DRAPER, Utah - Aug. 6, 2019 - NRP Stone, Inc. (SYM: NRPI) provided more information on Rare Metals and Gems Investors, LLC and possible applications for Luxium.
NRP Stone has identified several markets for testing and market penetration of Luxium. These include the following:
• Jewelry
• Non-acid based storage batteries
• Electrical transmission lines
• Circuit boards and electrical systems
• Solar panels
• Aerospace
• Medical devices
The company's marketing strategy includes providing Luxium samples and ideas for possible usage. It expects potential customers will want to do their own R&D in order to determine Luxium's usages and applications in their own industry. Solid and nanoized Luxium will be available for industrial applications.
Management has contacts in several industries, including electrical transmission companies. As noted in previous news releases, two Directors of NRP Stone work directly with electric companies. They have identified that billions of dollars of electricity are lost each year through resistance. To solve the problem, the company expects to spray nanodized Luxium on existing exposed electrical high-tension electrical lines to decrease resistance. The company expects to negotiate payment agreements for a negotiated portion of the savings, or profit creation, from achieving greater conductivity through reduced resistance. The company also expects to approach wire manufacturers to develop coating applications as part of new manufacturing for high-tension electrical lines.
NRP Stone, Inc. is engaged in marketing and distribution of unique precious metals and gems. US OTC symbol: NRPI; CUSIP: 62940J200. Follow us on Twitter @NRPSTONE and at http://nrpstone.co.
Disclosures and Caution Concerning Forward-Looking Statements: This release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Expressions of future goals and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, economic and market factors, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses and other factors. The actual results that the company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. The Company, its management, or affiliates, undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
