US Global Aerospace, Inc.,formerly Caring Products International, Inc., Acquires Nanosil(TM)Super-Hydrophobic Treatment Technology
US Global Aerospace, Inc.,formerly Caring Products International, Inc., Acquires Nanosil(TM)Super-Hydrophobic Treatment Technology
US Global Aerospace, Inc.,formerly Caring Products International, Inc., Acquires Nanosil(TM)Super-Hydrophobic Treatment Technology
Tuesday October 29, 8:13 am ET
CARSON CITY, Ariz.--(BUSINESS WIRE)--Oct. 29, 2002--US Global Aerospace, Inc. (formerly Caring Products International, Inc. (OTCBB: USGA - News; "USGA") announced its acquisition of the Nanosil(TM)treatment technology through an exclusive license agreement with Moose River Consulting, Inc. Nanosil(TM) is a proprietary super hydrophobic surface modification process that produces surfaces that are designed to repel water completely.
Nanosil(TM) actually modifies the chemical structure of the polymer surface on a nano-scale (molecular level). Atoms of silicon are incorporated into the molecular structure at key points to change the electrical nature of the polymer material. Using this method, the water repellancy can be "tuned" for optimum performance.
Super hydrophobic surfaces are highly sought-after and have numerous commercial and military applications. A super hydrophobic surface has natural anti-icing and/or anti-fogging properties that make it highly desirable for airborne and ground borne vehicle applications.
Future applications for Nanosil(TM) super hydrophobic technologies include sports goggles, glasses, automotive windshields, aircraft flight surfaces, satellite antennas, radomes and advanced materials such as nano-fibers where super-hydrophobicity can enhance fiber properties particularly in wet conditions where performance is generally degraded.
Current industry estimates value the barrier films and coatings market at $5 billion or more. USGA believes the market potential for the Nanosil(TM) process will be in excess of $50 million per year.
About US Global Aerospace, Inc.
US Global Aerospace, Inc. is an aerospace research, development and engineering company with expertise in the emerging field of nanotechnology. USGA owns the rights to the patent pending ballistic impact resistant nano-denier fibrous woven sheet, used to produce a proprietary cockpit security door, known as the Guardian(TM) Anti-Ballistic Panel Cockpit Security Door ("Guardian(TM) Door").
These statements are based on assumptions that the management of US Global Aerospace, Inc. believes are reasonable based on currently available information, and include statements regarding the intent, belief or current expectations of US Global Aerospace, Inc. and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance, and are subject to a wide range of business risks, external factors and uncertainties, including the inability to secure the necessary STC certification from the FAA, the lack of acceptance of the company's products by its customers and prospects, the inability to secure necessary product sales and the inability to obtain necessary substantial capital to manufacture and market its product and otherwise implement its business plan. In each case, actual results may differ materially from such forward-looking statements. US Global Aerospace, Inc. does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or modified) will not be realized.
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Investor Relations, 817/563-3160
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