DETROIT, Sept. 24, 2013 (GLOBE NEWSWIRE) -- Nano Labs Corp. (OTCQB:CTLE) is pleased to present the industry with promising test results relating to a proprietary nanotechnology which replaces commercial gasoline.
The Company has successfully tested their Nanotechnology Gasoline (NG). The technology combines 60% commercial grade gasoline with 40% ordinary drinking water plus the Company's proprietary nanotechnology. The result may mean an alternative to existing additives, like Ethanol, MTBE, Benzene, Methanol, and Aromatics additives that are harmful to the environment.
The Company has replaced 40% of gasoline with water and nanotechnology which thereby dramatically reduces the need of gasoline by over a third, thereby increasing fuel efficiency and reducing environmental emissions.
The Company reports that five gasoline mixtures were successfully tested; the tests were repeated three times over a period of thirteen months.
"Our new nano gasoline mixture combines our technology with normal tap water and gasoline which does not separate. In fact, it has remained intact after many months of testing. Also, the nano fuel does not freeze at temperatures of minus 40 degrees Celsius," states Dr. Victor Castano, Chief Innovations Officer of Nano Labs. "This is by far one of the most interesting projects our teams are working on right now, a game changer in the energy sector."
"This new technology would not require any changes to the existing refinery process and our nanotechnology could be applied directly at the fuel storage container stage," adds Mr. Bernardo Camacho Chavarria, President of Nano Labs. "This new technology could dramatically increase profits for the oil companies that they could pass on to consumers, and at the same time dramatically decrease the harmful emissions that contribute to global warming. It is important to note that we are at the development stage of the product, and are currently working with third-party labs for Octane and BTU Certification Testing. With these results we are looking to finalize a roadmap for commercialization and reporting back to industry and our shareholders."
About Nano Labs
Nano Labs Corp. (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.
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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.