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Nano Labs and Nanotex Partner to Accelerate Commercialized Development of Nano-Scale Magnetic Particles

Nano Labs Corp. is pleased to announce today the Company has signed a Collaboration Agreement with Soluciones Nanotecnologicas, S.L., (Nanotex(R)) Spain to launch an Industrial Applications Development Program (IADP) to design and develop new industrial applications suitable for commercialization of “nano scale magnetic particles.”

The Collaboration Agreement outlines the establishment of a joint work group for the purpose of creating a consistent product which addresses the growing market share worldwide in the nano tech magnetics industry.

The Companies are currently working together to fast-track the exchange of technical information necessary for the initial testing, and outline the commercial scope and market niches.

The Companies will work together to develop and commercialize nanomagnetic technology, patents, utility models, industrial designs, for industrial and commercial applications. All Technical Information in the form of test and performance data from tests of samples provided under this Agreement shall be the jointly owned property of the Companies.

“In developing this joint venture, our goal was to accelerate the commercialized development of consistent nano-scale magnetic particles and products in this rapidly evolving sector. We envision that our partnership will be well positioned to launch new magnetics-based nanotechnologies in the electronics, biomedicine and diagnostics industries,” states Mr. Bernardo Chavarria, President of Nano Labs.

About Nanotex(R) Soluciones Nanotecnologicas S.L.
Established in 2007, Soluciones Nanotecnologicas S.L. (Nanotex(R)) is a spin-out company of the Solutex Group. The Company has developed in-house technologies for the industrial production of superparamagnetic nanoparticles. Due to their extraordinary physicochemical characteristics, superparamagnetic nanoparticles represent a breakthrough in several fields like cosmetics, automobiles or aeronautics. The Company focus is on Innovative Medical Solutions and Ecological Solutions. For more information, please visit http://www.enanotex.com.

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