GUADALAJARA, Mexico, July 31, 2019 (GLOBE
NEWSWIRE) -- via NetworkWire – OTC CSSI (Costas Inc.),
DBA Atlas Nanotech, today memorialized an agreement with
Laboratorios Gem S.A. de C.V. of Mexico City gemlabs.mx.
The contract calls for Atlas to sell stabilized and
functionalized silver nanoparticles to Gem Labs for use
in the manufacture of one of Gem Labs proprietary
products. This agreement represents an initial source of
income for Atlas with revenue anticipated as soon as Q3
2019.
How Nanotechnology Will Change Your Life
The
contract is understood as a first act of trade between
the parties and goes on to define initial terms of a
licensing agreement for the use and exploitation of
Nanogasa (nanogasa.com),
a patented development of Atlas Nanotech.
Professor David de la Mora, Atlas chairman, stated, “the
production for sale of raw nanotechnology material is a
growing industry,” adding, “the acceptance by Gem Labs
of our nano material shows that we can produce a stable
quality product at a competitive price.”
Gem
Labs President Ivan Lopez stated that several other
firms had been considered for the contract, however
based on a sample provided by Atlas, it was the nano
particles produced by Atlas that met the highest
standards sought after by Gem Labs for its products.
Dr.
Julio César Riestra, CEO of Atlas, said while it is
important for Atlas to begin receiving these revenues
from the sale of raw nanoparticles, it is of greater
consequence for the firms to form a relationship and
alliance; in particular, with a company of such stature
as Gem Labs. There are many synergies that the two
companies can exploit going forward, he said.
About COSTAS Inc. DBA Atlas Nanotech
Costas Inc. has been trading under the symbol CSSI since
the year 2014. With the recent acquisition of the
Guadalajara-based nano-medical firm Atlas Nanotech, it
now enters the new dynamic market of nanotechnology
development and manufacturing.