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Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanotechnology, announced today that a NASCAR race team has purchased the Company's patented nanotechnology based coating, Nansulate® for use on Toyota race cars.
"This is an exciting development for our Company," states Francesca Crolley, VP of Operations and Marketing for Industrial Nanotech, Inc. "Toyota and their luxury line, Lexus, are clearly early and rapid adapters of advanced technologies. Their production vehicles consistently showcase the latest and greatest in luxury, safety, and performance features. Our success with other race teams is well documented, both on the NASCAR and on international circuits. The opportunity to prove our performance qualities to a forward thinking and innovative company like Toyota has great potential."
Nansulate® has been successfully utilized by Ford V8 SuperCar in Australia and a prominent NASCAR team.
Toyota is now the world's largest automaker, selling 2.35 million automobiles during the 1st quarter of 2007.
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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