Tuesday, September 10, 2019, Draper, UT – NRP Stone, Inc. is pleased to report that the yield sign temporarily placed on the company’s symbol was removed after correcting the error found by the OTC. The company is again trading with a green light designation.
NRP Stone is also pleased to release additional information on lab testing of the Luxium nanoparticles on high-tension electrical wires. Initial testing of a one-to-three atom thick coating of Luxium was applied on the outside of several electrical wires having different degrees of oxidization. Conductivity testing ensued. The results clearly showed increases in conductivity and reductions of resistance. After examining the data, the scientists now believe that slightly modifying the formulation of Luxium for greater tarnish resistance can improve Luxium’s performance for this application.
It has become clear to NRP Stone that the production of Luxium has as much to do with the proprietary process, how-it-is-made, as it does with the formulation and ingredients used to form it. Understanding this concept means that certain of Luxium’s characteristics can be altered or enhanced in order to meet particular specifications provided by different companies in order to meet their specific needs or goals.
As a result, the scientists have decided to reformulate Luxium with the expressed purpose of reducing tarnish even further than it already is. If they are successful, a reformulation could increase efficiencies and potentially create additional applications. The scientists believe that another formulation, or generation, of Luxium can have the same conductivity quality as the first, with the hope of achieving a near tarnish-proof form of Luxium. They will refer to this formulation as Gen2. This second generation of Luxium would be designed specifically for exposed high-tension power lines, which are subject to harsh environmental conditions, including sulfur dioxide, the most common cause of tarnish.
A date for reformulating and producing the Gen2 Luxium was scheduled with the California lab where Luxium has been produced in the past. However, prior to their arrival, the lab informed the scientists that the furnace that they had previously used caught fire and was destroyed. Because of the replacement time, the scientists have elected to set up their own lab furnace proximate to their offices in the Salt Lake City area. The result this will save scheduling time and travel expenses. RMGI has committed funding for the assembly of the new lab furnace.
David Clark II, commented, “I find these events interesting on two levels. We have learned that the original formulation of Luxium can be changed. The mechanics, the processes, and the know-how used to produce Luxium are as key as the science and chemistry to molecularly engineer it. The production processes must be exactly performed, but the chemistry behind it can change, thus providing flexibility in how Luxium performs, or can be formulated to perform, under specified conditions. Secondly, I see the CA lab burning as a benefit to us. Setting up a lab in Utah to produce and test Luxium will be much more convenient and cost efficient to us in the long-run.”
The qualities displayed by Gen1 Luxium are acceptable for the jewelry market and useful for other less technical applications in industry. Gen1 remains more tarnish resistant than many other forms of silver alloys used for jewelry, and this is 99.9% silver, thus making it more intrinsically valuable that other alloys. The jewelry market is one of the first markets targeted for Luxium’s use. When Luxium jewelry is coupled with the white and colored diamonds that NRP will also market, the two will create a rounded offering to jewelry retailers and the buying public.
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.