ROCHESTER, NY--(Marketwired - Jan 13, 2014) - NaturalNano, Inc. (
NaturalNano's CEO James Wemett commented, "NNAN has and will continue to expand the applications for its proprietary Halloysite NanoTubes (HNT). In the course of becoming the world leader in developing commercial applications for HNT, we have discovered and identified a range of promising uses on which we are now focused. The applications for HNT covered by these patents are not strategic for our current and future business plans. There may be utilities of the ultracapacitators application covered by this IP but it is better for this activity to be in the hands of a partner like GND."
Robert Gunderman, P.E., founder of GND Engineering, PLLC says, "We are enthusiastic about the opportunities this transaction opens up for both companies." Gunderman continues, "Halloysite nanotubes have some fascinating properties, and the ability to advance this technology and rely on a supply of top quality halloysite nanotubes from NaturalNano makes this a very worthwhile endeavor."
NaturalNano, Inc. (
Cautionary Statement Regarding Forward-Looking Statements: Contains forward-looking statements regarding future events and future performance 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-K and quarterly reports on Form 10-Q 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.