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Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanotechnology, announced today that its patented thermal insulation coating, Nansulate®, has qualified for use in new construction in the United Arab Emirates (UAE).
"It is estimated that there is approximately 100 billion dollars of construction either under way or planned in Dubai, UAE," states Francesca Crolley, VP of Operations and Marketing for Industrial Nanotech, Inc. "There is now also great incentive for real estate developers to invest in energy efficient technologies for their projects, and Nansulate is a perfect solution for them. Our distributor in the UAE recently confirmed that our Nansulate product line has the necessary performance data to satisfy local building codes and qualify for use in new building construction, including commercial and residential buildings, roads, airport infrastructure, industrial parks and governmental institutions. They are now actively working with architects and engineers regarding specific projects. In one particular project, which would require 200,000 gallons of Nansulate, the developer needs a minimum 10% energy savings. Based upon the fact that our residential customers in the US consistently report a minimum of 20% - 40% energy savings after applying Nansulate, we are confident that we can meet the requirements of this project and others. They are currently preparing for field trials and we expect to have an answer on this project within the coming months."
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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