DETROIT, MI--(Marketwired - Jan 13, 2014) - Nano Labs Corp. (
The LOI sets forth the principal terms of the partnership between the companies in connection with the continued development of Polec's proprietary polymer-based, soil stabilizer and other construction material product(s).
The companies are furthering technical due diligence workshops and business plans to further continue nano research and development of the new product, manufacturing, operations, and business development efforts to get the new product to market in the first quarter of 2014.
The current technology, a 100% organic, water-based emulsified polymer, when added to almost any type of soil such as Earth, Sand or Clay it creates a stone-like brick, block and/or panel. The organic polymers function as a cementing and bonding agent which increases and optimizes the molecular attraction of the soil, controlling the expansion and linear contraction, thus increasing the amount of carrier load and resistance suitable for construction applications, essentially creating a stone like building material.
The polymer is dissolved in water and added to the naturally occurring soil available on the construction site. The combination creates a thick, malleable mixture that can be molded to form and specification. The stone bricks air dry and are immediately ready for commercial use. Finished stone bricks are ideal for floors to walls, in both commercial and residential building projects, and can also be poured as a single, continuous set ideal for parking lots and roads. The product is environmentally friendly, non-toxic, water-resistant, and presents the advantages of requiring no special equipment, electricity, or ovens, and eliminates significant costs associated with materials transport and handling. This new technology could be used for road construction replacing asphalt or cement around the world.
"We are very pleased to be working with Polec's innovative team of engineers. Imagine turning a dirt road into a cement like surface without any additional aggregates. There is tremendous potential for this product to be a very cost-effective alternative and replacement in the construction industry. We are moving forward quickly to finalize the joint venture agreement," comments Mr. Bernardo Camacho Chavarria, President of Nano Labs.
About Nano Labs
Nano Labs Corp. (the "Company") (
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