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Management in Discussions With Leading Consumer Products Company
Industrial Nanotech Inc., (Pink Sheets:INTK), an emerging nanotechnology-based solutions provider, is pleased to report that the Company is testing a newly developed prototype of Nansulate Translucent(tm) to be delivered via a spray can. The new spray delivery method of the high performance nanotechnology coating was engineered for household and industrial applications that can benefit from the smaller quantity offered and the ease of application that comes from a spray can. Management sees a significant retail marketing opportunity in offering a spray coating that can effectively insulate and prevent against corrosion.
The Company is currently working toward establishing distribution agreements for its spray coating. Industrial Nanotech is in discussions with a leading global consumer products company for the retail distribution of Nansulate Translucent(tm) to be packaged in a private label spray can. Additionally, a separate agreement is being negotiated that would position Nansulate Translucent(tm) for distribution by a successful building supply chain with 9 retail outlets in the Midwest.
"There are several specific uses for our high performance coatings within the home improvement sector. By packaging Nansulate Translucent(tm) in a spray can, we are expanding the marketability of our coatings to retail consumers," commented Stuart Burchill, Chief Executive Officer of Industrial Nanotech. "Nansulate spray coatings have several household uses as they will exhibit the same revolutionary properties as our standard coatings providing superior thermal insulation and preventing rust and corrosion. We anticipate that our spray coating will help the Company expand its distribution outlets nationwide, particularly in the home improvement marketplace."
When packaged in a spray can, Nansulate Translucent(tm) coatings can be used to protect and enhance a wide variety of household devices and for various applications. Some examples of these include: providing thermal insulation on hot water pipes and radiators, preventing condensation on air conditioning ducts, and preventing corrosion and rust on metal fixtures both inside and outside of the home that experience changes in temperature and humidity.
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. Industrial Nanotech currently has distributors in countries throughout the world including Australia, Canada, Mexico, Japan, China, Korea, Norway, Columbia, Argentina, and Brazil.
For more 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.
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