NanoStruck's Solution For Water Purification

NanoStruck Partners with University and Makes Acquisition to Speed NanoFilter Development

NanoStruck Technologies Inc. is developing technologies that can remove particles, at the molecular level, from water using patented absorbent organic polymers. The technology has a number of applications and can be used from water sanitation and purification (whether the water has been affected by contaminants of either a biological or industrial nature) to materials recovery.

The ‘filters' use biologically derived materials, which depending on the application, can be drawn from the shells of crustaceans or from plants. The nanometer-sized polymers behave like molecular sponges and they can be designed to address the specific particle to be absorbed. Therefore, the ‘sponges' can detect and trap acids, hydrocarbons, pathogens, oils and toxins from water. They can also be used to recover precious metal particles often found in water such as gold, silver, platinum, palladium and rhodium.

Nanostruck in conjunction with researchers from the University of Saskatchewan have been able to isolate the characteristics of crustaceans such as shrimp or lobsters, which are able to survive in highly polluted environments because their shells are one of nature's most effective filters. The ‘shrimp' derived sponges can be combined with other methods such as ultrasonic waves and electrical coagulation to further break down organic particles and oils.

In July, Nanostruck announced that it had signed a binding agreement to acquire a technology company, which will expand the reach of its technology both in research capability, revenue and profitability. Between 2011 and 2013, the target company recorded annual revenues of between CAD$ 4.23 million and CAD$ 7.03 million and a pre-tax profit of between USD$ 460,000 and $ 1,210,000. The Target Company offers clean technology solutions for the mining, water treatment, clean energy and specialty chemicals industry such that Nanostruck will be able to offer more integrated solutions based on its nanotechnology in line with the Company's expansion strategy in such areas as water treatment, tailings and mineral processing across a wider range of markets. The Target Company also owns patents and brings a great deal of expertise based on proprietary technologies.

"This acquisition is transformative for both parties," says Bundeep Singh Ranger, Chairman of NanoStruck's board of directors. "It helps realize our strategic goals of growing revenue, increasing technology prowess and expanding in new markets."

A variation of the technology, NanoMet solutions recover precious metals, including gold, silver, platinum, palladium, and rhodium from mine tailings.

This acquisition will enable NanoStruck to speed up the timetable for commercializing its technologies for recovering precious metals from mining ores and tailings.

Completion of the agreement is still subject to several conditions, including final due diligence and regulatory approval. For confidentiality reasons the target business cannot be named at this point.

About the NanoStruck:

NanoStruck Technologies Inc. (‘Nanostruck', TSX: NSK | OTCQX: NSKTF | Frankfurt: 8NSK) is a Canadian company based in Mississauga, ON that is developing technologies that can remove particles, at the molecular level, from water using patented absorbent organic polymers.

Sources:Azo NanoInvestorIntel

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Taxonomy

• Purification
• Filtration
• Technology