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Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanotechnology, announced today that it has developed a thermally insulating, corrosion resistant coating for use on underwater oil and gas pipelines.
"The newest addition to our patented line of nanotechnology based coatings, ‘Nansulate Aqua', fills a critical need in the oil and gas industry," states Francesca Crolley, VP of Operations and Marketing for Industrial Nanotech. "The world's demand for energy is increasing rapidly, forcing new methods of accessing fuel sources. In the North Sea, natural gas emerges from the ocean floor at depth of over 2 miles at a temperature of 203 degrees Fahrenheit and must be kept as warm as possible as it is transported through the freezing North Sea to avoid a buildup of hydrates and the resulting potential blockage of the pipeline. Off the coast of California, oil from tankers is offloaded at pumping stations and transported through underwater pipes to holding tanks onshore. Maintaining an adequately high temperature during transport under the Pacific is critical to maintaining sufficient volume flow. This type of problem faces the oil natural gas industry worldwide and we provide an innovative, easy-to-use, cost efficient solution."
Nansulate Aqua is available immediately to commercial customers and the formulations can be customized to suit the specific needs, application parameters, and environmental conditions of a specific project.
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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