SOURCE: Nano Labs Corp

Nano Labs Corp

April 01, 2015 10:30 ET

Nano Labs Signs Collaboration Agreement With Hormigones del Caribe (HDC)

Collaboration Agreement to Develop and Build a New Facility to Produce and Commercialize Precast Construction Materials Suitable for the Markets in Dominican Republic, Haiti and the Caribbean Market

DETROIT, MI--(Marketwired - Apr 1, 2015) - Nano Labs Corp. (OTC PINK: CTLE) is pleased to announce today the Company has signed a Collaboration Agreement with Hormigones del Caribe -- HDC (Dominican Republic) to develop and build a new facility to produce precast construction materials that will be made using Pol-EC polymers products and local soils.

The Collaboration Agreement outlines the establishment of a completely new facility for the purpose of creating new precast construction materials, including H blocks and pavers to address market opportunities in Dominican Republic, Haiti and the Caribbean market.

The Companies are working together to fast-track the installation and launching of a facility to produce 65,000 precast pieces a day substituting cement and aggregates, and using regular soils and Pol-Ec's polymeric binder. The facility will require more than 3,300 liters of polymer per day and 74,300 liters on a monthly base. This would generate monthly sales for Pol-Ec International Corp of $430,000 USD.

This precast construction materials initiative opens a new scope in the applications of Pol-Ec technology, providing a cost-effective solution to address growing homebuilding markets in The Caribbean and Latin America, including the uses in road construction currently being evaluated to replace asphalt and cement roads.

"In developing this alliance, our goal will be to showcase the potential opportunities regarding the technology and product applications in precast construction materials. We envision that our partnership will be an incredible showcase to promote our product globally," states Mr. Bernardo Chavarria, President of Nano Labs.

About HDC ® Hormigones del Caribe SA
With more than 27 years of operations, HDC is the leader in the industry of building materials in Dominican Republic. The company is dedicated to the production transportation, assembly and placement of hydraulic concrete and prestressed precasted elements. It is the biggest concrete producer in the Caribbean with an average of more than 150,000 cubic meters of hydraulic concrete sold per year. Income HDC in 2014 was USD$ 21,350,000.00. HDC has 315 employees with Concrete Production Plants and Precast Plants in Dominican Republic and Haiti and export Precast elements in concrete to Turks and Caicos, St. Thomas, Virgin Islands. HDC is expanding operations to Panama and Guatemala and evaluating business opportunities in Cuba.

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 Information

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