ROCHESTER, N.Y., Nov. 10, 2009 (GLOBE NEWSWIRE) -- NaturalNano, Inc. (OTCBB:NNAN) (Frankfurt:N3N) announced today allowance of a second patent dealing with use of its proprietary Halloysite materials in high performance energy storage devices called Ultracapacitors.
Acting CEO James Wemett said, "We expect this patent to issue early in 2010 -- this timing corresponds with efforts we are making to partner with one or more companies to develop high performance power storage capability for applications such as hybrid and pure electric vehicles."
NaturalNano's existing Ultracapacitor patent (US 7,400,490) covers use of Halloysite Nanotubes (HNTs) in electrode structures found in these energy storage devices. The newly allowed patent application goes into further detail, including use of activated carbon, conductive polymers, and carbon aerogels. Wemett continued, "We believe this next patent will position us well to target a quickly growing market segment that not only benefits our company but could be a significant contribution to the 'green' initiative."
Wemett added that "the company will have completed initial discussions with at least one of its potential partners by the end of the year and exploring additional opportunities."
About NaturalNano, Inc.
NaturalNano, Inc. (OTCBB:NNAN) (FWB:N3N) is a materials science company focused on developing and commercializing advanced nanocomposites. Based in Rochester, NY, the Company is focused on additive technologies and processes, including its proprietary Pleximer polymer additive, that add value to industrial polymers, plastics and composites, as well as consumer and industrial products. NaturalNano holds and licenses over 25 patents and applications, as well as proprietary know-how for extraction and separation processes, compositions, and derivatives of Halloysite and other nanotubes. Visit www.naturalnano.com for more information.
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.