalNano provide information about these factors, which may be revised or supplemented in future reports to the SEC on those forms or on Form 8-K. We caution investors not to place undue reliance on forward-looking statements, and do not undertake any obligation to update or otherwise revise any forward-looking statements, whether as a result of new information, future events or other such factors that affect the subject of these statements, except where expressly required by law.