Applied Minerals Inc (AMNL)

[Mr. Zen]

NaturalNano Receives Grant From Cornell University's Cornell Center for Materials Research Jumpstart Program
10/4/2005 8:00:48 AM


ROCHESTER, N.Y., Oct 04, 2005 /PRNewswire via COMTEX/ -- NaturalNano Inc., a company whose primary business is discovering, refining, and marketing naturally occurring nanomaterials, announced today that it has received a grant from The Cornell Center for Materials Research (CCMR) Jumpstart program at Cornell University. The CCMR Jumpstart program is a NYSTAR-funded program targeted at small New York businesses.


The grant provides matching support for research and development projects during the remainder of 2005. Importantly, it also involves collaboration with CCMR faculty.

Michael Riedlinger, President of NaturalNano, said, "This grant to assist in R&D at Cornell University is indicative of the priority being given to new materials such as naturally produced nanotubes for use in a variety of industrial applications. We are thrilled to be one of just four companies to receive a grant from CCMR for the current semester. And we look forward to working with the staff and scientists at CCMR to evaluate halloysite nanotubes for a variety of novel applications that leverage the unique chemical and physical properties of aluminosilicate nanotubes."

About NYSTAR

The New York State Office of Science, Technology and Academic Research (NYSTAR at http://www.nystar.state.ny.us/) fosters and promotes the growth of high technology research and economic development in New York State by providing funding and other forms of assistance to world-class high technology academic research and development centers, business development organizations, and technology trade groups in New York State. The agency works in partnership with other State agencies and organizations regarding the Centers of Excellence and the Gen*NY*sis biotechnology research centers, and it supports efforts to commercialize high technology innovations while serving as a resource for small and start-up technology companies.

ABOUT the Cornell Center for Materials Research (CCMR)

CCMR is a National Science Foundation, Dept. of Energy, and New York State funded interdisciplinary center at Cornell University whose mission is to advance, explore and exploit the forefront of the science and engineering of advanced materials with an aim to be world leaders in the design, control and understanding of the behavior of both crystalline and disordered nano- materials. This objective is pursued through fundamental experimental and theoretical studies of the assembly and processing of nano-materials and of their resulting behavior, Educational Outreach, Industrial Collaborations, the Green Composites Consortium, and the Cornell Fuel Cell Institute. Visit our website (http://www.ccmr.cornell.edu) or contact CCMR Industrial Programs Manager David Jung at [e-mail] for more information.

ABOUT NATURALNANO INC.

NaturalNano Inc. is an advanced materials company with unique, proprietary processes for the refinement of naturally occurring nanotubes and other materials that enable a range of advanced applications from enhanced composites and other industrial products to cosmetics and electronics. The company is a technology leader in the processing of nanotubes from halloysite clay, a source of naturally occurring nanotubes.

NaturalNano possesses broad intellectual property rights to multiple issued and pending patents for a comprehensive range of processes, compositions, and derivatives of our nanomaterials. The company's research and development teams have identified more than 200 novel applications for halloysite nanotubes. The applications include uses in cosmetics and personal care products, absorbent materials, electromagnetic interference shielding, specialty coatings, and material additives for industrial polymers, plastics and composites.

The company has a strategic partnership with Atlas Mining Company (ALMI), owner of one of the world's largest commercially mined deposits of halloysite clay. This enables NaturalNano to deliver large quantities of its products to strategic partners and customers.

For more information, please visit http://www.naturalnano.com.

Media Contacts:

Bobbi Drew
[e-mail]
585-214-8172

Jennifer Gould
[e-mail]
212-843-8037

Investor Relations Contacts:

The Ruth Group

Denise Roche
[e-mail]
646-536-7008

John Quirk
[e-mail]
646-536-7029