South American Oil Giant to Use Industrial Nanotech’s Nansulate High Heat Coating

Petrobras, short for Petróleo Brasileiro S.A., the largest oil producer in Brazil and one of the fifteen largest oil companies in the world will begin utilizing Industrial Nanotech's Nansulate High Heat coating in its maintenance program due to its insulation and anti-corrosive properties. Potential applications for Nansulate include oil and gas pipelines, refinery equipment, and offshore facilities.

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Naples, FL (PRWEB) August 14, 2006 -–

Industrial Nanotech (OTC: INTK), a company that specializes in nanotechnology innovation and product development, today announced that Petrobras, based in Rio De Janeiro, Brazil will begin utilizing the Company’s Nansulate High Heat coating in its maintenance program due to its insulation and anti-corrosive properties. Potential applications for Nansulate include oil and gas pipelines, refinery equipment, and offshore facilities.

This development is a result of a recent series of meetings between the Oil and Gas giant and a South American representative of Industrial Nanotech. Petrobras, short for Petróleo Brasileiro S.A., is a government-owned Brazilian oil company that is one of the fifteen largest oil companies in the world, leading the oil and gas sector in the development of the most advanced deepwater and ultra-deep water technology for oil production. The company controls oil and power industries assets and related business activities in 16 nations throughout Africa, North America, South America and Asia.

“This is the beginning of a good business partnership between Petrobras and Industrial Nanotech,” according to Joao Hipolite, Assistant to Petrobras’ Director of Pipelines and Terminals.

About Nansulate™

Nansulate is a product line of water-based translucent insulation coatings containing a nanotechnology-based material. Nansulate PT is a direct to metal coating for pipes, tanks and other metallic substrates and Nansulate GP is a general purpose formulation designed for wood, fiberglass and other non-metal substrates. Coatings that target extreme industrial environments include Nansulate Chill Pipe designed for low temperature applications on pipes and tanks and Nansulate High Heat designed for high temperature applications. Nansulate HomeProtect ClearCoat and HomeProtect Interior are designed for residential and commercial buildings and Nansulate LDX is designed for lead encapsulation applications. The coatings' ability to resist mold, prevent corrosion and provide thermal insulation is well-documented.

About Industrial Nanotech Inc.

Industrial Nanotech Inc. is a global nanoscience solutions and research leader. The Company develops and commercializes new and innovative applications for nanotechnology that address real-world needs through its funding of and participation in research with world-leading scientists and laboratories, including the U.S. Center for Integrated Nanotechnology (CINT) and Princeton Polymers Laboratories.

Safe Harbor Statement

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

Contact:

Industrial Nanotech, Inc.

(800) 508-6153

ZA Consulting

Investors:

David Zazoff

(212) 505-5976

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