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Industrial Nanotech, Inc., an emerging global leader in nanotechnology, is featured in the July 2007 issue of Tekstil & Teknik, which covers the Turkish textile industry.
Industrial Nanotech, Inc. (Pink Sheets: INTK), an emerging global leader in nanotechnology, is featured in the July 2007 issue of Tekstil & Teknik, which covers the Turkish textile industry.
The feature story spotlights Turkish textile manufacturer, Henateks, and how it has dealt with the rising energy costs and lower profit margins facing the textile industry worldwide. After looking at a range of possible solutions, Henateks chose Nansulate Translucent as a heat insulation and corrosion solution for their large facility.
"As known, profit margins in textiles have decreased significantly in recent years and export companies had to press on tailor-cut companies to reduce their rates due to the instability in the exchange rate and the high value of the Turkish lira (the Turkish currency). We started to seek solutions to pull the energy costs (electricity 7%, natural gas 17%) down," says Eyop Sozdinler of Henateks A.S. The solution Henateks chose was Industrial Nanotech's Nansulate Translucent.
"We have just completed six months and saved natural gas by 16%. At the end, the rate is likely to reach 20%, which means an annual saving of 800,000 Turkish lira ($625,171.25 US)," continues Sozdinler. "We are delighted to reduce our natural gas consumption and continue our responsibility to the environment."
"Both dyeing and finishing processes in the textile industry require an extraordinary amount of heat energy. The costs are rising worldwide with few good solutions to capping costs and maintaining a profit margin," said Francesca Crolley, VP of Operations for Industrial Nanotech. "Industrial Nanotech is proud to provide worldwide textile manufacturers like Henateks a cost and energy efficient solution which not only impacts their bottom line but also addresses global concerns regarding reducing energy use and carbon emissions, while giving them the critical added value of protection against corrosion."
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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