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Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanotechnology, today announced that the Company will be entering the commercial roof insulation market through the development of a lightweight thermal insulation tile for a major commercial roofing company.
"We recently received a request to supply a product which can be integrated into current standard commercial roofing materials," stated Stuart Burchill, CEO/CTO of Industrial Nanotech, Inc. "This is a product line we have been working on for several years and we are quite confident that we can integrate our current capabilities into products that are Energy Star qualified and will be widely used on the roofs of warehouses, manufacturing facilities, office buildings, and public facilities. In addition, we have started establishing distribution channels, the first of which includes a well established commercial roofing contractor doing high volume, large scale projects. We anticipate that this market will quickly come to represent one of the largest revenue streams for Industrial Nanotech, Inc."
The roofing market in the US was a $12.7 billion in 2006 and global demand for roofing materials is estimated to grow to $54 billion by 2010. Rising energy costs have made energy efficient roofing materials a priority in both new construction and re-roofing projects.
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.
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, (www.industrial-nanotech.com) and (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
The Cervelle Group, LLC
Rob Karbowsky, 407-475-9966 ext. 227
The Cervelle Group, LLC
Tina Kuhn, 407-475-9966
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