ROCHESTER, N.Y., May 9, 2011 (GLOBE NEWSWIRE) -- NaturalNano, Inc. (OTCBB:NNAN) (Frankfurt:N3N) ( has reported that the latest projections for the rapidly expanding global market for nanotechnology based products are projected to grow at a cumulative rate of ~19% worldwide during the period 2011-2013 according to a recent report from the Singapore Institute of Manufacturing Technology. The global market for nanotechnology based manufactured goods will be of worth US$ 2.4 Trillion by 2015, largely driven by massive investment in nanotechnology R&D and commercialization by both governments and corporations worldwide.
Jim Wemett, CEO of NaturalNano Inc., said, "Nanotechnology is evolving and has influenced a large number of industrial segments and is set to play a pivotal role in various industry segments in the 21st century. We are very excited by our particular segment of this attractive market. We hold exclusive rights to over 20 patents or pending applications and are well positioned to capitalize on these market opportunities in our two core areas, Cosmetics and Polymers. Since 2004, our patented technological processes and development expertise has allowed NaturalNano to be early adopters in bringing innovations to the Nano World of products."
Cosmetic Business:
In the past two years, NNAN has supplied more than a ton of treated Halloysite Nanotubes ("HNT") to Fiabila S.A. for use in the manufacture of its Sally Hansen line of nail polish (manufactured by Fiabila for Coty). These HNTs are used to incorporate Vitamin E and other components into products for Fiabila. There is on-going development with Fiabila to identify additional nail lacquer additives and the expansion of the product range. In addition, another large cosmetic producer is seeking regulatory approval for two products that utilize this HNT technology.
Polymer Business:
The Company offers treated HNT in several grades for use in polymer nanocomposites. NNAN's Pleximer™ polymer nanocomposites include at least one polymer matrix or material in combination with at least one nano-particulate filler material under the "Masterbatch" trademark. Today, nanocomposites materials can be found in various products such as automobiles, building materials, food packaging and textiles.
NNAN has partnered with several polymer companies in order to commercialize this technology, most notably Cascade Engineering of Grand Rapids, Michigan. http://www.cascadeng.com/markets/com_polymers/index.htm. Cascade and NaturalNano developed a new product called Nubrid™4000 that is distributed by Noble Polymers http://www.noblepolymers.com/products/nubrid.htm.
About NaturalNano, Inc.
NaturalNano, Inc. (OTCBB:NNAN) (Frankfurt:N3N) is a materials science company focused on developing and commercializing advanced nanocomposites. The Company is focused on additive technologies and processes, including its proprietary Pleximer that adds value to industrial polymers, plastics and composites. NaturalNano holds and/or licenses 20 patents and applications relating to Halloysite, as well as proprietary know-how for its extraction and separation processes, compositions, and derivatives. www.naturalnano.com
Cautionary Statement Regarding Forward-Looking Statements: Contains forward-looking statements regarding future events and future performance that involve risks and uncertainties that could materially affect actual results. This information is qualified in its entirety by cautionary statements and risk factors disclosure contained in certain of NaturalNano's filings with the Securities and Exchange Commission. The most recent annual reports on Form 10-K and quarterly reports on Form 10-Q filed by NaturalNano provide information about these factors, which may be revised or supplemented in future reports to the SEC on those forms or on Form 8-K. We caution investors not to place undue reliance on forward-looking statements, and we do not undertake any obligation to update or otherwise revise any forward-looking statements, whether as a result of new information, future events, or other such factors that affect the subject of these statements, except where expressly required by law.
CONTACT: Jim Wemett info@naturalnano.com NaturalNano, Inc. 585-267-4848 Gabriel Rodriguez E Relations Group, Inc. 623-255-5750