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Eco Depot Inc Announces Acquisition of Development One Nanotechnologies and Energy Inc.
Eco Depot Inc Announces Acquisition of Development One Nanotechnologies and Energy Inc..
About this update from Eco Depot, Inc.
[{"type":"text","content":"\n\n\n\nEco Depot Inc Announces Acquisition of Development One Nanotechnologies and Energy Inc.\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nEco Depot Inc Announces Acquisition of Development One Nanotechnologies and Energy Inc.\nPR Newswire\nTORONTO, Sept. 23, 2021\n\n\n\nTORONTO, Sept. 23, 2021 /PRNewswire/ -- Eco Depot, Inc. (OTC Pink: ECDP), a Nevada company is pleased to announce the acquisition of Development One Nanotechnologies and Energy Inc. \nEco Depot Inc has acquired all the outstanding common shares of Development One Nanotechnologies and Energy Inc., a Wyoming Corporation specializing in the research and development of nano carbon atoms and polymer products within the coatings and construction industries.  \nDevelopment One has developed a proven coating for the industrial space as well as the oil and gas industry that increases strength by 300% and lowers friction and is less abrasive as well as being a lubricant; these coatings can be used to repurpose and extend life of down hole tools in the oil and gas space, saving millions in annual costs to the oil industry. In the industrial space it will increase the life of parts and decrease the cost of repair and maintenance budgets. \nThe Global Anti Abrasive Anti Corrosion Market is expected to reach USD $58.5 billion by 2025, from USD $43.5 billion in 2017.  The coatings can be used to prevent corrosion when applied to rebar in the construction industry. Development One has also developed 3D printed and advanced manufacturing parts for use under high friction and high pressures that are 300 percent stronger than stainless steel and weigh at least 70 percent less.\nDevelopment One has also developed a proprietary cement additive with the expectation of rapid expansion in the cement additive arena. Focusing on the down hole needs in oil and gas and construction cement challenges. The company's product has helped increase strength, decrease pour needs, and add to life expectancy in down hole cement and construction grade cement markets. The market size in 2020 for the combined segme...