Rochester, NY / Frankfurt am Main – July 30, 2008 – Nanostart-Holding NaturalNano Inc. announced that Noble Polymers, a division of Cascade Engineering, has purchased the Company's innovative HNT™ material to be used to produce ten tons of its nanocomposite, Pleximer™.
Cascade Engineering is a multi-business manufacturer, marketing to a variety of industries such as automotive, commercial truck and bus, solid waste and recycling, furniture and renewable energy, including the estimated billion polymer composites industry.
Tim Patterson, General Manager of Noble Polymers, said: "Our joint development effort with NaturalNano has resulted in a product that is stronger, lighter and less expensive and will enable Cascade to offer a superior molded product first in office furniture products and then in other markets and applications. Our joint work with NaturalNano over the past year has given us additional insight into the scope of both their technological processes and development expertise, and we are pleased to be an early adopter in bringing this innovation to our products and customers."
"This sale is a major milestone in the product development process we began with Cascade more than a year ago," said Cathy Fleischer, President of NaturalNano. "By utilizing the unique characteristics of Pleximer™ in surface quality, durability enhancement and weight reduction in concert with Cascade's leading compounding and molding capabilities, we expect to directly impact the performance of a wide variety of industrial and consumer products."
NaturalNano noted the current shipment represents the initial manufacturing-scale sale of Pleximer™ to Cascade Engineering. The Nanostart-Holding expects to continue to provide material as the two companies work to jointly develop accreditation testing, application definitions and formula optimization that will be used to produce Pleximer™-based products.
About NaturalNano Inc.:
NaturalNano, Inc. is a nanotechnology and materials science company developing proprietary technologies and processes for commercializing naturally occurring nanotubes and other nanomaterials that add competitive properties to a range of applications. These include additives to cosmetics and personal care products, electromagnetic interference shielding, and material additives for industrial polymers, plastics and composites. NaturalNano possesses broad intellectual property rights and proprietary know-how for extraction and separation processes, compositions, and derivatives of halloysite and other nanotubes. For more information, please visit www.naturalnano.com
About Nanostart:
Nanostart AG is the world’s leading nanotechnology investment company. The Frankfurt-based company provides venture capital financing for nanotechnology companies in various growth phases. It also provides the benefits of its experience and expertise to developers of financial instruments and to investors in the nanotechnology sector. For further information about the company, please visit www.nanostart.de.
Disclaimer:
This notice constitutes neither an offer to sell nor a solicitation of offers to purchase or subscribe to securities. There will be no public offering of securities of Nanostart AG in conjunction with the existing listing of its shares in the “Entry Standard” segment of the regulated unofficial market (Freiverkehr) on the Frankfurt Stock Exchange. This notice does not constitute a securities prospectus. Neither this notice nor the information contained within is intended for direct or indirect distribution within the United States of America, Canada, Australia or Japan.
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