Nano World Projects Consolidates Research & Development Activities; Company to Emphasize Collaboration with Centro Ricerche Fiat.Business Editors NEW YORK--(BUSINESS WIRE)--Jan. 22, 2001 Nano World Projects Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :NAPH NAPH National Association of Professors of Hebrew NAPH National Association of Public Hospitals & Health Systems NAPH National Association of Physically Handicapped ) announced today it has consolidated its research and development activities to Piedmont, Italy in the Turin area. The facility is located in a town adjacent to Centro Ricerche Fiat (CRF CRF abbr. chronic renal failure CRF Chronic renal failure ), its collaborative partner in Orbassano, Italy. "We believe this move will accelerate the development of our nanotechnologies," said Robert Papalia, Chief Executive Officer of Nano World Projects."Centro Ricerche Fiat's demonstrated capacity to conduct high caliber research for industries within and beyond the automotive sector was a key factor in our decision to make this move. Rather than developing our own infrastructure, we will now have access to an already established research and development infrastructure, representing a significant financial and time savings. We have been quite pleased with CRF to date as each of the parties has fulfilled its obligations. We look forward to beginning the application phase with them shortly." The Company will close its facility in Trois Rivieres Trois Ri·vières or Trois-Rivières A city of southern Quebec, Canada, at the confluence of the St. Lawrence and St. Maurice rivers. Founded in 1634, it is a river port and manufacturing center with a pulp and paper industry. Population: 46,264. , Quebec in conjunction with this move. Also, Nano World Projects has established an advisory board which will include representatives from both Centro Ricerche Fiat and the scientific community. Barry Herman has resigned from the Board of Directors to purse other opportunities. About Nano World Projects: Nano World Projects is pioneering the industrialization industrialization Process of converting to a socioeconomic order in which industry is dominant. The changes that took place in Britain during the Industrial Revolution of the late 18th and 19th century led the way for the early industrializing nations of western Europe and of a revolutionary new field of molecular-level building materials Building materials used in the construction industry to create . These categories of materials and products are used by and construction project managers to specify the materials and methods used for . . The company expects its nanotechnology applications With nanotechnology, a large set of materials and improved products rely on a change in the physical properties when the feature sizes are shrunk. Nanoparticles for example take advantage of their dramatically increased surface area to volume ratio. Their optical properties, e.g. to facilitate great technological strides in many disciplines, including health, chemistry, electricity, and optic. Nanotechnology has the potential to improve industrial processes, from the creation of computer storage devises with greater data capacities, to highly effective-friction coating for metals. Note: Statements in this release which are not historical facts are forward-looking statements. Actual future results may differ materially. The risks, uncertainties, and other factors that could influence actual results are described in the company's annual and periodic reports filed with the US Securities and Exchange Commission. This Press Release contains forward-looking statements and safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. statements as defined by the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, other than historical facts, which reflect the view of Company's management with respect to future events. Such forward-looking statements are based on assumptions made by and information currently available to the Company's management. Although management believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors that could cause actual results to differ materially from such expectations include, without limitation, the ability of the Company i) to generate levels of revenue and adequate cash flows from its operations to support and maintain its current cost structure and ii) to develop and deliver products that are competitive, accepted by its markets and are not rendered obsolete by changing technology. The forward-looking statements contained herein reflect the current views of the Company's management with respect to future events and are subject to these factors and other risks, uncertainties and assumptions relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the operations, results of operations and financial position of the Company. The Company assumes no obligation to update the forward-looking statements or to update the reasons actual results could differ from those contemplated by such forward-looking statements. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion