York, NY, April 5, 2005. ApNano Materials, Inc. (www.apnano.com),
a provider of nanotechnology-based products, today
announced that its NanoLub lubricant, the world’s
first commercial nanotechnology-based solid lubricant,
was found to be non-toxic in testing performed by
Harlan Biotech Israel Ltd., an accredited testing
laboratory for pharmacological toxicity studies, located
in Rehovot, Israel. These tests are in addition to
excellent results obtained from field and beta site
tests performed by major global lubricants and automotive
"Harlan Biotech is certified to be in complete
compliance with international standards of the OECD
(Organization for Economic Co-Operation and Development).
The acute toxicity testing was done in full accordance
with European Commission directives for Good Laboratory
Practice (GLP)," said Dr. Niles Fleischer, Vice
President of Business Development and Product Development
of ApNano Materials. “The lab results recognize the
environmental friendly nature of NanoLub.”
“The findings show that NanoLub is safe and using
this revolutionary material as a solid or dry lubricant
to replace common liquid lubricants or as an additive
to enhance the performance of regular lubricants is
not only extremely beneficial but also not harmful,"
said Dr. Menachem Genut, President and CEO of ApNano
Materials. “There is always a concern when new materials
are introduced to the industry, especially these days
with regards to the use of nanotechnology based materials.
We are glad that our material was clearly shown to
be non-toxic and can be used in a variety of applications."
Genut added that “using NanoLub enhances the performance
of moving parts e.g. in gear boxes, transmission systems
and axles. This will significantly reduce the fuel
consumption which will lead to less air pollution.
Furthermore, NanoLub can replace current used additives
to oils and greases which some are very toxic, which
due to health regulation are about to be banned in
many countries. In addition, the laboratory’s findings
open new horizons for NanoLub in medical applications.”
“The non toxicity confirmation is great news as it
guarantees that the production of NanoLub in our planned
semi-industrial facility, to be built shortly following
the successful completion of our recent $6 million
fundraising, will produce an environmentally friendly
material,” said Aharon Feuerstein, ApNano Materials’
Chairman of the Board. The new plant will produce
150 kg a day of NanoLub.
NanoLub is based on nano-spheres and nanotubes of
inorganic compounds that were discovered at the Weizmann
Institute of Science, Israel. NanoLub particles have
a unique structure of nested spheres that lubricate
by a special mechanism that can be considered as the
rolling of millions of miniature ball bearings, thus
greatly reducing friction and wear.
Dr. Menachem Genut was a co- discoverer of these novel
inorganic nanostructures as a member of the Institute’s
Nanomaterials Synthesis Group headed by Professor
Recently ApNano Materials has been selected as a Top
100 Innovator by Red Herring and has been named by
InnovationWORLD as one of the 21 companies that are
poised for growth in the 21st century.
About ApNano Materials
ApNano Materials (www.apnano.com), a private company
incorporated in the US in 2002, is headquartered in
New York, USA. Its fully-owned Israeli subsidiary
- NanoMaterials, Ltd., is located in the high tech
science park adjacent to the Weizmann Institute campus
in Rehovot, Israel. The company was granted an exclusive
license by Yeda Research and Development Co. Ltd,
the commercial arm of the Weizmann Institute of Science,
Israel, to manufacture, commercialize and sell the
new nanomaterials discovered at the Institute. The
shareholders of ApNano Materials, besides the founders,
are Newton Technology VC Fund, Yeda Research and Development
Co. LTD. (the commercial arm of the Weizmann Institute
of Science), AYYT Technological Applications and Date
Update LTD. (the commercial arm of Holon Academic
Institute of Technology, Israel) and private investors.
NanoLub is a registered trademark of ApNano Materials.
Kanaan Public Relations