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Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanotechnology, announced today that its Oklahoma-based distributor, Pioneer Builders, has been awarded a contract to supply the Company's patented thermally insulating and mold resistant coating, Nansulate® HomeProtect, for approximately 50 homes in a new "Green" residential development in Sherman, Texas.
The development, North Haven, in Sherman, Texas begins construction in the first quarter of 2008 and includes 23 acres with 50 residential lots. Homeowners' choice of floor plans determines the final value of the project to the Company. Pioneer Builders will apply the nanotechnology-based coating on the walls and in the attics of the custom built homes to increase their energy efficiency.
"This project is the first major residential project where the unique performance qualities of Nansulate will be utilized to provide energy savings and cost savings for homeowners on their heating and cooling bills," stated Francesca Crolley, V.P. of Operations & Marketing for Industrial Nanotech, Inc. "Worldwide, energy efficient building methods are becoming a priority for all responsible commercial and residential developers and in many countries government regulations are being implemented which will require green building practices in all residential and commercial building construction. It is well established that Nansulate provides an easy-to-use and cost effective way to increase the energy efficiency of homes and buildings and to help builders meet green building objectives. We anticipate rapid revenue growth in this sector."
Nansulate(R) is the Company's patented product line of specialty coatings containing a nanotechnology-based material and which are well-documented to provide thermal insulation, prevent corrosion, resist mold, chemical resistance, and encapsulate lead. The Nansulate(R) Product Line includes both industrial and residential coatings.
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 ).
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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