NanoStruck Announces Nano Africa and New World Sanitations Cooperation
25 Februar 2014 - 11:00AM
Business Wire
NanoStruck Technologies Inc. (the “Company” or
“NanoStruck”) (CNSX:NSK) (OTCQX:NSKTF) (Frankfurt:8NSK) announces a
new agreement with Nano Africa (Pty) Ltd. and its affiliate New
World Sanitations CC of South Africa.
NanoStruck has reached an agreement with Nano Africa (Pty) Ltd.
(Nano Africa) and its affiliate New World Sanitations (NWS) whereby
NWS intends to increase sales of its sanitation system, which
utilizes NanoStruck's NanoClear Filters as well as Nano Africa
marketing and promoting NanoStruck’s NanoPure water purification
and NanoMet precious metal retrieval systems in South Africa.
NWS has developed a sewage digester unit that is designed to
reduce water usage for a family of five to 300 liters per year,
while an average family uses between 70,000 liters to 90,000 liters
of water to flush their toilet per year. An environmentally
conscious system, it uses no outside sources of water or power and
is especially suitable for areas where there is no sewage
system. NanoStruck's nano polymer based NanoClear filtration
system is a critical component of NWS' digester unit and gives NWS
a competitive edge in the South African market. It is anticipated
that NWS shall require at least 5,000 NanoClear filters in
2014.
Nano Africa is in dialogue with a number of companies in South
Africa who are interested in utilizing NanoStruck’s NanoPure water
purification System and NanoMet precious metal recovery
technologies.
Jürgen Graupe, CEO of Nano Africa and NWS said: “This
broad cooperation further builds the relationship between
NanoStruck and his companies and enhances Nano Africa's ability to
introduce and market NanoStruck’s innovative solutions into the
water purification and mining industries in South Africa.”
Bundeep Singh Rangar, interim CEO of NanoStruck said: “Nano
Africa and NWS are trusted partners that have identified
several business opportunities for NanoStruck. Their understanding
of local complexities helps de-risk our plans in South Africa,
which is an important market for our growth.”
According to the South African Chamber of Mines, South Africa is
the world’s biggest platinum producer, with 80% of the world’s
reserves. It also has 50% of known global gold reserves. Minerals
and metals account for 60% of all South African export revenue,
while mining contributes close to 10% of South Africa’s Gross
Domestic Product (GDP).
According to a report by South Africa’s Department of Water
Affairs and Forestry (DWAF) in 2008, about 5
million people lacked access to water and 15
million people lacked access to basic sanitation.
As consideration, Nano Africa shall receive a commission, based
on net revenues achieved by NanoStruck, in relation to each water
remediation and/or mineral remediation plant that is sold in South
Africa as a result of Nano Africa's efforts. Additionally, Jurgen
Graupe, or his assigns, shall receive 500,000 common shares of
NanoStruck as consideration for consulting services already
provided to NanoStruck.
About the Company
NanoStruck Technologies Inc. is a Canadian Company with a suite
of technologies that remove molecular sized particles using
patented absorptive organic polymers. These versatile biomaterials
are derived from crustacean shells or plant fibers, depending on
requirements of their usage. Acting as molecular sponges, the
nanometer-sized polymers are custom programmed to absorb specific
particles for remediation or retrieval purposes. These could be
used to clean out acids, hydrocarbons, pathogens, oils and toxins
in water via its NanoPure solutions. Or to recover precious metal
particles in mine tailings, such as gold, silver, platinum,
palladium and rhodium using the Company’s NanoMet solutions.
By using patented modifications to conventional technologies and
adding polymer-based nano-filtration, the Company offers
environmentally safe NanoPure solutions for water purification. The
Company uses Environmental Protection Agency (EPA) and World Health
Organization (WHO) guidelines as a benchmark for water quality and
safety to conform to acceptable agricultural or drinking water
standards in jurisdictions where the technology is used.
Additionally, the Company’s technology can be used to recover
precious and base metals from mine tailings, which are the residual
material from earlier mining activities. By retrieving valuable
metals from old tailing dumps, the Company’s NanoMet solutions
boosts the value of existing mining assets and reduces the need for
new, costly and potentially environmentally harmful exploration and
mining.
The Company’s current business model is based on either selling
water remediation plants or leasing out units and charging
customers on a price per liter basis with a negotiated minimum
payment per annum. For processing mine tailings, the value of
precious metal recovered is shared with tailing
site owners on a pre-agreed basis.
NEITHER THE CANADIAN NATIONAL STOCK EXCHANGE NOR ITS
REGULATORY SERVICE PROVIDER HAS REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS
NEWS RELEASE.
FORWARD LOOKING INFORMATION
This press release contains forward-looking statements. The use
of any of the words "anticipate", "continue", "estimate", "expect",
"may", "will", "project", "should", "believe" and similar
expressions are intended to identify forward-looking statements.
Statements relating to "reserves" or "resources" are deemed to be
forward-looking statements because they involve the implied
assessment, based on certain estimates and assumptions that the
resources and reserves described can be profitably produced in the
future. Forward-looking statements in this press release include
that TNM may engage NanoStruck to recover gold and silver from its
tailing material at its Noche Buena mine.
Although the Company believes that the expectations and
assumptions on which the forward-looking statements are based are
reasonable, undue reliance should not be placed on the
forward-looking statements because the Company can give no
assurance that they will prove to be correct. Since forward-looking
statements address future events and conditions, by their very
nature they involve inherent risks and uncertainties. These
statements speak only as of the date of this press release. Actual
results could differ materially from those currently anticipated
due to a number of factors and risks including various risk factors
discussed in the Company’s Management’s Discussion and Analysis for
the years ended Sept. 30, 2013 and 2012 and filed on Jan. 29, 2014
under the Company’s profile on www.sedar.com.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE
REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS
NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH
DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING
INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY
OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE
TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME.
NanoStruck Technologies Inc.Raj Kurichh,
905-813-0900Chief Marketing
Officerinfo@nanostruck.comwww.nanostruck.com
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