Mr. Paul Andreola reports
NAMESILO TECHNOLOGIES CORP. INCREASES INVESTMENT IN CUTTING-EDGE NANOTECHNOLOGY-POWERED INDUSTRIAL COATINGS COMPANY
Namesilo Technologies Corp., the holding company and majority owner of Namesilo LLC, has increased its investment, to a total of $800,000, in Alchemy Labs Inc., a leading nanotechnology-powered industrial-coatings company focused on the automotive and defence sectors.
With over 350 active installers in 56 countries, Alchemy has established an extensive and growing channel-sales network to deliver best-in-class windshield-protection solutions that are endorsed through repeat purchases by automobile enthusiasts, while also helping insurers reduce claim rates. Alchemy's ExoShield windshield protection film products have been tested to show they have six times the impact resistance, three times the abrasion resistance and two times the optical clarity of their leading competitor.
Alchemy also has a defence division which focuses on providing thermal-camouflage nanotechnology for military applications that has been thoroughly and successfully tested by the Canadian Armed Forces for field operations. Alchemy was the sole recipient of a $1-million IDEaS contract from Defence Research and Development Canada to advance its thermal camouflage nanotechnology for uniform and netting integration for the Canadian Armed Forces. Following a successful solution demonstration where Alchemy's Crypsis Class technology performed successfully in multiple operational environments, Alchemy is working to secure its subsequent development contract from Canada, as well as beginning to promote its technology to other NATO (North Atlantic Treaty Organization) and Five Eyes allies.
Khanjan Desai, co-founder and chief executive officer of Alchemy, states: "Namesilo has been a phenomenal investor and partner for Alchemy. The quality of support we have received from Paul Andreola and Colin Bowkett at Namesilo in developing our capital strategy to deliver long-term shareholder value has been unparalleled. With ExoShield windshield protection films already regarded as the highest-quality and longest-lasting protection available, we are now working hard on executing on our technology pipeline for making windshield protection accessible for all vehicle owners. In parallel, our defence division continues to work hard on advancing our defence technologies to protect soldiers and valuable military equipment. Both our automotive and defence divisions are poised for significant growth, and we are incredibly excited about the long-term value both can deliver to our shareholders.
Mr. Andreola, chief executive officer of Namesilo Technologies, states: "Alchemy is an opportunity that had all the ingredients that we look for as investors: a best-in-class product or service, a huge addressable market, a track record of consistent growth and an excellent management team. When we first met Khanjan, we were struck by his professionalism and grasp of the larger opportunity that exists for Alchemy in both the automotive and defece sectors. Over the last two years, he has continually exceeded our expectations from both an operational and sales perspective, and we look forward to continuing our relationship, and working with Khanjan and his team to help Alchemy achieve their goals in future."
About Namesilo Technologies Corp.
Namesilo Technologies invests its capital in companies and opportunities which management believes are undervalued and have potential for significant appreciation. The company makes investments in both public and private markets and focuses on opportunities in a wide variety of industries, excluding the resource and resource service sectors. Namesilo does not invest on behalf of any third party and it does not offer investment advice.
Namesilo LLC is a low-cost provider of domain name registration and management services. As an accredited ICANN (Internet Corp. for Assigned Names and Numbers) registrar, Namesilo is one of the fastest-growing domain registrars in the world with approximately 4.77 million active domains under management from approximately 160 countries.
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