NaturalNano, Inc. (Pink Sheets:NNAN) (Frankfurt:N3N), announced today issuance of a second patent, 7,679,883 dealing with use of its proprietary Halloysite materials (HNT™) in high performance energy storage devices called Ultra Capacitors.
Our first patent, 7,400,490 for Ultra Capacitors comprised of Mineral Microtubules, takes advantage of the extremely small size and high surface-to-volume of Halloysite, as well as its chemical stability, to provide improved electrolyte performance in high energy storage capacitors such as ultracapacitors and supercapacitors. These devices hold the potential to surpass batteries in applications such as hybrid and pure electric vehicles, cordless tools and appliances, and other distributed power applications due to their long life, extremely fast recharge times, and lower environmental impact at the end of their useful life.
CEO James Wemett said, "The newly issued patent goes into further detail, including use of activated carbon, conductive polymers, and carbon aerogels." Wemett continued, "We believe this patent will position us well to target a quickly growing market segment that not only benefits our company but could be a significant contribution to the 'green' initiative." "Both these patents are available for licensing," Wemett stated.