News November 21November 22, 2013 - VANCOUVER, Canada - NanoStruck Technologies Inc. (the "Company") (CNSX: NSK) (OTCQX: NSKTF) (Frankfurt: 8NSK) is pleased to announce the appointment of Mr. Somail S. Bains as the Chair of the NanoStruck Advisory Board effective immediately. The Company is establishing an Advisory Board of eminent individuals to assist with science, technology, governance and business development.
Mr. Bains has extensive experience in business transformation, finance, risk management consultative sales, and offering development. He is also a certified lean six-sigma black belt.
Mr. Bains has spent the last 20+ years at Xerox Corporation in a wide range of assignments across the corporation. He began his career in manufacturing and quickly moved to product strategy, controllership roles, pricing operation, and global program management.
In his role at Xerox, Mr. Bains successfully implemented many process improvement initiatives for Xerox and its clients over the years. Mr. Bains has successfully resolved several complex service implementations with the development of a benchmark worldwide risk management process. This process is being used across the corporation today. As a result, Mr. Bains has significant experience in profitability improvement and risk management of large-scale client outsourced operations.
Currently, Mr. Bains is a director of bid operations at Xerox where his team focuses on strategic sales to Fortune 1000 clients.
Mr. Bains holds a Bachelor of Science in Chemistry from Duke University and an MBA from Rochester Institute of Technology.
Bundeep Singh Rangar, interim CEO and Chairman of the Board said: "We are pleased to bring Mr. Bains on board and believe that his credentials and expertise in the commercialization of newtechnologies
will be a real asset to the Company."
About the Company
NanoStruck Technologies Inc. is a water remediation company with a suite of patented technologies and proprietary nano-biotechnology that provides environmentally safe solutions for water purification, restoration and contamination issues. The Company uses the EPA guidelines as a benchmark for what constitutes safe agricultural or drinkable water, and tailors these guidelines to those standards that are acceptable in the jurisdiction in which the technology is used. Additionally, the Company's technology can be used to recover heavy and precious metals from mine tailings.
The first water treatment facility began operating on January 14, 2012 in Mexico. It has been successfully removing leachate from water in a landfill and producing clean water certified by Conagua, the federal water commission of Mexico.
In addition, the Company has a patent pending technology that recovers precious metals contained in tailings. At the end of the process, the water is remediated and can be reused.
The Company's current business model is based on entering into long term agreements (plant installation and operating agreements) with clients pursuant to which the Company funds the capital costs of building and installing its treatment plants. Pursuant to a plant installation and operating agreement, the client pays the Company a negotiated dollar value per cubic meter of treated water with a negotiated guaranteed minimum number of cubic meters to be treated per annum.
The Company also holds a 100% undivided interest in the Holy Cross Property, which consists of a single mineral exploration tenure covering 2,005 hectares within the Omineca Mining Division of north central British Columbia.
On behalf of the Board of Directors:
Raj Kurichh, Chief Marketing Officer
T: (905) 813-0900
E: info@nanostruck.com
W: www.NanoStruck.com
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FORWARD LOOKING INFORMATION
This press release contains forward-looking statements. The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe" and similar expressions are intended to identify forward-looking statements. Statements relating to "reserves" or "resources" are deemed to be forward-looking statements because they involve the implied assessment, based on certain estimates and assumptions that the resources and reserves described can be profitably produced in the future.
Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company's Management's Discussion and Analysis for the nine months ended June 30, 2013 and filed on August 29, 2013 and for the year ended September 30, 2012 and filed on January 23, 2013 under the Company's profile on www.sedar.com.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME.
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