Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

Home > Press > Industrial Nanotech, Inc. Awards Exclusive Distributorship for Malaysia to Company with Current Annual Revenues 140 Million Dollars (US)

Abstract:
Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanotechnology, announced today that it has awarded the exclusive distributorship for Malaysia to Global Globe (M) Sdn Bhd. Global Globe operates in key sectors of technology, government supply, oil and gas, power and construction and currently has annual sales of 140 million dollars US.

Industrial Nanotech, Inc. Awards Exclusive Distributorship for Malaysia to Company with Current Annual Revenues 140 Million Dollars (US)

NAPLES, FL | Posted on May 29th, 2007

"Global Globe has a very impressive track record of success in the Malaysia region - especially in markets that could benefit substantially from our Nansulate line of thermally insulating anti-corrosive coatings," states Francesca Crolley, VP of Operations and Marketing for Industrial Nanotech, Inc. "Their strong relationship with, and contacts within, the Malaysian government have resulted in the granting of 210 million dollars in multi-year projects for Global Globe so far in 2007. Their participation in the tender to supply 280 million dollars in gas pipes to Petronas Gas, the government owned oil and gas company, for its gas pipeline project in Sabah and Sarawak in Malaysia were an important consideration in our decision-making process."

Ms. Crolley continues, "The technical application specifications that are currently being developed jointly by our team here in the US, our technical staff in Rio De Janeiro, and Senior Coatings Engineers at Petrobras headquarters in Brazil for our project with them will be a valuable asset to Global Globe as they move forward on their 280 million dollar deal with Petronas." Earlier this year, Industrial Nanotech announced the procurement of a request from Petrobras, the Brazilian gas and oil giant, for the Company's its thermal insulating and corrosion protection coating valued at more than 3.7 million dollars for a project in Brazil.

During the last decade, the Malaysian economy achieved average annual growth rates of about 7% while GDP doubled to reach an estimated RM219.4 billion (US$57.7 billion) in 2002. Exports and imports have almost quadrupled to reach RM349.6 billion (US$92.0 billion) and RM298.5 billion (US$78.6 billion) respectively, placing Malaysia among the world's top 20 trading nations.

####

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 industrial and residential coatings. Nansulate incorporates a nanotechnology based material into a high quality water-based coating system which provides the combined performance qualities of thermal insulation, corrosion prevention, resistance to mold growth and lead encapsulation. Nansulate is a green, environmentally safe product which promotes energy savings.

About Global Globe

Global Globe is a diversified company, and with a subsidiary company focusing on the oil and gas sector. The company and its subsidiaries provide services for power distribution facilities, construction of roads and buildings, enhanced oil recovery, improved oil recovery, drilling of oil/gas wells, and other related activities.

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

Materials/Metamaterials

Copper catalyst yields high efficiency CO2-to-fuels conversion: Berkeley Lab scientists discover critical role of nanoparticle transformation September 20th, 2017

New quantum phenomena in graphene superlattices September 18th, 2017

New insights into nanocrystal growth in liquid: Understanding process that creates complex crystals important for energy applications September 14th, 2017

Corrosion in real time: UCSB researchers get a nanoscale glimpse of crevice and pitting corrosion as it happens September 14th, 2017

Announcements

Quantum twisted Loong confirms the physical reality of wavefunctions September 23rd, 2017

Application of air-sensitive semiconductors in nanoelectronics: 2-D semiconductor gallium selenide in encapsulated nanoelectronic devices September 22nd, 2017

Researchers set time limit for ultrafast perovskite solar cells September 22nd, 2017

DNA triggers shape-shifting in hydrogels, opening a new way to make 'soft robots' September 21st, 2017

Alliances/Trade associations/Partnerships/Distributorships

GLOBALFOUNDRIES and Soitec Enter Into Long-term Supply Agreement on FD-SOI Wafers: Strategic milestone to help guarantee a secure, high-volume supply of FD-SOI technology September 20th, 2017

GLOBALFOUNDRIES Unveils Vision and Roadmap for Next-Generation 5G Applications: Technology platforms are uniquely positioned to enable a new era of ‘connected intelligence’ with the transition to 5G September 20th, 2017

Leti and Partners in PiezoMAT Project Develop New Fingerprint Technology for Highly Reliable Security and ID Applications: Ultra-high Resolution Pressure Sensing Uses Matrices of Vertical Piezoelectric Nanowire To Reconstruct the Smallest Features of Human Fingerprints September 5th, 2017

Phenom-World selects Deben to supply a tensile stage as an accessory to their range of desktop SEMs August 29th, 2017

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