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Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanotechnology, announced today that it has entered into negotiations with a Fortune 100 company for the incorporation of the Company's patented nanotechnology based coating, Nansulate®, into their products. The Company estimates the value of the project to be approximately 4.5 million dollars annually once an agreement is reached.
"This development is a major step for Industrial Nanotech into an industry sector that is very different from those we have worked with previously," said Francesca Crolley, VP of Operations and Marketing for Industrial Nanotech, Inc. "We believe that there are many more opportunities for our Company in the electronics industry worldwide and we look forward to capitalizing on them."
"Globally, our technology continues to provide solutions in a wide variety of market sectors, allowing companies to improve their products and processes in ways that were not possible in the past. This provides Industrial Nanotech with significant opportunity for growth and protection against regional or market sector downturns, which has always been a key objective of our organization," continued Crolley.
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 ).
Nansulate® is the Company’s patented product line of specialty coatings containing a nanotechnology based material and which are well–documented to provide thermal insulation, prevent corrosion and resist mold. The Nansulate® Product Line includes both industrial and residential coatings.
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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For Industrial Nanotech, Inc., Naples
Martin E. Janis & Company, Inc.
Beverly Jedynak, President, 312-943-1100 ext. 12
Martin E. Janis & Company, Inc.
Laura Grock, Vice President, 312-943-1100 ext. 13
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