NANCHONG, China, Sept. 29 /PRNewswire-Asia-FirstCall/ -- American Nano Silicon Technologies, Inc. (OTC Bulletin Board: ANNO) ("ANNO" or "the Company"), a leading manufacturer and distributor of micro nano silicon based products, announced today that the Company plans to launch its new product offering - non-halogen phosphate flame retardant additive for plastic industry. The new application of micro nano silicon developed by the Company's R&D center has passed the stringent flame retardancy standard test and the Company is designing a production line that will ultimately yield production of approximately 30,000 tons per year. The first of these production lines, which will immediately yield up to 5,000 tons of production capacity, will begin construction in October 2010 with the remainder expected to be completed by the summer 2011. The Company expects that upon completion the 30,000 ton production line will yield $35 MM in revenue with $12 MM in net profit annually.
In 2009, the annual global production of plastic material was over 300 million tons with an annual demand for flame retardant additives in excess of 24 million tons. When exposed to flame, the Company's non-halogen phosphate flame retardant product is a shown to be comparatively less toxic, with lower smoke density and minimally invasive odor when compared to its competitor's products. Additionally, the Company's non-halogen phosphate flame retardant additive features a lower specific gravity, lower loading levels and non-blooming help to exemplify the overall cost savings that benefit the user from importing products.
"The introduction of this non-halogen phosphate flame retardant additive once again reinforces our Company's commitment to technological innovation," Mr. Pu Fachun, the CEO of the Company commented, "being applied as a non-halogen phosphate flame retardant additive creates another commercial performance advantage for micro nano silicon as an ultra fine crystal structured chemical material. We believe American Nano has the potential to become the industry leader in high performance flame retardant additives. " Mr. Pu continued, "We are committed to protecting the environment by developing environmentally friendly products. All of our products are based on emerging technology and are an important contribution to improving consumer safety while being environmentally friendly."
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 based products. While the Company's micro nano silicon based products are focused on the concrete and non-phosphate detergent industries, 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.
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. These forward-looking statements include, but are not limited to, statements regarding the continued demand for American Nano Silicon Technology, Inc.'s products, American Nano Silicon Technology Inc.'s ability to sustain growth for the balance of the year, and its 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 small number of customers, raw material costs, market acceptance, future capital requirements, and competition in general as well as 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 Technology, Inc. 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
Vice President of IR
Email: peterydeng@gmail.com
Tel: +1-973-991-8901
Investor Relations Contact:
Joseph Pettinelli
IR consultant
J and M Group LLC
Add: 518 Virginia Avenue suite 301, Towson, MD 21286
Email: jandmgrp@yahoo.com
Tel: +1-410-828-5500
