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Testing will continue over the next 20 to 30 days at undisclosed locations off the tip of South America in the Argentinean Sea
Offshore Testing of Industrial Nanotech’s “Nansulate™ Product” Set to Begin in South America
Naples, FL | June 02, 2005
Industrial Nanotech Inc., (OTC: INTK), an emerging nanotechnology-based solutions provider, announces testing of its Nansulate™ coating product by a major Argentinean oil and gas company. Protan, a South American distributor of Industrial Nanotech products, states the testing will continue over the next 20 to 30 days at undisclosed locations off the tip of South America in the Argentinean Sea.
“Due to confidentiality issues we are not at liberty to disclose our client’s name nor the exact location until the testing process is complete,” stated Stuart Burchill, Industrial Nanotech CEO. “This particular oil and gas firm is experiencing CUI (corrosion under insulation) problems and we believe that our Nansulate™ coating will more than meet their expectations in this severe environment. Corrosion is a 270 billion dollar problem in the US alone and we are delighted that our Nansulate™ product is receiving the worldwide recognition it deserves. These assessments, of the coating for CUI needs, will lead to potential purchase decisions of Industrial Nanotech products in the coming months.”
CUI (corrosion under insulation) is acknowledged as one of the most debilitating and expensive issues facing the oil and gas industry today and accounts for more unexpected downtime than any other cause in off-shore drilling. “This testing is one of the harshest environments in the world for off-shore drilling,” states Laurie Scherock, President of Industrial Nanotech, “and there is no better location to prove the strength and quality of our product. This is only the beginning of several impending tests that will be carried out by major corporations worldwide.”
About Industrial Nanotech Inc.
Industrial Nanotech Inc. produces and sells high performance coatings primarily designed for the heavy industry, manufacturing and shipping markets. The Company conducts nanoscience-related research in advanced materials and industrial applications at facilities in New Mexico, Colorado, and New Jersey. Products are available directly from the company or through a rapidly growing worldwide network of exclusive distributors.
For corporate and product information, please visit www.industrial-nanotech.com.
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.
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