Nano Labs Announces Nano Paint Coating Patent Update

New Nano Paint Coating Has Improved Resistance to Environmental Conditions Such as UV and IR Radiation, Acid Rain, Fungi and Bacteria, Corrosion and Oxidation, and Cold and Heat

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| Source: Nano Labs Corp.

DETROIT, Nov. 8, 2013 (GLOBE NEWSWIRE) -- Nano Labs (OTCBB:CTLE) is pleased to announce the Company has amended and updated the patent for the Company's next-generation coating (previously announced on November 13, 2012).

This new application claims priority of US provisional patent application 31/720,716, filed on October 31, 2012.

The new coating has improved resistance to environmental conditions such as UV and IR radiation, acid rain, fungi and bacteria, corrosion and oxidation, and cold and heat (providing fire and heat protection at temperatures of up to 1,500 degrees Celsius (2,732 Fahrenheit) for the case of solvent-based and up to 1,200 degrees Celsius (2,192 Fahrenheit) for water-borne versions).

Three significant advancements in the patent application include the areas of flame retardant and heat protection, improved rheology modifiers (for both solvent and water-based versions), and the coatings anti-bacterial properties.

The nano thermal insulation coating outlined in the provisional patent may be directly applied to virtually any surface, from wood to metal, often without the need to remove existing coatings. The nano thermal coating is also resistant to corrosion, rust, water, and oxidization — making it particularly durable, as does its capability of reflecting up to 82% of ultraviolet rays that, over time, can contribute to deterioration involving structural materials such as plastics and PVC. The coating protects against acid rain, does not emit or retain odors, is particularly effective as a barrier against toxic materials such as anti-bacterial and anti-fungal, and displays auto-wash properties in the rain while maintaining a shimmering clear or white color.

"Our nanotech coatings are suitable for applications on a wide variety of materials including metal, cement, bricks and wood, and may be used in anything from buildings, car parks and roads, to refineries and pipelines. Our coatings are commercially and economically viable for use across all industry applications, " states Mr. Bernardo Camacho, President of Nano Labs. "In fact, we are installing one of our first commercial applications in the first quarter of next year with Pemex at their Francisco I. Madero Refinery, Mexico. As our flagship commercial product entering the market, we believe it is commercially strong and diverse. There is immense potential for this coating's application in industrial and residential settings worldwide and we are continuing to test with a variety of industry partners, distributors and government bodies. I am very bullish on the future outlook of our nano coatings in the global marketplace."

Commercial parties interested in learning more or receiving samples of the nano coating are invited to contact Mr. Bernardo Camacho Chavarria, President of Nano Labs, at bernardo@nanolabs.us or by phone at 1 (888) 806-2315.

About Nano Labs Corp.

Nano Labs Corp. (the " Company") (OTCBB Ticker Symbol "CTLE") is a nanotechnology research and development company which began during October 2012, but is able to access resources that encompass nearly 30 years of research and development in nanotechnology as well as hundreds of peer-reviewed and published research papers and other scholarly material. The Company's research and development team of scientists, designers, and engineers is focused on creating a portfolio of products of advanced products that could provide benefits to a variety of industries including: (i) consumer products, (ii) energy, (iii) materials, and (iv) healthcare. Through the use, and integration of proprietary nano compounds, our goal is to evolve common products, into new, revolutionary products, in order to make the world a better place. Nano Labs shares are traded on the OTC Bulletin Board in the United States under the ticker CTLE. For more information, please visit www.Nanolabs.us.

The Nano Labs Corp. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=16293

Forward looking statements

This press release contains forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1993 and Section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those laws. These forward-looking statements are based upon a number of assumptions and estimates that are subject to significant uncertainties that involve known and unknown risks, many of which are beyond our control and are not guarantees of future performance. Actual outcomes and results could materially differ from what is expressed, implied, or forecasted in any such forward-looking statements and any such difference may be caused by risk factors listed from time to time in the Company's news releases and/or its filings with the OTC Bulletin Board or as a result of other factors.

Mr. Bernardo Camacho Chavarria
President, Nano Labs
1 (888) 806-2315