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Industrial Nanotech, Inc., (Pink Sheets:INTK), an emerging global leader in nanotechnology, announced today that the Company has successfully created an epoxy formulation of Nansulate® specifically designed to meet the stringent requirements of naval vessels and commercial marine industry.
"The introduction of Nansulate EPX is the culmination of over two years of research and development with our team at Princeton Polymer Laboratories, Inc.," states Stuart Burchill, CEO of Industrial Nanotech, Inc. "We discovered in early work with the United States Navy and major shipbuilders including Hyundai, the world's largest builder of supertankers, that they were accustomed to an epoxy based system instead of a latex based system. I cannot overstate the technological challenge that presented to us and the significance of this scientific accomplishment for this valuable and important market sector."
Industrial Nanotech, Inc. will begin production of the new patented product, Nansulate® EPX, within 90 days. The coating will provide the same combination of performance qualities as the current Nansulate® line of coatings - thermal insulation, protection against corrosion, and resistance to mold growth - in a durable, epoxy based system.
"This is an exciting expansion of our current portfolio of successful nanotechnology based coatings," explains Francesca Crolley, VP of Operations and Marketing for Industrial Nanotech, Inc. "Over the years we have developed a valuable network of contacts in the multi-billion dollar defense industry and industrial manufacturing complex. Nansulate EPX is the product they have been waiting for. In addition to satisfying United States Navy and commercial shipbuilding specifications, the rapid cure time has real value to the many OEM manufacturers who have contacted us over the years. These companies have been searching for a product with the unique combination of performance benefits that our Nansulate product line offers, but need a rapid cure time in order to incorporate it into their manufacturing processes. This new product satisfies that requirement."
About Industrial Nanotech, Inc.
Industrial Nanotech Inc. is quickly 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.
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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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