The Company Plans to Build and Develop the First Plant to Produce Precast Construction Materials Using Pol-Ec Advance Proprietary Technology and Industrial Waste
DETROIT, MI / ACCESSWIRE / September 29, 2015 / Nano Labs Corp. (OTC Pink: CTLE) (PINKSHEETS: CTLE), is pleased to announce its subsidiary Pol-Ec international Technologies Corp, has signed a Joint Venture Collaboration Agreement (JVC) with EVALUAMEDICA SA DE CV ("Evaluamedica") to build the first plant to produce precast construction materials by recycling and using materials considered as industrial waste to manufacture prefabricated decorative high value added building materials. This is a new ecofriendly green building solution using industrial waste such as mining tailings, smelting dross, slags and sludge that today are being stored or landfilled.
After several months of testing, using sample of waste materials such as smelting dross, mining tailings, onyx, granite and marble dust, all considered environmental liabilities situated throughout Mexico, Pol-Ec International has developed a cost effective viable application and solution for this waste material to produce construction materials, such as pavers, tiles, bricks, cinder blocks and decorative ornaments.
Pol-Ec International has been invited by the International Marble Institute and the Italian International Trade Agency to present these new results at the International Stone Summit, the Marmomacc conference taking place in Verona, Italy from September 30th to October 3rd, 2015.
Pol-Ec International, is a joint venture development company located in Nevada, USA, which has water based polymer technology highly effective to produce concrete by using natural soils and that could be used as a substitute for Portland cement. This is a soil stabilizer product able to provide new mechanical high value added properties to practically any soil such as sand, earth or clay and now also mining waste materials.
According to a recent issue of The Economist, the U.S. is facing a monstrous infrastructure crisis, and will need to spend more than $2 trillion to rebuild its roads, highways, railways, bridges and dams. Potholes and badly damaged highways are endemic in many parts of the U.S., Pol-Ec International is well positioned to address this market as an alternative to Asphalt and Portland cement.
Evaluamedica, a company duly registered in Mexico with interests in waste management and developing the market for recycling industrial waste into precast pieces and construction materials. Evaluamedica has tested, reviewed the results proclaimed by "Pol-Ec International," when the aforementioned technology has been applied to mining tailings, smelting dross, slags and sludge.
The agreement involves the incorporation of a new entity based in Mexico in which Evaluamedica will be providing business operations, equipment, funding requirements and an important expertise in industrial waste management for the manufacture of the precast pieces in order to address market opportunities in the territory of Mexico and the USA. In this new entity Pol-Ec International, will have a 66% equity ownership and Evaluamedica will have a 34% equity ownership. The facility will be located in Ciudad Sahagun in Hidalgo State and will have an initial capacity to produce 3,000 precast pieces per day, and is expected to start production in November of 2015 using smelting dross already on the site.
"We are very pleased to be working with Evaluamedica and its shareholders to address this opportunity. We have identified a tremendous potential for precast construction pieces to be made in a very cost-effective way and representing an irreplaceable alternative to recycling and using pollutant waste materials turning them into pieces of high aesthetic and commercial value," comments Mr. Bernardo Camacho Chavarria, President of Nano Labs.
About Nano Labs
Nano Labs Corp. (the "Company") (OTCQB: CTLE) is a nanotechnology research and development company which began during October 2012, the Company's research and development team 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.
CONTACT:
Nano Labs Corp.
Bernardo Camacho Chavarria
President
1 (888) 806-2315
www.NanoLabs.us
SOURCE: Nano Labs Corp.
