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Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanotechnology, announced today that a major US Power Company plans to use Industrial Nanotech's Nansulate nanotechnology based coating to provide both corrosion protection and thermal insulation of its infrastructure. The total value of the project has not yet been determined and the project is expected to be ongoing.
"There are areas throughout the delivery system of steam to the consumer where the public is exposed to high heat surfaces which present risk of burn injury," states Francesca Crolley, Vice President of Operations and Marketing for Industrial Nanotech, Inc. "This company is one of the largest power producers in the US, but this is a problem that power producers around the world face and are moving to mitigate in the interest of public and workplace safety. Nansulate provides them with a cost effective solution that helps them deliver energy more efficiently with less thermal loss as it travels from power plant to the consumer, reduces the risk of injury from accidental contact with pipes and equipment by lowering the surface temperature to a safe level, and increases the lifespan of the infrastructure by protecting it against corrosion. We have been actively pursuing the workplace safety sector of the industrial marketplace and consider this a milestone as we add this significant source of revenue to our diverse portfolio of markets served."
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(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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