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Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanotechnology, announced today that the Company has recently developed an innovation application process for its 250 kilometer pipeline project with Petrobras, the Brazilian Oil & Gas giant.
"During a recent roundtable discussion with several of our top PhD chemists, we were conducting a detailed review of the application process logistics and we had one of those ‘eureka' moments that research scientists prize," states Stuart Burchill, CEO of Industrial Nanotech. "Our original objective was to review the pipeline installation process, from the pipe manufacturing stage to completion of the pipeline installation, and look for any potential areas where errors in application or handling could occur and revise those steps to make mistakes less likely. The result was the development of an automated process using slightly modified commercially available equipment that not only dramatically reduces the possibility of mistakes, but it reduces the application time per 50 foot long pipe from hours to minutes. This represents a dramatic time and cost savings to Petrobras and a significant added benefit to Petrobras from their relationship with Industrial Nanotech. We look forward to demonstrating this process to them during their engineers' upcoming visit to our laboratories for a product application guidelines seminar."
"We believe this combination of the unique performance qualities of our coating, the value of those performance qualities to all companies in the oil and gas industry worldwide, and this innovative application protocol has the potential to become an industry standard," continues Mr. Burchill.
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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