Todays News Release...
NaturalNano President Michael Riedlinger to Present to Brokers and Investment Advisors at Southern California Investment Association's National Small Cap Conference; Presentation Includes Key Nanotechnology Market Growth Information
Jun 3, 2005 8:00:00 AM
Copyright Business Wire 2005
ROCHESTER, N.Y.--(BUSINESS WIRE)--June 3, 2005--
NaturalNano Inc., a company whose primary business is discovering, refining and commercializing naturally occurring nanomaterials, announced today that Michael Riedlinger, NaturalNano President, will present the Company's opportunities for growth and value at the Southern California Investment Association's (SCIA) National Small Cap Conference at the Orange County Airport Hilton in California on Saturday, June 4th.
The presentation will describe naturally occurring halloysite nanotubes, hollow tubes with high aspect ratios that are tens to hundreds of nanometers (billionths of a meter) in diameter. Their unique geometry enables them to be used for storing, delivering and controlling the release of various chemicals and materials, making possible a wide range of commercial applications.
Mr. Riedlinger will discuss development by NaturalNano's team of scientists of commercial applications for halloysite nanotubes as additives in polymers and plastics, electronic components, and cosmetics, absorbents and in other areas. NaturalNano is making samples available to prospective customers in these industries.
"We are pleased to present our business strategy," he said. "Government institutions, such as the National Science Foundation, have projected that nanotechnology will likely be a $1 trillion market by 2014. Lux Research has predicted larger economic impacts, with nanotechnology becoming commonplace in manufactured goods and sales of products incorporating emerging nanotechnology rising from less than 0.1% of global manufacturing output today to 15% in 2014. The potential for naturally occurring nanomaterials will be described to the SCIA audience. NaturalNano expects to be publicly traded in 2005."
Extracted from the Atlas Mining Dragon Mine in Utah, halloysite is readily available in large quantities and does not require the fabrication infrastructure normally associated with manufacturing of other types of nanotubes. Earlier this year, NaturalNano Inc. entered into a contract with Atlas Mining Company (OTC BB: ALMI) to acquire 500 tons of processed halloysite.
NaturalNano has rights to pending patents that cover processes, compositions, and derivatives for the nanotubes found in halloysite clay. More than 200 different commercial applications have been identified. The Company is also developing proprietary, patent-pending extraction, separation and classification technologies to enable production of more uniform nanotubes to meet the higher standards required for advanced applications of the naturally occurring nanotubes. These include long-lasting release of materials, coatings and additives.
ABOUT SOUTHERN CALIFORNIA INVESTMENT ASSOCIATION
SCIA National Small Cap Syndicate, www.sciaonline.org, is a comprehensive national organization developed to facilitate stock support and capital formation for small to medium listed and emerging-growth companies. The alliance consists of almost 200 member firms including NASD broker/dealers, investment and merchant bankers, investment advisors, analysts, financial service managers, market makers, venture capitalists, fund managers, media and accredited investors.
ABOUT NATURALNANO INC.
The primary business of NaturalNano is processing, developing and commercializing naturally occurring nanomaterials. The company is developing state-of-the-art, proprietary processes for extracting and separating nanotubes from halloysite clay. The nanotubes are found in very large quantities in a unique form of clay called halloysite, available from a mine operated by the Atlas Mining Company (OTC BB: ALMI). NaturalNano has a collaboration agreement with Atlas Mining Company. It is also engaging in business alliances with other organizations to bring its nanotechnology materials to market. The Company was incorporated in 2004 and is privately held and privately funded.
For more information, please visit www.naturalnano.com.
Source: NaturalNano Inc.
