ROCHESTER, N.Y., Jan. 18, 2012 (GLOBE NEWSWIRE) -- NaturalNano (OTCBB:NNAN) and Sparta Armor today announced that the companies have entered into an exclusive Joint Development and Supply Agreement to utilize their combined technologies. NaturalNano and Sparta Armor will develop a range of products and applications that combine their respective patented technologies to create a new class of high performance additives. These will significantly improve the mechanical properties of Sparta's Vehicle and Body Armor materials. Under the agreement, NaturalNano and Sparta will produce new products using NaturalNano's Halloysite Natural Tubes (HNT) which Sparta will sell exclusively.
J.J. Wendell, CEO of Sparta Armor said, "Sparta's focus has been on ballistic and blast shielding products including individual body armor advancements and our work with NaturalNano has yielded some of the most significant products in the history of our company." Wendell continued, "The incorporation of Naturally occurring Halloysite Nanotubes (HNT) into Armor's ballistic panels negates the requirement of heavy, brittle, and expensive advanced ceramic plates by significantly increasing yield strength with no loss of elongation properties. The challenge has always been finding a highly reliable and dispersible nano-scale additive to work with our technology. NaturalNano's HNT solves this problem for us."
"I am very excited to work with Sparta Armor and we are proud to contribute to improvements in products which enhance the personnel safety for our military and police," said Jim Wemett, CEO of NaturalNano. "We plan to continue work under the new agreement to further optimize performance of the final armor products."
Sparta Armor (http://spartaarmor.com/thespartagroup.us/">http://spartaarmor.com/thespartagroup.us/) has developed advanced materials using nanotechnology for use in military, industrial and civilian applications by sponsored research programs through DOD, DSO/ DARPA, and Major Defense Contractors. Their specialty is Ballistic and Blast protection with a goal of lightening the load for the warfighter and vehicle programs.
About NaturalNano, Inc.
NaturalNano, Inc. (OTCBB:NNAN) 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 licenses20 patents and applications relating to Halloysite, as well as proprietary know-how for its extraction and separation processes, compositions, and derivatives. http://www.naturalnano.com/">www.naturalnano.com
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