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Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanotechnology, announced today that it has awarded distribution rights for its Nansulate product line to two companies in the Australia/Oceania region. Australia distribution was awarded to Insulwest, a marine, mining, and transport supply company, which distributes for DuPont. The New Zealand distributorship was awarded to Matrex Cold Patch, an established supplier of commercial and industrial products in the region.
"We welcome Insulwest and Matrex Cold Patch as our newest international distributors," states Francesca Crolley, VP of Operations and Marketing for Industrial Nanotech, Inc. "These companies have an extensive and impressive track record selling to key industries in the Oceania region. We feel Industrial Nanotech's energy saving, corrosion resistant and mold resistant Nansulate line of coatings will make a significant impact in the region's oil and gas markets. Oceania is also at the forefront of instituting carbon emissions and energy savings protocols, an area where our Nansulate line can provide a tangible industry benefit."
Australia is highly industrialized and manufactured goods account for most of the gross domestic product. New Zealand is one of the most developed countries in the Pacific, with one of the highest GDP per capita in the region. Major industries for the Oceania region include Agriculture, Iron and Steel, Meat and Dairy Processing, Machinery, and Natural Gas Processing.
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(R) 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(R) 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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