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Exhibit 99.1
NanoWorld Projects Corporation
NASD OTC BB: NAPH
Website: www.nanoworldprojects.com
NANOWORLD ACQUIRES EUROINKS
Adds Revenues, Significant Client Base, Strong Business Synergies
New York, New York - November 22, 2000 - NanoWorld Projects Corporation
announced today that the company has signed an agreement to acquire Euroinks
s.r.l, an Italian company engaged in the production of high-quality thick film
screen printing inks. Euroinks' most important markets are:
. Electronics - for capacitors, piezoceramics, hybrid circuits, for example;
. Photovoltaic - for solar cells;
. Glass - for the automotive sector (silver pastes and ceramic enamels);
. Liquid gold - for ceramic tiles and decorative applications.
"The Euroinks acquisition makes a very clear statement about NanoWorld's
strategic direction," said Robert Papalia, Director and Chairman of NanoWorld.
"Their reputation is of the highest caliber. Their profits are typically higher
than 20 percent of sales, and their products are known and respected in some of
our key markets. For example, through Euroinks, we are developing and selling
products for the automotive and photovoltaic industries. Euroinks manufactures
the silver conductive pastes used in rear-window defrosters and silicon solar
cells. They will provide a strong technology base for the further development
of our Dynamic Thin Laminar Flow process and general applications of related
nanoparticles, as well as providing us with an entry into the broader automotive
market."
About Euroinks
Founded in 1992, Euroinks supplies two major autoglass manufacturers, Pilkington
Automotive and Saint-Gobain, with the conductive silver paste for a client list
that now includes GM Europe, Ford Europe, DaimlerChrysler, Renault-Nissan,
Toyota, Volkswagen, BMW, Fiat, and Peugeot. Its sales give it approximately 10
percent of the world market for this application of silver pastes. As well, the
company currently has 10 percent of the world market for the photovoltaic
metalisations for silicon solar cells, and supplies them to BP/Amoco, ENI (the
national state petroleum company in Italy), TATA (of India), and Isofoton (of
Spain), to name only a few. Euroinks' expertise in the creation of powder,
paste, and liquid metals for industrial use aptly complements NanoWorld's focus
on molecular applications.
About NanoWorld Projects:
NanoWorld Projects is pioneering the industrialisation of a revolutionary new
field of molecular-level building materials. The company expects its
nanotechnology
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applications to facilitate great technological strides in many disciplines,
including health, chemistry, electricity, and optics. Nanotechnology has the
potential to improve industrial processes, from the creation of computer chips
with greater storage and processing capabilities to highly effective anti-
corrosion coatings for metals.
NanoWorld's technology has piqued the interest of a wide range of business,
political, and academic powerhouses. The technology was made a White House
priority when President Bill Clinton allocated US$500mm from the 2000 federal
budget towards nanotechnology research and development. With that context and
to better exploit and expand its patent and technology portfolio, NanoWorld
recently announced the signing of a long-term contract to conduct joint research
in the field of nanotechnology with Centro Ricerche Fiat (CRF) - the highly
respected R&D arm of The Fiat Group of Companies.
For further information, please contact;
W. Daniel Mothersill
Ciris International Inc.
416-368-8770
[email protected]
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Note: Statements in this release which are not historical facts are forward-
looking statements. Actual future results may differ materially. The risks,
uncertainties, and other factors that could influence actual results are
described in the company's annual and periodic reports filed with the US
Securities and Exchange Commission.
