Nanotechnology Now

Our NanoNews Digest Sponsors





Heifer International

Wikipedia Affiliate Button


DHgate

Home > Press > Industrial Nanotech, Inc. Promotes Its Nanotechnology Coating for Use in Carbon Credits Projects

Abstract:
Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanotechnology, announced today that it will begin promoting use of its insulation coating, Nansulate®, for energy reduction projects associated with earning carbon credits under the Kyoto protocol.

Industrial Nanotech, Inc. Promotes Its Nanotechnology Coating for Use in Carbon Credits Projects

NAPLES, FL | Posted on May 8th, 2007

CERs, also known as carbon credits are issued under the Clean Development Mechanism (CDM) of the Kyoto Protocol. Carbon Credits are an exchangeable permit process that provides a way to reduce greenhouse gas emissions by giving them a monetary value. A credit is awarded for energy saving projects with verified reduction in emissions. By allowing credits to be bought and sold, companies can purchase credits to help them meet quotas for reducing emissions.

"Our nanotechnology based coatings are already reducing energy use in the textile industry by 10% to 20%," stated Francesca Crolley, VP Operations & Marketing. "And that's just one industry example. Our technology is helping companies and individuals achieve their energy reduction goals around the world, and it makes perfect sense to offer our coatings as an effective solution to the reduction of carbon emissions through carbon credit projects."

"Our company is proud to be at the forefront of ‘Green Nanotech', by using the science of nanotechnology to create products that are friendly to the environment and save energy. Reduction of carbon emissions and ‘carbon footprints' is fast becoming the number one priority of corporations both overseas and here in the states, and Industrial Nanotech believes that our science can make a positive contribution to this issue," Ms. Crolley continues.

In a recent textile publication Eyüp Sözdinier of Heneteks A.S. stated: "Because of global warming, our duty is to make use of energy as efficiently as possible; wasted energy is wasted national wealth. This is why I highly recommend this technology to all of the textile industry and other heat using industries."

The market in carbon credits grew faster than expected in 2006, tripling to $30 billion from $10 billion in 2005, according to the World Bank. Nearly $25 billion came from transactions under the EU's emissions trading scheme, while $5 billion was from the sale of carbon credits by developing countries. The World Bank said carbon markets had resulted in capital flows from rich to poor countries of about $8 billion since 2002, and estimated $14 billion of further gains to developing countries through investment in "clean" energy technology.

####

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 Nansulate®

Nansulate® is the Company's patented product line of specialty coatings containing a nanotechnology based material and which are well-documented to provide the combined performance qualities of thermal insulation, corrosion prevention, and resistance to mold growth in an environmentally safe, water-based, coating formulation. 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.

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

Investments/IPO's/Splits

Nanometrics Announces Upcoming Investor Events July 28th, 2015

Harris & Harris Group Portfolio Company, Bridgelux, Enters into Agreement to be Acquired by an Investment Group July 22nd, 2015

Harris & Harris Group Portfolio Company, OpGen, Gains $6 Million Investment From Merck GHI in Addition to New Acquisition July 16th, 2015

Harris & Harris Group Portfolio Company, AgBiome, Announces Partnership to Accelerate the Discovery of Next Generation Insect-Resistant Crops July 1st, 2015

Announcements

Take a trip through the brain July 30th, 2015

This could replace your silicon computer chips: A new semiconductor material made from black phosphorus may be a candidate to replace silicon in future tech July 30th, 2015

Sol-gel capacitor dielectric offers record-high energy storage July 30th, 2015

Controlling Dynamic Behavior of Carbon Nanosheets in Structures Made Possible July 30th, 2015

Textiles/Clothing

Laboratorial Performance of Nanocomposite Membrane Improved in Water Purification July 28th, 2015

Make mine a decaf: Breakthrough in knowledge of how nanoparticles grow: University of Leicester and CNRS researchers observe how nanoparticles grow when exposed to helium July 23rd, 2015

Self-Cleaning Woolen Fabrics Produced in Iran July 21st, 2015

Nanomembranes Boost Efficiency in Wastewater Treatment July 12th, 2015

Industrial

Industrial Nanotech, Inc. Provides Update on PCAOB Audited Financials July 27th, 2015

Iranian Scientists Create Best Conditions for Synthesis of Gold Nanolayers July 23rd, 2015

Nanosorbents Reduce Amount of Heavy Metals in Petrochemical Wastewater July 23rd, 2015

More efficient process to produce graphene developed by Ben-Gurion University researchers July 23rd, 2015

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