Corp., (OTC: GMZP - News) announced today that its
subsidiary, International Nanotechnology Corp. (INC)
will sample its first consumer product in the fourth
quarter of 2004. This progress is based on signing,
as previously announced, of a definitive agreement
with TSDC-N, a joint venture created by Terra Solar
Development Corp. (TSDC) and Dr. S. Kulcsar. TSDC
is a leading developer of photovoltaic and nanocell
technology. As announced, INC will acquire substantially
all of its nanotechnology assets of TSDC-N and an
exclusive license to sell certain photovoltaic products
being developed by TSDC in the United States as well.
The INC product is believed to be the first to use
PV Nanofilms, which combine thin films and nanotechnology
so they it can also work indoors in most lighting
situations. Nanofilms have elements below 1000 and
even below 100 nanometers. The National Science Foundation
(NSF) defines nanotechnology as consisting of components
and elements 1000 nanometers and under. (1 nanometer
is one billions of a meter or 10 Angstroms).
Pricing has not been announced but according to Dr.
Zoltan Kiss, chief technology advisor to INC, it is
expected to be very competitive with older, more limited
About GEMZ Corp.
GEMZ Corp. is a publicly traded company located in
New York City. Its new corporate website is www.gemzcorp.net.