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Industrial Nanotech, Inc. (OTC:INTK), an emerging global leader in nanotechnology, announced an order from their international distributor in Turkey for more than 4,000 gallons of Nansulate™, the company's patented nanotechnology-based coating with advanced thermal insulation and anti-corrosive properties. The order is valued at more than $300,000 US.
"We have received a firm order from Kolorgen for three sea containers (equal to approximately 4,000 gallons) of Nansulate for their ongoing project at a major textile plant," said Francesca Crolley, VP of Operations for Industrial Nanotech. "Their customer has realized such significant energy savings from the initial application of our product that they have elected to place a substantial additional order for Nansulate. We view this as a tremendous endorsement of our product. Once the product is applied to the rest of this manufacturing facility, we expect that the energy savings of greater that 20% previously reported by other textile plants in Turkey can be realized."
Dr. Vedat Bilgrin of Kolorgen, Ltd. agrees. "Today I was at the dyehouse (textile plant) in Trakya region where we used Nansulate for hot areas. So far, we have achieved about 10% energy saving at four to five coats [of Nansulate] on average. With more coverage, our customer is quite confident that much more (energy savings) is possible, and they have given me their approval to continue the project."
Stuart Burchill, CEO of Industrial Nanotech continues, "The success in Turkey will benefit our efforts in other areas of the world. In China, whose textile industry is at record setting production levels, our new distributor, Northstar Power Engineering, already has an inquiry for purchase of our product from a textile factory for 300 dyeing tanks with 120 square meters of surface area per machine. If this order is placed it would equate to at least 5,000 gallons of Nansulate."
About Industrial Nanotech
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. Additional information about the Company and its products can be found at their websites, ( http://www.industrial-nanotech.com ) and ( http://www.nansulate.com ).
Nansulate™ is Industrial Nanotech’s patented nanotechnology based product line of coatings combining thermal insulation benefits, protection against corrosion, and mold resistance. The coatings are sold worldwide for industrial, commercial and residential 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.
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Industrial Nanotech, Inc., Naples
Francesca Crolley, 800-767-3998
Martin E. Janis & Co., Inc.
Beverly Jedynak, 800-508-6153
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