NANCHONG, China, April 7 /PRNewswire-Asia-FirstCall/ -- American Nano Silicon Technologies, Inc. (OTC Bulletin Board: ANNO) ("American Nano" or "the Company"), a leading manufacturer and distributor of Micro-Nano Silicon, a basic raw material for detergents and other applications in the chemical industry, announced today that the Company has entered into a cooperative research and development agreement with Technical Institute of Physics and Chemistry of the Chinese Academy of Sciences (CAS). The agreement states that American Nano and Technical Institute of Physics and Chemistry of CAS will create a new Ultra Fine Chemistry Research Center, which will concentrate on developing improvements to Micro-Nano Silicon and expanding the use of Micro-Nano Silicon in various industrial fields. In particular, the Research Center will seek to broaden the application of Micro-Nano Silicon ultra fine structured chemicals in the creation of environmentally friendly chemical products.
The 10-year cooperative agreement provides that all research will be conducted on site at the Company's facilities. Pursuant to the terms of the agreement between American Nano and the Technical Institute of Physics and Chemistry of CAS, the Company will provide 500,000 RMB in first year and available laboratory instruments and equipment. The Technical Institute of Physics and Chemistry of CAS will provide personnel to develop materials and technology that will improve the efficiency of the application of ultra fine chemicals. American Nano will have an exclusive option and right of first refusal to obtain a royalty-bearing license on commercially reasonable terms to the Technical Institute of Physics and Chemistry of CAS's ownership interest in certain intellectual property resulting from the research center's activities.
The cooperation between American Nano and the Technical Institute of Physics and Chemistry of CAS will accelerate technological innovation by attracting outstanding scientific talent and enabling wider cooperation between American Nano and other Chinese research communities. According to the cooperative agreement, the collaboration will focus on areas of:
-- Development of ultra fine crystal structured chemicals in various
industrial fields
-- Environmentally friendly chemical products
-- Research and development of ultra fine chemical products
-- Development and application of innovative construction materials
"We are pleased to have reached an agreement with the Technical Institute of Physics and Chemistry of CAS to create this new Ultra Fine Chemistry Research Center," said Mr. Pu Fachun, the Company's CEO, "It is important for us to provide our customers with products developed with state of the art technology. Cooperation with the Technical Institute of Physics and Chemistry of CAS will enhance our Company's R&D capability, and will also aid the Technical Institute of Physics and Chemistry of CAS in its efforts to use its unique and creative research skills in commercial performance. We are excited about the collaboration."
About American Nano Silicon Technologies, Inc.
American Nano Silicon Technologies, Inc., through its 95%-owned subsidiary, Nanchong Chunfei Nano Silicon Technologies Co., Ltd., is engaged in the business of manufacturing and distributing Micro-Nano Silicon. Micro-Nano Silicon(TM) is adaptable to and widely used in many consumer and industrial products, including laundry detergent, petrochemical, plastics, rubber, paper, ceramics and water treatment materials, etc.
About the Technical Institute of Physics Chemistry of the Chinese Academy of Sciences (CAS)
The Chinese Academy of Sciences (CAS) is a leading academic institution and comprehensive research and development center in natural science, technological science and high-tech innovation in China. The Technical Institute of Physics and Chemistry of the Chinese Academy of Sciences (CAS) is one institute of CAS. There are 257 professional staff, including four members of the Chinese Academy of Sciences, one of whom is a fellow of the Third World Academy of Sciences, two members of the Chinese Academy of Engineering, 59 full professors and equivalent, and 85 associate professors. The Institute mainly engages in technological innovation and development. As required by national strategic needs and to pursue the international frontier of science and technology, the Institute carries out applied basic research, strategic high-tech research and commercialization.
Safe Harbor Statement
This release may contain certain "forward-looking statements" relating to the business of American Nano Silicon and its subsidiary companies, which can be identified by the use of forward-looking terminology such as "believes," "expects," "anticipates," "estimates" or similar expressions, including, but not limited to, statements regarding the continued demand for American Nano Silicon's products, American Nano Silicon's ability to sustain growth for the balance of the year and American Nano Silicon's ability to generally meet all of its objectives. Such forward-looking statements involve known and unknown risks and uncertainties, including all business uncertainties relating to product development, marketing, and concentration in a single customer, raw material costs, market acceptance, future capital requirements, and competition in general and other factors that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Certain of these risks and uncertainties are or will be described in greater detail in the Company's filings with the SEC. Except as required by law, American Nano Silicon will not update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
For more information, please contact:
Company Contact:
Mr. Peter Y. Deng, Secretary
Email: rockcream2006@gmail.com
Tel: +1-212-232-0120 x224
Investor Relations Contact:
Joseph Pettinelli, IR consultant
J and M Group LLC
518 Virginia Avenue suite 301, Towson, MD 21286
Email: jandmgrp@yahoo.com
Tel: +1-410-828-5500
