Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

Home > Press > Industrial Nanotech, Inc. Announces Multi-Million Dollar Project with Brazilian Oil & Gas Giant Petrobras

Abstract:
Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanotechnology, announced today that Petrobras (NYSE:PBR), the Brazilian oil and gas giant, has requested production of 50,000 gallons of Nansulate® High Heat, the Company's thermally insulating and corrosion protection coating, valued at more than $3.7 million.

Industrial Nanotech, Inc. Announces Multi-Million Dollar Project with Brazilian Oil & Gas Giant Petrobras

NAPLES, FL | Posted on March 19th, 2007

This order is currently scheduled for delivery in June of 2007 and is the beginning of an anticipated strong revenue stream for the Company.

Stuart Burchill, CEO of Industrial Nanotech, Inc., states, "This is the result of technical discussions that began in June 2006 and included my visit in September 2006 to their headquarters in Rio de Janeiro, Brazil for a series of meetings. Our discussions included detailed explanations of the performance benefits of our Nansulate coatings for use throughout their facilities worldwide, as well as their request for us to develop a specialty product for a 105-mile pipeline project in Brazil. We have invested substantial resources into developing that specialty product for them and we are pleased that they have reciprocated by identifying applications for our Nansulate coating products in their facilities. Petrobras is an innovative, forward-thinking company that is receptive to new technologies and it has been a pleasure doing business with them."

Francesca Crolley, VP of Operations and Marketing for Industrial Nanotech, Inc., continues, "The production and delivery of 50,000 gallons of Nansulate High Heat in their requested time frame is well within our capabilities. Petrobras has also requested technical and logistical support for the application of Nansulate to 51,510 square feet of surface area per day. We plan to station a technical staff person permanently in Brazil to oversee these ongoing projects as we continue to expand our working relationship with Petrobras."

Petrobras, short for Petroleo Brasileiro S.A., is a government-owned Brazilian oil company that is one of the 15 largest oil companies in the world, leading the oil and gas sector in the development of the most advanced deepwater and ultra-deep water technology for oil production. The company controls oil and power industries assets and related business activities in 16 nations throughout Africa, North America, South America and Asia.

####

About Industrial Nanotech, Inc.
Industrial Nanotech Inc. is rapidly 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 ).

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

Contacts:
For Industrial Nanotech, Inc., Naples
Investor Relations
Martin E. Janis & Company, Inc.
Beverly Jedynak, President, 312-943-1100 ext. 12

or
Media Inquiries
Martin E. Janis & Company, Inc.
Laura Grock, Vice President, 312-943-1100 ext. 13

Copyright © Business Wire

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

Announcements

NUS researchers invent new test kit for quick, accurate and low-cost screening of diseases: Test results are denoted by a color change and could be further analyzed by a smartphone app, making it attractive as a point-of-care diagnostic device September 19th, 2018

Silver nanoparticles are toxic for aquatic organisms: A research team at the UPV/EHU-University of the Basque Country has analysed how zebrafish are affected in the long term by exposure to silver particles September 19th, 2018

Leti Announces EU Project to Develop Powerful, Inexpensive Sensors with Photonic Integrated Circuits: REDFINCH Members Initially Targeting Applications for Gas Detection and Analysis For Refineries & Petrochemical Industry and Protein Analysis for Dairy Industry September 19th, 2018

Researchers develop microbubble scrubber to destroy dangerous biofilms September 19th, 2018

New-Contracts/Sales/Customers

Nanometrics Delivers 100th: Atlas III System for Advanced Process Control Metrology Atlas III: Systems are qualified and in production for advanced devices in DRAM, 3D-NAND and Foundry/Logic August 2nd, 2018

Picosun’s ALD solutions make quality watches tick July 26th, 2018

Barium ruthenate: A high-yield, easy-to-handle perovskite catalyst for the oxidation of sulfides July 13th, 2018

Oxford Instruments’ 22 Tesla superconducting magnet system commissioned at the UAM, making it the most intense magnetic field available outside a large international facility July 12th, 2018

NanoNews-Digest
The latest news from around the world, FREE



  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project