DETROIT, Sept. 27, 2013 (GLOBE NEWSWIRE) -- Nano Labs Corp. (OTCQB:CTLE) is pleased to report on OTI Canada Group's (OTI) laboratory reference number M13-840 according to ASTM test protocol of the Company's proprietary Nanotech Gasoline (NG).
As previously reported on September 23, 2013, the Nanotech Gasoline (NG) combines 60% commercial grade gasoline with 40% ordinary drinking water plus the Company's proprietary nanotechnology.
OTI reported the following key results for Octane Number Research (600rpm), Octane Number Motor (900rpm) and Octane Index:
ASTM TEST METHOD D2699 Octane Number Research: >100 ASTM TEST METHOD D2700 Octane Number Motor: 92.2 ASTM TEST METHOD CALC Octane Index: >96.1
"Just looking at the nano gas - it looks exactly like 100% gasoline. Considering that this is a gasoline-water emulsion, this is a major breakthrough," states Mr. Chiovitti, Petroleum Chemist consultant at Laboratory for OTI Group who conducted the tests. "If we examine each test of the nano gasoline and compare it to 'Super' gasoline, it is clear and obvious that it (NG) compares extremely well and is much better for the Octane Index. This is an extremely important point, because each one Octane Index upwards costs more money - just look at the pump price between 'Regular' and 'Super.' To raise the Octane, the refineries have to perform certain petroleum cuts, add aromatics, in some places MTBE, and now even Anhydrous Ethyl Alcohol (AEA). This gives you an idea of the value of your high Octane Index."
Mr. Bernardo Camacho Chavarria, President of Nano Labs concludes: "We will continue to run tests against commercial grade gasoline in the market today. The ultimate tests run real comparisons of both fuels side-by-side. Looking at the preliminary evidence, we are highly encouraged. For the refineries, this could be an excellent idea, economically speaking, to use the NG as an Octane Index Booster, blending naphtha with the nano base by simply using standard circulation pumps. This is another area we will begin testing immediately, starting with the basic low Octane Naphtha distillation cut and see how much we can raise the Octane Index. Again, it is important to note that we are at the development stage here, but if this works, the sky could be the limit. We are working with select partners now to continue testing and discussions for commercialization."
About The OTI Group
The OTI Canada Group, a member of the worldwide OTI Group, provides an independent and professional inspection service, which attests to the quality and quantity of diverse petroleum and petrochemical products, dry goods and beverages. Our clients include major oil companies and trading organizations. OTI is the only wholly-owned Canadian company in the inspection and testing industry. For more information, please visit www.oticanadagroup.com.
About Nano Labs
Nano Labs Corp. (OTCQB: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.