DETROIT, MI / ACCESSWIRE / January 21, 2015 / Nano Labs Corp. (OTC Pink: CTLE) (PINKSHEETS: CTLE), is an International nanotechnology research and development company with an established scientific management team. We are pleased to announce the Company has entered into Joint Venture Agreement with POLEC INDUSTRIAS S de RL de CV (POLEC(R)) to apply nano technology, research, develop, manufacture and sell Polec's product "Technosoil".
POLEC (http://polec.globallabs.org/ ) was created at the "Incubator Center for technology Based Companies" that is associated with the National Polytechnic Institute, the second largest University in Mexico. POLEC has developed a novel technology highly effective as liquid cement that can be used to improve and stabilize soils. This is a polymeric water base product that has the ability to provide mechanical high value which can be added to properties of soil such as sand, earth or clay that can be mixed with this liquid polymer to produce a product superior to cement.
The tremendous potential of the technology can be evidenced with the construction of a Wal-Mart warehouse built at Manzanillo beach in Mexico, replacing conventional use of aggregates (crushed stone) with Polec Tecnosoil that was mixed with local "Beach Sand" using the Polec technology the engineering surpassed the required soil load bearing the capacity of sub-base for the construction of the structural foundation, roads, parking lot, and sewage. Millions of dollars were saved in construction cost. The construction video and photographs can be viewed at our new website www.Nanolabs.us.
"In this joint venture, our goal is to enable Pol-Ec International Technologies Corp USA to address market opportunities in the future on a global scale with a new nano product that has the benefits for the construction industry and its effectiveness for providing remarkable new properties to simple soils such as sand, earth and clay when easily applied to them," states Mr. Bernardo Chavarria, President of Nano Labs Corp.
The Companies are currently working together to fast-track the commercial opportunities and address market potential worth billions of dollars in the Global Construction Industry. The US Department of Transportation estimates it will cost $688 billion in the next 16 years to repair and upgrade the Interstates to handle anticipated traffic and meet new safety and environmental standards. This new technology could reduce these costs by 40%.
"We are delighted to be working with Nano Labs. The company is uniquely positioning itself to be an international leader within the construction industry," said Jorge Rodriguez CEO, Polec Corp SA.
About POLEC(R) S. de RL.
Established in 2012, POLEC is a technology-based company located in Mexico, that has as a goal to develop and provide different solutions for the requirements of the construction industry, in a self-sustainable way, cost effective and environmentally friendly. The company initially developed a soil stabilizer but after 5 years of research and development, a new generation of product became enabling the company to achieve new market scope. The low cost, it's high efficiency, it´s load resistance and the possibility to be used with almost any sort of soil, makes it very attractive to address other needs of the construction industry.
Polec has been awarded with the National Prize for Innovation and Entrepreneurship in high technology by the Ministry of Economy in Mexico 2012 and also with one of the 15 International Proyects Selected to participate in the III Investor forum in Madrid España by de Web of Iberoamerican Universities RedEmprendia. Also was selected by FUMEC (Mexico- USA Foundation for Science) among 400 projects to participate in Bootcamp TechBA 2013 in Austin, Texas with the IC2 Institute and the University of Texas in Austin Texas.
About Nano Labs
Nano Labs Corp. (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.
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:
Nano Labs Corp.
Bernardo Camacho Chavarria
President
1 (888) 806-2315
SOURCE: Nano Labs Corp.