Nanotechnology Now

Our NanoNews Digest Sponsors





Heifer International

Wikipedia Affiliate Button


DHgate

Home > Press > Industrial Nanotech, Inc. Year Over Year Revenue Growth Rate Climbs to 255% in Q1 2008

Abstract:
Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanotechnology, today reported that revenues from product sales in the first quarter of 2008 increased approximately 255% over the first quarter of 2007.

Industrial Nanotech, Inc. Year Over Year Revenue Growth Rate Climbs to 255% in Q1 2008

NAPLES, FL | Posted on April 2nd, 2008

The average annual year over year total revenue growth rate for the Company for the past three years is 162% per year.

Q1 2008 revenue numbers include the revenue from only the first container of the ten container, $1,070,000.00 US order announced on 3/11/2008 and being shipped to the textile plant in Turkey over ten months at a rate of one container per month. The first container was shipped in March 2008. An increase in the volume of individual sales to homeowners and business/factory owners, both in the US and in Europe, and a container shipment to the Company's exclusive distributor in Italy also contributed to the increase.

"We are fortunate to be experiencing the significant increase in revenue growth rate that the Company has been able to achieve in a difficult economic climate," said Stuart Burchill, CEO/CTO of Industrial Nanotech, Inc. "We have executed a marketing plan for our Nansulate products that has a particularly strong impact in today's energy conscious world. We continue to hear positive reports from the loyal customer base of both industrial and residential customers regarding our products. Consumers recognize our flagship line, NANSULATE®, as the premium solution for saving energy, thermal insulation, corrosion resistance, mold prevention, and lead encapsulation."

Mr. Burchill continued, "With the success of our current Nansulate line, and the products we have coming to market, we are well positioned as a leader in nanotechnology and green technology for years to come."

About Nansulate(R)

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.

For more information, please click here

Contacts:
For Industrial Nanotech, Inc., Naples
Investor Relations:
The Cervelle Group, LLC
Rob Karbowsky
407-475-9966 ext. 227

or
Media Inquiries:
The Cervelle Group, LLC
Tina Kuhn
407-475-9966

Copyright © Business Wire 2008

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Quantum states in a nano-object manipulated using a mechanical system August 3rd, 2015

Nanoparticles used to breach mucus barrier in lungs: Proof-of-concept study conducted in mice a key step toward better treatments for lung diseases August 3rd, 2015

Promising Step Taken in Iran towards Treatment of Spinal Cord Injury August 3rd, 2015

Diagnosis of Salmonella Bacterium-Caused Food Poisoning by Biosensors August 3rd, 2015

Materials/Metamaterials

Thin films offer promise for ferroelectric devices: Researchers at Tokyo Institute of Technology demystify the ferroelectric properties observed in hafnium-oxide-based thin films, revealing a potentially useful device material August 3rd, 2015

Shaping the hilly landscapes of a semi-conductor nanoworld August 1st, 2015

Self-assembling, biomimetic membranes may aid water filtration August 1st, 2015

Transparent, electrically conductive network of encapsulated silver nanowires: A novel electrode for optoelectronics August 1st, 2015

Announcements

Quantum states in a nano-object manipulated using a mechanical system August 3rd, 2015

Nanoparticles used to breach mucus barrier in lungs: Proof-of-concept study conducted in mice a key step toward better treatments for lung diseases August 3rd, 2015

Promising Step Taken in Iran towards Treatment of Spinal Cord Injury August 3rd, 2015

Diagnosis of Salmonella Bacterium-Caused Food Poisoning by Biosensors August 3rd, 2015

Financial Reports

Industrial Nanotech, Inc. Provides Update on PCAOB Audited Financials July 27th, 2015

Nanometrics to Announce Second Quarter Financial Results on July 23, 2015 July 2nd, 2015

Aspen Aerogels to Webcast 2015 Annual Meeting of Stockholders June 11th, 2015

Industrial Nanotech, Inc. Provides Update June 8th, 2015

NanoNews-Digest
The latest news from around the world, FREE



  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project