Home > Press > Industrial Nanotech, Inc. Announces Plan for Manufacturing Joint Venture in Italy
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.
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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
Copyright © Business Wire 2007
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