Home > Press > Industrial Nanotech, Inc. Promotes Its Nanotechnology Coating for Use in Carbon Credits Projects
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 ).
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
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
If you have a comment, please Contact
Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.
Arrowhead to Present at Barclays Global Healthcare Conference March 11th, 2014
Nano Labs Shareholder Update March 8th, 2014
FEI Company Announces Date for Investor Conference Participation March 3rd, 2014
Industrial Nanotech, Inc. Completes On Site Visit by PCAOB Audit Firm - Nears Completion of Audit in Preparation for Move to a Senior Stock Exchange in Late 2014 February 27th, 2014
Tiny Origami Boxes Hold Big Promise for Hydrogen Energy Storage: Graphene folds itself into programmable "nanocage" for hydrogen storage, beating DOE 2020 goal March 12th, 2014
Harris & Harris Group Notes D-Wave's Article in Phys.Org March 11th, 2014
Malvern specialist to explore use of Nanoparticle Tracking Analysis for characterizing extracellular vesicles at ISEV 2014 March 11th, 2014
Thailand's Next Move on Research and Innovation March 11th, 2014
Iran Applying Nanotechnology in Growing Number of Industries March 10th, 2014
Fabrics Resistant to Growth of Microbes Produced in Iran February 10th, 2014
New Generation of Quantum Dots Born for Rapid, Effective Removal of Biological Pollutants January 8th, 2014
Silica, Copper Particles Used in Production of Waterproof, Antibacterial Cotton Fabrics December 23rd, 2013
Elmarco Enabled Industrial Electrospinning Technology for Laboratories: Elmarco introduces NS LAB, the electrospinning research tool designed for the needs of universities and research institutes March 6th, 2014
Carbodeon NanoDiamonds PTFE Coating doubles surface durability and reduces friction by up to 66 percent: New surface coating enables cost-effective CO2 and fuel reductions in machinery March 6th, 2014
Production of Aluminum-Ceria Nanocatalyst through Micro-Emulsion Method March 5th, 2014
Advantages emerge in using nanostructured material when forging mechanical components March 3rd, 2014