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NaturalNano Announces Commercial Order from Fiabila for Filled Halloysite Tubes
"Establishing a commercial product with Fiabila in the personal products industry is a tremendous boost for our company allowing us to leverage the strengths of our naturally occurring, environmentally friendly HNT technology," said
Wemett continued: "One of our 2009 goals is to move our joint development partners into licensing deals and commercial orders. Our company has over 25 patents issued and pending. With Fiabila as our newest strategic commercial partner, we expect to see significant and widespread adoption, acting on our commitment to develop the next generation of HNT-enhanced consumer products."
Under the terms of the agreement, NaturalNano will supply both filled and unfilled HNTs for incorporation in Fiabila's nail products. NaturalNano's patented technology enables the filling of the environmentally-friendly tubes with a variety of additives that can be released slowly over time, enhancing the performance and extending effectiveness of a wide variety of consumer-oriented products.
About NaturalNano, Inc.
Headquarterd in
About Fiabila
Created in 1977, Fiabila is one of the largest private label manufacturers of nail enamel, nail care and nail polish removers. Fiabila's mission is to delight and excite consumers through a permanent commitment to quality and innovation in terms of formula, shade development and manufacturing processes. Fiabila, by controlling all aspects of the production process, epitomizes reliability and safety and offers only the highest performing products to customers in all sectors of the cosmetics industry.
Cautionary Statement Regarding Forward-Looking Statements: This press release may contain forward-looking statements regarding future events and future performance of NaturalNano 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-KSB and quarterly reports on Form 10-QSB 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.
SOURCE NaturalNano, Inc.
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