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Industrial Nanotech,Inc. (Pink Sheets:INTK), a company that specializes in nanotechnology innovation and product development, today announced the receipt of a purchase order from JatroDiesel for its thermally insulating, anti-corrosive nanotechnology-based coatings to be applied in biodiesel refineries.
JatroDiesel, an Ohio-based biodiesel equipment manufacturer and
producer has clients worldwide. The company purchased its initial order
of Nansulate, www.nansulate.com, for application on holding tanks,
pipes and other equipment at the newly opened Michigan Biodiesel (MBD)
facility. The refinery started production in November 2006 and has a
capacity of 10-million gallons per year. The application of Nansulate
on equipment in the MBD facility will provide thermal insulation,
prevent corrosion and reduce energy consumption.
"The consumption of biodiesel fuels in the U.S. has been increasing
exponentially since 2004 and is continuing to grow at a dramatic rate.
By working with JatroDiesel, Industrial Nanotech is in a unique
position to penetrate the Biodiesel industry on a grand scale because
our Nansulate coatings provide a superior insulation and corrosion
solution in refineries and plants, particularly in severe service
environments," stated Francesca Crolley, Industrial Nanotech's VP of
Operations & Marketing. "We expect the biodiesel market for Nansulate
to develop in the same manner that the textile industry did where its
application began with one textile plant in Turkey before expanding to
textile plants throughout the entire country followed by China and the
United States," added Ms. Crolley.
Recent legislation has called for enhanced Renewable Fuels Standards
that would include more widespread use of biodiesel and other
alternative fuels. Biodiesel production in the U.S. is expected to
reach approximately 750 million gallons per year in 2007. To meet this
demand, over fifty new, larger-scale plants are in construction and are
expected to come online between late 2006 and 2008. Industrial Nanotech
will market its Nansulate line of coatings to these refineries and
facilities through relationships such as the one with JatroDiesel and
direct marketing to the refineries.
About Industrial Nanotech
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, Inc. For
more information about Industrial Nanotech, Inc., please visit
About Nansulate (TM)
Nansulate is a patented product line of water-based translucent
insulation coatings containing a nanotechnology-based material
well-documented to provide thermal insulation and lead abatement,
prevent corrosion and resist mold. The entire Nansulate Product Line
includes: Nansulate GP, Nansulate PT, Nansulate Chill Pipe, Nansulate
High Heat, Nansulate HomeProtect ClearCoat and HomeProtect Interior,
and Nansulate LDX and NanoBoost.
Nansulate GP is a general purpose formulation designed for wood,
fiberglass and other non-metal substrates and Nansulate PT is a direct
to metal coating for pipes, tanks and other metallic 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.
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.
For more information, please click here
Industrial Nanotech, Inc.
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