Nano Labs Issues Summary Report on Nano Gasoline ASTM Test Results

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DETROIT, Oct. 17, 2013 (GLOBE NEWSWIRE) -- Nano Labs Corp. (OTCQB:CTLE) is pleased to issue an update report on a series of standard ASTM tests that were performed on the Company's proprietary Nano Gasoline (NG). The tests chosen represent some of the key test indicators that determine the characteristics and performance of gasoline.

As previously reported on September 24, 2013, the Nano Gasoline (NG) combines 60% commercial grade gasoline with 40% ordinary drinking water plus the Company's proprietary nanotechnology.

The ASTM tests conducted included:

1. Appearance

2. Density

3. Distillation

4. Driveability Index

5. Washed Gum

6. Cloud-Freezing Point

The Company will continue to conduct the balance of ASTM tests that require country-by-country certification, by example including but not limited to, sulfur, phosphorous, benzene, and lead content; vapor pressure; and copper and silver corrosion.

1. Appearance

NG is extremely clear and favorably passed the Appearance Test. Where virtually all water-oil emulsions are milky white in color, since the nano particles are so minute, there is no light scattering and NG appears identical to typical gasoline.

2. Density

NG's density is slightly higher than gasoline.

3. Distillation

NG is within all Min and Max distillation specifications for gasoline.

4. Driveability Index

NG performed favorably in the Driveability Index test. Driveability Index is a parameter based on distillation temperatures and is designed to ensure good vehicle performance relating to time-to-start, stalls, hesitation, stumble, surging and backfiring, after a cold engine start. Nano Labs' Driveability Index is 453, meaning NG is excellent for driving.

5. Washed Gum

Test performed to measure "sticky gummy material/residue". NG reported less than 1, where the cutoff specification is 5.

6. Cloud-Freezing Point

The Company also tested the Cloud-Freezing Point, not a standard ASTM test, but of interest to see if NG may be used in cold climates. At minus 45 degrees Centigrade, NG was still intact, meaning the water in the emulsion did not freeze or "come out" of the solution and thus break the emulsion.

The Company previously reported the NG Octane Index Values on September 27, 2013, as follows:

ASTM Test Method D2699 Octane Number Research: > 100

ASTM Test Method D2700 Octane Number Motor: 92.2

ASTM Test Method CALC Octane Index: > 96.1

The Company previously reported the NG BTU Value on September 30, 2013, as follows:

BTU value = 35,659 kJ/kg

The Company plans to continue to run tests against commercial grade gasoline in various international markets and complete side-by-side comparison testing.

"Petroleum naphtha or straight run gasoline, is a generic term rather than a specific term. It is a an intermediate hydrocarbon liquid derived from the refining of crude oil, and there are hundreds of petroleum crude oil sources worldwide and each crude has its own unique composition. It is therefore virtually impossible to provide a definite, single definition of the word naphtha." states Dr. Castano, Chief Innovations Officer of Nano Labs. "Generally, the fractions obtained from the distillation of petroleum is the following: 1-2% light hydrocarbons (methane, ethane, propane, butane gas), 15-30% naphtha or straight run gasoline (it is the base of gasoline before it is upgraded), 5-20% kerosene, 10-40% heavy oils (which can be cracked to produce other products including naphtha) and the balance is undistilled residue (residual oil, paraffin, asphalt). Generally naphtha has an Octane Index of between 65 and 75, so let us say an average of 70. As you can see, if we can boost the Octane Index from 70 to 'Regular' or 'Super' gasoline using the Nano Gasoline, the impact could be significant. As our next steps, we are proposing to experiment and blend naphtha with the Nano Gasoline until we get the right Octane Index to help us commercialize."

About Nano Labs

Nano Labs Corp. (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 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.

CONTACT: Nano Labs Corp. Bernardo Camacho Chavarria President 1 (888) 806-2315

Source:Nano Labs Corp.