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Quotes & Info
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| CTLE > SEC Filings for CTLE > Form 8-K on 1-Aug-2012 | All Recent SEC Filings |
1-Aug-2012
Completion of Acquisition or Disposition of Assets
On May 1, 2012 the Company entered into an agreement with Respect Innovations, Inc. ("Respect") relating to the acquisition from Respect of technology which uses microscopic particles to form solid laminates and chemical coatings.
On July 31, 2012 the Company issued 100,000,000 shares of its common stock in exchange for an assignment of the nanotechnology. The Company plans to use this technology, known as "nanotechnology" to develop and manufacture various laminates and coatings for use on windows and surfaces. The Company believes that the nanotechnology has benefits such as heat retention, wind resistance, blast mitigation, ballistic resistance and smash resistance. Furthermore, the nanotechnology would allow for the imprint of radio frequency bands and other information into the laminate or coating for identification and tracking purposes. The laminates and coatings can be manufactured in any color.
For more information regarding the agreement between the Company and Respect see the Company's report on Form 8-K filed on June 6, 2012.
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