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Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanotechnology, announced today that the Company has begun production of their revolutionary, patented, Nansulate® EPX product line at the Company's new manufacturing and distribution center in New Brunswick, NJ.
"I was accompanied at the plant by two of my senior Ph.D. chemists for the first production scale run this past Wednesday, April 30th, and we all agree that it went flawlessly," states Stuart Burchill, CEO/CTO of Industrial Nanotech, Inc. "Subsequent quality control analysis confirms that it meets our high standards and we are now filling existing orders, beginning with the container shipments of approximately 1800 gallons each to our distributors who have pre-ordered the product. The retail price of this product is $105.00 per gallon and it presents a great value added proposition for our industrial and OEM clients with a fast cure time, revolutionary thermal insulation performance, outstanding chemical resistance to both base and acid chemicals... including 95% concentration sulfuric acid, long-term protection against metal corrosion in marine and deep sea environments, and exceptional fire retardant properties. The coating can be applied from 1/8" thick to several inches thick."
Mr. Burchill continues, "We chose to manufacture the product in New Brunswick, NJ because the facility there has the capacity to meet the production volumes we project and it has close proximity to a major port, therefore significantly lowering the cost and time of shipping to our valuable overseas clients in South America, Europe, Asia, Africa, and the Middle East. With Industrial Nanotech, Inc. already experiencing a 302% year over year revenue growth rate from 2007 to 2008, as of YTD ending May 2nd... almost double our previous 4 year average year over year revenue growth of 162%... the addition of Nansulate EPX, a product which has generated tremendous interest and pre-sales worldwide, promises to exponentially increase our already undeniably explosive growth rate."
Nansulate® EPX is the Company's newest addition to their line of nanotechnology-based coatings which has a four year track record of providing energy and cost saving solutions for industry and homeowners worldwide. Nansulate® EPX combines superior thermal insulating ability with excellent corrosion resistance, chemical resistance, and flame resistance, making it a unique and powerful protective coating for a wide variety of industrial and commercial plant, equipment, and building applications. Literature and additional information about this product is currently in production and will be made available on the Company's website during the month of May. Additional variations of Nansulate EPX tailored to specific customers are currently in the final phases of development and further information regarding these unique products will be released in the near future.
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, resistance to mold growth, lead encapsulation, chemical resistance and flame resistance in an environmentally safe, water-based, coating formulation. The Nansulate(R) Product Line includes both industrial and residential coatings.
About Industrial Nanotech, Inc.
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
407-475-9966 ext. 227
The Cervelle Group, LLC
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