Business
RMGI Additional Information
RMGI Additional Information.
About this update from Nrp Stone, Inc.
[{"type":"text","content":"Wednesday, August 21, 2019, Draper, UT – NRP Stone, Inc. (SYM: NRPI) is pleased to announce that with the presentation of the Letter of Intent for the acquisition of Rare Metals and Gems Investors (RMGI), RMGI disclosed that first generation Luxium has proven to be transformable from a solid into nanoparticles. These nanoparticles, in a liquid form, can be sprayed, thus creating many potential uses in industry that require a one-to-multiple atom thicknesses of coatings. One of these industrial uses is in the coating new and existing high-tension, overhead power lines. As previously reported, Luxium has similar conductivity as silver, the world’s most natural conductor. Because electricity travels around power lines, an application of Luxium is believed to enhance conductivity. NRP Stone has been informed that RGMI’s supplier has contacts in the Department of Energy who have agreed to allow a nanoparticle application of Luxium on a one-mile stretch of its existing, high-tension power lines. The test would be for conductivity, especially measuring the reduction in resistance. The DOE estimates that over $22 billion is lost each year due to loss of electricity through resistance in electrical transmission in the US alone. The DOE has indicated that if the Luxium coating test proves successful in reducing electrical resistance by a minimum of two to three percent, it would be interested in considering having RMGI spray all its electrical transmission lines. Greater conductivity with less resistance would create a significant savings for the Department of Energy’s transmission of electricity.The field-test would also provide additional data regarding Luxium’s hardness and durability because these DOE overhead power lines are in an area exposed to some of the harshest of atmospheric conditions in the US. This data could be useful in other industrial applications.RMGI must prove the application of nanoparticles and show a reduction in resistance in the lab and in the field. A combination of robotics and drones is being considered for the application of nanoparticles. In the lab, nanoparticles are being tested on pieces of high-tension power lines. If lab tests prove satisfactory, application apparatuses will be developed and DOE field-testing will be formalized. The field test is contemplated for 2020. The protocol for...