NaturalNano Ramps up Exploration of Nanotube Deposits

2007-11-19 | 02:34

Company Expands Sourcing to Support Pleximer(TM) Suite Launch

NaturalNano is ramping up current efforts aimed at developing additional domestic and international sources of halloysite nanotubes (HNT(TM)), the key component in the Company's newly launched additive for manufacturing stronger, lighter and less expensive materials: Pleximer.

Rochester, NY-based NaturalNano (www.naturalnano.com) said HNT occurs naturally in certain clay found in the United States, Australia, Europe, South America, and Asia, and has been mined for centuries for use in porcelain and other materials. With NaturalNano's proprietary application of HNT in its Pleximer product, manufacturers gain numerous competitive advantages over traditional additives, including the ability to create extended release applications. While the Company's current sources of HNT are fully sufficient to support current customer demand for Pleximer, NaturalNano launched the new exploration project to support anticipated growth and continued testing.

NaturalNano is currently developing HNT sources and potential partnerships in the western United States as part of the Company's ongoing focus on industry partnerships and joint venture sourcing and technology development. While undergoing the development process, NaturalNano continues to have access to reserves of HNT to meet customer demand and to continue laboratory-scale testing of additional Pleximer products. NaturalNano has purchased and is warehousing a six month supply of HNT based on current projections, and will continue to add to the supply throughout 2008. NaturalNano expects to introduce several new Pleximer products in the first half of 2008, with extended release applications coming online later next year.