DETROIT, April 29, 2013 (GLOBE NEWSWIRE) -- Nano Labs Corp. (OTCQB:CTLE), a nanotechnology research and development company focused on creating a portfolio of advanced products in the consumer, energy, materials and healthcare industries, is pleased to announce today that Mr. Mark Sternberg has joined Nano Labs' Board of Advisors.
Mr. Sternberg has an extensive business background including IP management, mergers & acquisitions, complex business transactions, licensing agreements and strategic business development.
Mr. Sternberg has successfully leveraged his manufacturing, management, and sales experience in nanotechnology, specifically nanomaterial abrasive products. He is currently the Director of Strategic Business Development for MTI Holdings, a Ft. Washington, PA company, providing consulting specializing in functional nanomaterial applications. Clients include large multi-national corporations and private companies.
Prior to joining MTI, Mr. Sternberg was the National Sales Manager for Films of Saint-Gobain Abrasives (SGA), Worcester, MA. SGA, a world leader in abrasive products and is part of the Saint-Gobain Group with annual revenues exceeding 42 billion euro in 2011. With SGA, his responsibilities included the sales and marketing strategy of precision nanomaterial lapping and finishing coated abrasive films and the management of a large sales force and distribution network, who handled products ranging from grinding wheels to nanomaterial precision films.
Prior to his appointment with SGA, Mr. Sternberg was the CEO of Moyco Precision Abrasives, a manufacturer of lapping films and micro-finishing films until the business was successfully acquired by Saint-Gobain Abrasives in 2008.
Mr. Sternberg received his MBA in Finance from Temple University and his BA from Emory University.
In addition to joining the Company's Advisory Board, Mr. Sternberg has entered into an agreement with Nano Labs whereby he has been granted 500,000 compensation warrants that may be exercised to purchase common shares of the Company over a 2 year period at a price of $0.40 for business development and strategic consulting services.
About Nano Labs
Nano Labs Corp. (OTCQB:CTLE) is a nanotechnology company which 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 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.
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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.