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Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanotechnology, today announced that the Company's patented Nansulate® PT thermal insulation and corrosion resistance coating has been incorporated into the first display home of a LandCorp alternative housing project in Seville Grove, Western Australia. The deal was finalized by the Company's Australian distributor, Insulwest.
The innovative new home was built by 20*20 Pty. Ltd. within 14 days as part of a Western Australia State Government demonstration housing development. It is among a range of houses built with alternative design and construction techniques, which will be showcased at Revolution Road, due to open to the public in coming months. The Planning and Infrastructure Minister, Alannah MacTiernan, said the State Government was taking creative action to address housing supply and access to the new homes market and Revolution Road would showcase the possibilities for new home buyers.
Industrial Nanotech's patented Nansulate® Translucent PT was applied to internal steel walls clad with Gyprock to provide thermal insulation and benefit the integrity of the total wall assembly. Using new materials, the project offers Australian and international home buyers energy efficient, affordable housing options. The construction company, 20*20 Pty. Ltd., has committed to building over 500 of these homes over the next 12 months.
"This project provides an excellent example of how new technologies can help reduce energy use while still providing affordable and sustainable housing," stated Francesca Crolley, V.P. of Operations & Marketing for Industrial Nanotech, Inc. "We are thrilled to have our Nansulate PT thermal insulation and corrosion resistance coating included as an integral part of this alternative housing project. We look forward to the new opportunities for growth in this market as more governments back these types of projects which tie together earth friendly and energy saving needs with new technology solutions in an affordable package for the greatest overall impact."
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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