NaturalNano Runs Successful Machine Scale Trial
Validates Nanocomposite Property Advantage of its Halloysite Clay Nanotube Technology
ROCHESTER, N.Y.--(BUSINESS WIRE)--NaturalNano, Inc. (OTCBB: NNAN) (FWB: N3N) (www.naturalnano.com), a materials science company, today announced the successful result of the company’s first manufacturing-scale-trial of its halloysite clay nanotube technology, which is being developed as an additive to improve the strength characteristics of plastics. The trial was run as a machine scale validation of the Company’s previous benchtop work done at Cornell University.
“The successful results are a great start, well aligned with our strategy of entering into a joint development agreement with a strategic partner in the first quarter of 2007.”
The Company is creating a line of turn-key nanocomposite additives enabling stronger, lighter materials for the $40 billion dollar polymer composite industry.
The trial was conducted independently at the leading edge facilities of a large-scale plastics manufacturer. The results demonstrated excellent runability on conventional equipment, and corroborated the Company’s previous lab tests showing the additive’s ability to increase a plastic’s strength, while improving ductility and flexibility.
“This trial is a benchmark toward commercializing our Pleximer product line, which is innovative in its use of our halloysite nanotube technology," stated Cathy Fleischer PhD, President and CTO of NaturalNano. "The successful results are a great start, well aligned with our strategy of entering into a joint development agreement with a strategic partner in the first quarter of 2007.
“We believe the market advantage of our additive is that it will allow composite manufacturers to produce affordable nanocomposite plastics for the first time,” Dr. Fleischer continued. The nanocomposite market segment is estimated to more than double in size in the next four years. However, many manufacturers to date have been unable to produce nanocomposite plastics because of the necessary up-front investment in expensive, specialized equipment and the complex chemistries involved in the process.
“By contrast, our additive can be used with standard processes and equipment, and provides a stronger, lighter, and more uniform output. We believe this could greatly increase the number of manufacturers capable of participating in this fast growing industry,” Dr. Fleischer stated. NaturalNano’s technology can also be utilized with a broader range of polymers, enabling a wider array of applications.
About NaturalNano, Inc.
NaturalNano, Inc. (OTCBB: NNAN) (FWB: N3N) is a nanomaterials company developing proprietary technologies and processes for providing novel properties for a wide range of applications. These include industrial polymers, plastics and composites; and additives to cosmetics, agricultural, and household products. NaturalNano holds over twenty issued or pending patents and proprietary know-how for extraction and separation processes, of halloysite and other nanotubes, in combination with other materials for a wide range of applications. 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 we 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.