Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

Home > Press > Industrial Nanotech, Inc. Announces Plan for Manufacturing Joint Venture in Italy

Abstract:
Production Facility Will Serve European, Middle Eastern, and Asian Markets

Industrial Nanotech, Inc. Announces Plan for Manufacturing Joint Venture in Italy

NAPLES, FL | Posted on April 30th, 2007

Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanotechnology, announced today that it has chosen Mercatus & Partners Group, of Rome, Italy as joint venture partners for a manufacturing facility in Italy to produce the Company's patented line of nanotechnology based coatings, Nansulate.

"Europe, the Middle East, and Asia represent three of our strongest markets," states Stuart Burchill, CEO of Industrial Nanotech, Inc. "The cost of shipping product from our manufacturing facility in Denver, Colorado, US to those high growth rate regions is becoming a limiting factor for our profit margins and pricing structure. Mercatus & Partners Group is well established in this region and will provide the business expertise and funding necessary for this venture in return for a minority interest in the manufacturing entity. I plan to meet with their CFO and our distributors from Greece, Italy, Turkey, the UAE, the Benelux, India, and England this summer to coordinate the project. Italy presents a tremendous opportunity as a location for manufacturing. The country is aggressively pursuing high tech manufacturing partnerships and is centrally located in the region, with easy access to ports and railroads to ship product."

Mercatus and Partners Group recently signed an agreement with Kylla Group BV, based in Amsterdam, The Netherlands, to provide an equity investment of Euro 50 million in Kylla. Under the agreements, Kylla and Mercatus will work to provide added value solutions and promote technology transfer initiatives between European and United States based companies.

####

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 ).

About Mercatus & Partners Group

Mercatus & Partners is a long term value-oriented investment firm. As a hands-on investor group the company approach is that of a corporate value development firm. Mercatus & Partners brings a flexible multi-disciplined approach to each business venture the firm decides to support. Mercatus' focus is targeted towards under-recognized entities that, by the further development of their proprietary technologies or processes, have the potential to become industry leaders in their sectors.

About Kylla Group, BV

Kylla Group is the leading Benelux based corporate finance firm focusing on servicing the Small and Mid Cap Market. Further information can be obtained from the Kylla Group website http://www.kylla.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 2007

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

Strength of hair inspires new materials for body armor January 18th, 2017

Self-assembling particles brighten future of LED lighting January 18th, 2017

Dressing a metal in various colors: DGIST research developed a technology to coat metal with several nanometers of semiconducting materials January 17th, 2017

Nanoparticle exposure can awaken dormant viruses in the lungs January 17th, 2017

Alliances/Trade associations/Partnerships/Distributorships

GLOBALFOUNDRIES Expands Partner Program to Speed Time-to-Market of FDX™ Solutions: Increased support affirms FDXcelerator™ Program’s vital role in promoting broader deployment of GLOBALFOUNDRIES’ FDX™ portfolio December 15th, 2016

Infrared instrumentation leader secures exclusive use of Vantablack coating December 5th, 2016

Leti and Grenoble Partners Demonstrate World’s 1st Qubit Device Fabricated in CMOS Process: Paper by Leti, Inac and University of Grenoble Alpes Published in Nature Communications November 28th, 2016

Mechanism for sodium storage in 2-D material: Tin selenide is an effective host for storing sodium ions, making it a promising material for sodium ion batteries October 27th, 2016

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