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Seattle-based CNT Technologies Promises Aircraft, Automobiles and Space Vehicles That are Lighter, Stronger, and More Fuel Efficient
Thu, 09 Aug 2007, 17:50:00 EDT Edited by Carly Zander    SEATTLE, Wash. - Aug. 9 (SEND2PRESS NEWSWIRE) -- CNT Technologies, Inc. announced today its recent carbon nanotube fiber award from MICRO NANO 25 as "one of the most innovative products of 2007" selected by the editors of R&D Magazine and MICRO/NANO Newsletter. "We are encouraged that the public is being informed that we are on the cutting-edge of technology and innovation with our super-strong light weight CNT fiber," stated Robert O'Leary, CEO. The award winning CNT fiber, which is pound-for-pound approximately 500% stronger and stiffer than any engineering material in the world, is grown in a CVD Equipment ET3000 furnace and spun on a computer-controlled spinning machine developed by CNT Technologies. One-tenth the weight of carbon fiber, the CNT fiber will be commercially produced by CNT Technologies on high-speed spinning machines and promises to revolutionize the manufacture of aircraft, automobiles, satellites, sporting equipment and tens of thousands of additional products. "It is analogous to leaping in one bound from the Bronze Age to the age of high-strength steel and aluminum. Companies that do not have access to our product will simply be unable to compete and maintain market share," stated O'Leary. CNT Technologies is in discussion with major companies and investors to construct a small production plant at its facility in Los Alamos, NM which will be used to market product to hundreds of corporate customers. Any inquiry should be directed in writing to Thomas Puzzo, General Counsel, CNT Technologies Inc. at: puzzo@cnt-technologies.com. About CNT Technologies CNT Technologies is the leading producer of carbon nanotube fiber and has developed advanced fiber and yarn spinning equipment, software and other technology related to mechanical and vacuum drafting/electromagnetic spinning of carbon nanotube fiber and yarn. Forward-looking Statements: Statements in this press release may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "intend," "promise," "will" and similar expressions, as they relate to the company or its management, identify forward-looking statements. These statements are based on current expectations, estimates and projections about the company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above. In addition, such statements could be affected by risks and uncertainties related to product demand, market and customer acceptance, competition, pricing and development difficulties, as well as general industry and market conditions and growth rates and general economic conditions. Any forward-looking statements speak only as of the date on which they are made, and CNT Technologies does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.
NEWS SOURCE: CNT Technologies, Inc.
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