YORK--(BUSINESS WIRE)--Oct. 26, 2004--GEMZ Corp. (OTC:
GMZP) today announced that it is in negotiations to
acquire a nanotechnology based on bucky balls.
Bucky balls, also known as Fullerenes, after the architect
Buckminster Fuller, are the roundest and most symmetrical
large molecule known to man and are the largest symmetrical
molecules known in the nanoscience world. A bucky
ball is chemically stable and is an allotrope of carbon.
Bucky balls are hollow spheres and ovoids. They are
formed from 60 carbon molecules in the shape of a
sphere. and are made up of twelve hexagons connected
to twenty pentagons, forming a figure similar to a
soccer ball. One form of bucky ball, known as C60
is the third major form of pure carbon; graphite and
diamond are the other two. Graphite and diamonds have
greatly improved technology in many fields, with their
properties, such as their strength and hardness. The
C60 molecule has the special property of being able
to absorb large numbers of hydrogen atoms--almost
one hydrogen atom for each carbon atom --without disrupting
the bucky ball structure. This property suggests that
fullerenes may be a better storage medium for hydrogen
than metal hydrides, the best current material, and
hence possibly a key factor in the development of
new batteries and even of non-polluting automobiles
based on fuel cells. If we can manipulate carbon into
a structure that can absorb hydrogen, then hydrogen
can used as a fuel, like gasoline.
The technology that GEMZ Corp.
is negotiating to acquire focuses on using bucky balls
as a method of storing hydrogen to create better batteries
and/or fuel cells.
About GEMZ Corp.
GEMZ Corp. is a publicly traded
company located in New York City. Its new corporate
website is www.gemzcorp.net.