141 Capital Signs Licensing Agreement With Nanoseeds Technology Inc.
February 15 2012 - 2:51PM
141 Capital, Inc. (PinkSheets:ONCP) ("141 Capital" or the
"Company") is pleased to announce the signing of a licensing
agreement with Nanoseeds Technology Inc. ("Nanoseeds") for the
manufacture and sale of the Nanoseeds protective crop coating
technology in North America. In 2010 the total US seed industry was
valued at over $8.5 billion.
To date, testing of the Nanoseeds technology has shown
significant improvements in a wide variety of crops such as a 26%
increase in soybean yields, a 52% increase in rice yields, a 65%
increase in mung yields and a 148% increase in wheat yields. The
Nanoseeds technology is easily adapted to current methodologies for
seed preparation and planting and requires virtually no
modifications to existing industry procedures or standard
equipment.
Errol Stone, CEO of 141 Capital, stated, "We are very pleased to
have the opportunity to work with Nanoseeds and are excited to move
the Company in a new direction and begin to create shareholder
value." The Agreement represents 141 Capital's transition to a
company which has the potential to generate significant revenue in
a sector that is growing rapidly. The application of nano
technology to the agricultural and food industries was first
addressed by a United States Department of Agriculture roadmap
published in September 2003. Mr. Stone went on to state that "This
is a very exciting technology which has the capability of
transforming the entire food industry; changing the way food is
produced, processed, packaged, transported, and consumed."
The intellectual property licensed by 141 Capital is derived
from theoretical insights originated by Professor Oleg Figovsky.
Prof. Figovsky is one of the most well-recognized and accomplished
scientists and inventors in the nanotech field. He is the principal
inventor of the Nanoseeds technology; founder and co-owner of the
Polymate Ltd.-INRC; has over 40 years of experience in the field of
special coatings, adhesives, sealants and corrosion protection; is
currently the Expert of Technical Projects, Ministry of Industry
& Trade, Israel; the President of IAI (Israel), a member of the
European Academy of Sciences; Foreign Member of two Russian
Academies of Sciences (REA & RAASN) and chairman of the UNESCO
chair "Green Chemistry." Prof. Figovsky received gold and silver
medals at the IENA-98 (Nurnberg, Germany) for several of his
nanotechnology inventions and was the recipient of the Nano 50
award from NASA. Since 1999 he has been the editor-in-chief of the
journal "Scientific Israel – Technological Advantages" and since
2004 has been the editor of the international journal "Alternative
Energy & Ecology." In 2006 he received the Gold Angel Prize at
the "Genious-2006" exhibition. Prof. Figovsky is an accomplished
author of 17 books, more than 250 scientific articles, and more
than 500 patents in his name.
About Nanoseeds Technology Inc.
Nanoseeds is a Nevada based company with a proprietary
biologically active nanochip seed coating technology that improves
seed germination, plant development, produce quality, protects
seeds against adverse conditions and can significantly increase
crop yield. The Company's mission is to improve crop production and
quality and to help alleviate the growing concern of global food
shortages. While demand for agricultural commodities continues to
rise due to increasing global population growth, economic growth in
emerging markets and biofuel policies implemented by governments
across the globe, supply is becoming more stagnant. Due to the
limited amount of available arable land, the increased demand for
agricultural crops, food and other agricultural products will need
to be met by increasing yields.
About 141 Capital, Inc.
141 Capital, Inc. is a publicly traded company based in Chicago.
Its primary operations involve the manufacture and sale of the
nanoseeds protective crop coating technology, licensed from
Nanoseeds Technology Inc., in North America. Previously it was
trading commodities for its own account but has since discontinued
such operations.
This release may contain forward-looking statements. Often, but
not always, forward-looking statements can be identified by the use
of words such as "expects," "plans," "estimates," "intends,"
"believes," "could," "might," "will" or variations of such words
and phrases. Forward-looking statements involve known and unknown
risks, uncertainties, and other factors which may cause the actual
results, performance, or achievements of 141 Capital Inc. to be
materially different from any future results, performance, or
achievements expressed or implied by the forward-looking
statements. These statements are based on management's current
expectations and beliefs and are subject to a number of risks and
uncertainties. Accordingly, readers should not place undue reliance
on forward-looking statements. 141 Capital Inc. does not assume any
obligation to update the forward-looking information contained in
this press release.
CONTACT: Investor Relations
Errol Stone, Chief Executive Officer
errsto@gmail.com
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