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NaturalNano Awarded Two Broad Patents in Energy Technologies
Friday, November 14, 2008
Rochester, NY -- NaturalNano, Inc. (OTC Bulletin Board: NNAN) (FWB: N3N) announced today that the U.S. Patent and Trademark Office has issued the Company two patents for the use of naturally occurring nanotubes (HNTTM) in clean energy areas: one in hydrogen storage, and another for the use of mineral based nanotechnology in ultracapacitors, a fast-growing industry where nanotechnology is having a profound impact.
"While NaturalNano's current focus is on short term product applications in plastics and on filling hollow nanotubes for extended release for cosmetics, household products, and agriculture, our R&D initiatives have been identifying additional areas of opportunity. We have an aggressive intellectual property strategy that is creating strong patents in additional markets, which is critical to our future growth," stated Cathy Fleischer, Ph.D., NaturalNano President and CTO.
HYDROGEN STORAGE US PATENT No. 7,425,232
NaturalNano has been awarded a dominant patent position in the large, emerging market of hydrogen storage. By storing hydrogen gas atoms within NaturalNano's halloysite nanotubes, the need for high pressure storage tanks is reduced both for distribution of the gas and containment in car and truck gas tanks. A tank filled with halloysite nanotubes increases the surface area for the hydrogen gas to adhere to, while reducing the overall pounds per square inch (PSI) in the tank. Similar nanotubes have historically been proposed as hydrogen storage media in cars, trucks and planes. NaturalNano's patent is novel in its application of halloysite for this purpose, which is a naturally occurring material.
ULTRACAPACITORS US PATENT No. 7,400,490
NaturalNano's ultracapacitor patent is an application of mineral microtubules, including but not limited to halloysite. Ultracapacitors can rapidly generate, hold, and release an electric charge. They play an increasingly critical role in many technologies, especially implanted medical devices.
These patents add to an already long and robust list of patents owned or exclusively licensed by NaturalNano.
The recently issued patents can be viewed at http://patft.uspto.gov.
About NaturalNano, Inc.
NaturalNano, Inc. (OTC Bulletin Board: NNAN) (FWB: N3N) is a materials science company focused on developing and commercializing advanced nanocomposites and extended release nanotechnologies. Based in Rochester, NY, the Company is focused on additive technologies and processes, including its proprietary Pleximer polymer additive, that add value to industrial polymers, plastics and composites, as well as consumer and industrial products. NaturalNano holds and licenses over 25 patents and applications, including an exclusive license from the U.S. Naval Research Lab for the technology of filling halloysite natural tubes (HNTTM) with materials for extended release products, such as longer lasting fragrances or flavors. For more information, 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.
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