This represents a significant breakthrough in our persistent efforts to penetrate this major world economy
Naples, Fla. (PRWEB) December 10, 2008
Industrial Nanotech, Inc. (PINK SHEETS: INTK), an emerging global leader in nanotechnology, today announced that the Company has received an order for 12,000 gallons of its patented Nansulate® nanotechology-based coatings from Golden Horse Real Estate Co., Ltd in China. The retail value of the order is $863,400 US.
"This represents a significant breakthrough in our persistent efforts to penetrate this major world economy," states Francesca Crolley, VP of Operations and Marketing for Industrial Nanotech, Inc. "The order for 12,000 gallons of our patented Nansulate energy saving protective coatings includes 4000 gallons of Nansulate High Heat, designed for high temperature industrial applications, 4000 gallons of Nansulate PT, designed for industrial pipes and tanks, and 4000 gallons of Nansulate HomeProtect Clearcoat, designed for residential applications. These represent our top selling products in the building, manufacturing, and industrial markets. We currently expect to ship this order in the 1st quarter of 2009."
Nansulate(R) is the Company's patented product line of specialty coatings containing a nanotechnology based material and which are well-documented to provide the combined performance qualities of thermal insulation, corrosion prevention, resistance to mold growth, and lead encapsulation in an environmentally safe, water-based, coating formulation. The Nansulate(R) Product Line includes both industrial and residential coatings.
About Industrial Nanotech Inc.
Industrial Nanotech Inc. is quickly emerging as a global nanoscience solutions and research leader. The Company develops and commercializes new and innovative applications for nanotechnology.
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.
SOURCE: Industrial Nanotech, Inc.
For Industrial Nanotech Inc., Naples The Cervelle Group, LLC Investor Relations: Rob Karbowsky, 407-475-9966, ext. 227. rob @ thecervellegroup.com or Media Inquiries: David Donlin, 407-475-9966 dave @ thecervellegroup.com