InvestorsHub Logo
Followers 0
Posts 64
Boards Moderated 0
Alias Born 04/13/2013

Re: None

Monday, 05/20/2013 10:57:19 PM

Monday, May 20, 2013 10:57:19 PM

Post# of 13148
Personally I think the Military applications are going to be huge, perhaps they will announce a follow-on order with these guys:

NaturalNano Receives Initial Commercial Order From Leading Body Armor Manufacturer for Use in New Generation of Protective Products

ROCHESTER, N.Y., June 6, 2012 (GLOBE NEWSWIRE) -- NaturalNano, Inc (OTCBB:NNAN - News) today announced that Sparta Armor placed its initial commercial order for its proprietary Halloysite Natural Tubes (HNT). Sparta Armor will have the exclusive right to use NaturalNano's HNT in a range of products intended to improve body armor and vehicle protection.

Jim Wemett, CEO of NaturalNano, commented, "We entered into a Joint Development and Supply Agreement with Sparta Armor which was executed in January, 2012. I am extremely pleased to receive the first commercial order from Sparta Armor and proud to contribute to improve their outstanding optimized performance armor products which enhance the personnel safety for our military and police. Both companies have worked hard to advance the product improvements enabled by our HNT to this point. We look forward to building on our relationship in the future."

J.J. Wendell, CEO of Sparta Armor, said, "Sparta's focus has been on ballistic and blast shielding products including individual body armor advancements and our work with NaturalNano has the potential to yield some of the most significant products in the history of our company." Wendell continued, "The incorporation of naturally occurring Halloysite Nanotubes (HNT) into Sparta Armor's ballistic panels negates the requirement of heavy, brittle, and expensive advanced ceramic plates by significantly increasing yield strength with no loss of elongation properties. The challenge has always been finding a highly reliable and dispersible nano-scale additive to work with our technology. NaturalNano's HNT solves this problem for us."

Sparta Armor (http://spartaarmor.com/thespartagroup.us/) has developed advanced materials using nanotechnology for military, industrial and civilian applications by sponsored research programs through DOD, DSO/ DARPA, and Major Defense Contractors. Their specialty is Ballistic and Blast protection with a goal of lightening the load for the war fighter and vehicle programs
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.