Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

Home > Press > Industrial Nanotech Targets Middle East Oil Markets with New Product and Exclusive Distributor in United Arab Emirates

Abstract:
Industrial Nanotech, Inc. announced today the signing of the Al Samah Company as its exclusive distributor in the United Arab Emirates, one of the world's largest oil producers. Al Samah Company is headquartered in Abu Dhabi, the capital of the United Arab Emirates. The Al Samah Company has five locations and services many of the major oil producing countries.

Industrial Nanotech Targets Middle East Oil Markets with New Product and Exclusive Distributor in United Arab Emirates

Naples, FL | Posted on March 20th, 2007

Industrial Nanotech, Inc. (Pink Sheets: INTK), an emerging global leader in nanotechnology, announced today the signing of the Al Samah Company as its exclusive distributor in the United Arab Emirates, one of the world's largest oil producers. Al Samah Company is headquartered in Abu Dhabi, the capital of the United Arab Emirates. The Al Samah Company has five locations and services many of the major oil producing countries.

Al Samah Company will be responsible for distributing Industrial Nanotech's line of Nansulate® of products, including the Company's new Nansulate® Wrap, for use on oil and gas pipelines. Nansulate® Wrap was originally created based on requested specifications for a pipeline project from Petrobras, the government-owned Brazilian oil and gas giant. Recently, Industrial Nanotech received positive test confirmation of the product's thermal performance from a respected independent thermal testing laboratory.

Stuart Burchill, CEO of Industrial Nanotech, Inc., explains, "Nansulate Wrap is produced as sheets of waterproof, weatherproof, flexible thermal insulation which is thicker than our Nansulate line of thermally insulating corrosion resistant coatings is able to be applied. The exceptional thermal insulation capabilities of Nansulate Wrap, lower than any other conventional insulation we are aware of including polyurethane foam, makes it one of the best options for the oil and gas industry in the United Arab Emirates and other oil-producing countries around the world, as well as many additional industry sectors globally. In many cases, we believe the two products, our Nansulate coating and our Nansulate wrap, will be used in combination."

The UAE has huge proven oil reserves, estimated at 98.2 billion barrels (16 km³) in 1998, with gas reserves estimated at 5.8 km³. At present production rates, these supplies would last well over 150 years. In 2003, the UAE produced about 2.3 million barrels (370,000 m³) of oil per day-- of which Abu Dhabi produced approximately 85%--with Dubai, and Sharjah to a much lesser extent, producing the rest.

"Together with our new distributor, Al Samah Company, Industrial Nanotech has a tremendous opportunity to showcase forward-thinking solutions to the United Arab Emirates. From pipeline work to tankers, oil platforms, and existing refineries, our line of Nansulate products has much to offer these countries," states Francesca Crolley, VP of Operations and Marketing for Industrial Nanotech, Inc.

####

About Industrial Nanotech, Inc.
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 ).

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:
Investor Relations
Beverly Jedynak
President
Martin E. Janis & Company, Inc.
312-943-1100 ext. 12
bjedynak(at)janispr.com

or

Media Inquiries
Laura Grock
Vice President
Martin E. Janis & Company, Inc.
312-943-1100 ext. 13
lgrock(at)janispr.com

Copyright © PRWeb™

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

Investments/IPO's/Splits

Harris & Harris Group Issues Its Financial Statements as of December 31, 2016, Posts Its Annual Shareholder Letter, And Will Host a Conference Call for Shareholders on Friday, March 17, 2017 March 15th, 2017

Harris & Harris Group Announces the Filing of Preliminary Proxy Materials Detailing Its Proposed Conversion From a BDC to a Registered Closed-End Fund January 24th, 2017

Harris & Harris Group Issues Reminder for Shareholder Update Call on January 10, 2017 January 10th, 2017

Arrowhead Provides Response to New Minority Shareholder Announcement January 7th, 2017

Announcements

Cryo-electron microscopy achieves unprecedented resolution using new computational methods March 25th, 2017

Argon is not the 'dope' for metallic hydrogen March 24th, 2017

Promising results obtained with a new electrocatalyst that reduces the need for platinum: Researchers from Aalto University have succeeded in manufacturing electrocatalysts used for storing electric energy with one-hundredth of the amount of platinum that is usually needed March 24th, 2017

Artificial photosynthesis steps into the light: Rice University lab turns transition metals into practical catalyst for solar, other applications March 23rd, 2017

Alliances/Trade associations/Partnerships/Distributorships

AIM Photonics Welcomes Coventor as Newest Member: US-Backed Initiative Taps Process Modeling Specialist to Enable Manufacturing of High-Yield, High-Performance Integrated Photonic Designs March 16th, 2017

Applied Graphene Materials plc - Significant commercial progress in AGM’s three core sectors March 3rd, 2017

Strem Chemicals and Dotz Nano Ltd. Sign Distribution Agreement for Graphene Quantum Dots Collaboration February 21st, 2017

Leti Coordinating Project to Adapt Obstacle-Detection Technology Used in Autonomous Cars for Portable and Wearable Systems: INSPEX to Combine Knowhow of Nine European Organizations to Create Portable and Wearable Spatial-Exploration Systems February 2nd, 2017

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



  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project