SOURCE: Nano Labs Corp.

January 29, 2015 10:30 ET

Nano Labs Announces the Opportunity to Submit the POLEC Liquid Cement Product for Test Trials to Be Used in the Construction of the New International Airport of Mexico City (NAICM)

DETROIT, MI--(Marketwired - Jan 29, 2015) - Nano Labs Corp. (OTCQB: CTLE) ("Nano Labs" or "The Company") is pleased to announce it has signed an agreement through its subsidiaries "Pol-Ec International Technologies Corp USA" and POLEC S de RL ("Polec Mexico") to submit test trials to construct access roads for the New International Airport of Mexico City (NAICM). This is a vital part of the infrastructure for the construction of one of the largest airports in the world when completed. http://www.aeropuerto.gob.mx/

After reviewing the benefits and the scope of the potential applications of Technosoil, POLEC´s liquid cement, which has been tested over the past 6 months, POLEC has been invited by the technical committee of the new airport project to submit a technical proposal for construction of the access roads for the entire project.

The entire project represents an investment of more than $13 billion US Dollars in phase one. The new airport will be built on 11,400 acres of land (4,430 hectares). Some of this land is on a reserve owned by the federal government in the lakebed of Texcoco Lake. This land represents difficult technical challenges due to the water saturation levels of the local soil, the organic content, and the soil salinity. These conditions may lead to potential damage to infrastructure (roads, bricks, corrosion of pipes and cables) if these issues are not properly evaluated and addressed.

The terms of the partnership between the companies to test Polec's proprietary polymer-based liquid cement involve furthering technical evaluations and complete due diligence by the Airport Project´s Technical Committee. The technical proposal includes an evaluation of the performance of the product tested with local soil over the past 6 months.

"The Joint Venture agreement signed last year between the parties also provides the possibility to participate in future joint projects. The goal of the new agreement between Pol-Ec International Technologies Corp USA and Polec S, RL. is to invest in the validation protocol required to test Technosoil so that it will be used in the new airport, in particular for the access roads of the entire project," comments Mr. Bernardo Camacho Chavarria, President of Nano Labs.

"The polymers function as a cementing and bonding agent which increases and optimizes the molecular attraction of the soil. This controls the expansion and linear contraction, thus increasing the amount of carrier load and resistance suitable for road construction applications while protecting the structures against elements like salt and water. An important feature of Technosoil is that it considerably reduces the permeability of the soil, which is a very important factor for this project. Polec's polymers meet ASTM standards and have been tested in laboratories with International Certification. The quality of polymers and technology developed for the construction industry makes Technosoil a logical choice for a project like NAICM," said Jorge Rodriguez, President of Polec Mexico.

One of the most important drivers for the invitation made by the Technical Committee to POLEC is the fact that Technosoil is environmentally friendly, non-toxic, water-resistant, and eliminates significant costs associated with material transport and handling.

"We are very pleased to be working with Polec in this tremendous opportunity that will enable us to prove the potential for this product to be an extremely cost efficient construction alternative. The construction cost using Technosoil is only $110,000 US Dollars per kilometer. This is a considerable and significant cost saving over current construction methods. Furthermore, this project could generate $12 million US Dollars in product sales per year. The company expects to have the results of this submission in the next 15 days," comments Mr. Bernardo Camacho Chavarria. 

About Nano Labs

Nano Labs Corp. (the "Company") (OTCQB: 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.

About POLEC® 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.

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 Information

  • Contact:

    Nano Labs Corp.
    Bernardo Camacho Chavarria
    President
    1 (888) 806-2315

    www.NanoLabs.us