Nanotechnology Now







Heifer International

Wikipedia Affiliate Button


DHgate

Home > Press > Industrial Nanotech, Inc. Announces 4th Consecutive Year of Triple Digit Growth Rate In 2008 with Gross Revenue of $1.414 Million

Abstract:
Industrial Nanotech, Inc. (Pink Sheets:INTK - News), an emerging global leader in nanotechnology, today announced that the Company maintained its track record of triple digit year over year revenue growth for the 4th consecutive year with gross revenues in 2008 of $1.414 Million.

Industrial Nanotech, Inc. Announces 4th Consecutive Year of Triple Digit Growth Rate In 2008 with Gross Revenue of $1.414 Million

NAPLES, FL | Posted on January 26th, 2009

"Our sole corporate focus was on maintaining our historical significant revenue growth rate in 2008 despite the difficulties created by the global economic crisis and we succeeded," stated Stuart Burchill, CEO/CTO of Industrial Nanotech, Inc. "The inherent value of our technologies to consumers and industries worldwide and our hard work are the core great strengths of this company. This is not to say we didn't have some disappointments related to the financial turmoil, because we did. An example is the deal for 10 shipping containers of our product destined for a major textile plant in Turkey that we began filling last fall and which was subsequently put on hold due to the deterioration of the credit markets while the customer negotiates new credit lines with their financial institutions. However, we are pleased with our ability to overcome those unexpected setbacks and still produce a 184% year over year growth rate in 2008. It is a testimony to our products, our staff, our scientists, and our network of exclusive distributors and independent representatives."

Mr. Burchill continued, "Additionally, many of the larger deals with multi-year closing cycles are still moving forward. Our team in Brazil confirmed as recently as January 8th of this year that the projects we are involved in with Petrobras are not being scaled back despite lower oil prices. Petróleos Mexicanos (PEMEX), Mexico's state-owned petroleum company, the 10th largest oil company in the world in terms of revenue, has requested a meeting with me at their headquarters in Mexico City in February to provide technical guidelines and specifications for a pipeline project and a fuel tank project they have planned for 2009. Other projects include an upcoming application of Nansulate High Heat and Nansulate EPX by Lyondell Chemical in Houston on large chemical tanks to insulate and protect from corrosion. Lyondell Chemical has 17 plants throughout the country. A state corrections department contract, which is in the initial phase, will begin using Nansulate on the interior walls of cells. Clearly, we are growing this business and our ability to not only survive, but to thrive, in the adverse climate of 2008 is a valuable indicator that we have what it takes to get the job done."
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, resistance to mold growth, and lead encapsulation in an environmentally safe, water-based, coating formulation. The Nansulate(R) Product Line includes both industrial and residential coatings. Additional information about the Company and its products can be found at their websites, (www.industrial-nanotech.com) and (www.nansulate.com).

####

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.

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
The Cervelle Group
LLC Investor Relations:
Rob Karbowsky
407-475-9966, ext. 227

or
Media Relations:
David Donlin
407-475-9966

Copyright © Industrial Nanotech, Inc.

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

Toyocolor to Launch New Carbon Nanotube Materials at nano tech 2015 January 24th, 2015

NANOPOSTER 2015 - 5th Virtual Nanotechnology Conference - call for abstracts January 24th, 2015

Nanosensor Used for Simultaneous Determination of Effective Tea Components January 24th, 2015

The latest fashion: Graphene edges can be tailor-made: Rice University theory shows it should be possible to tune material's properties January 24th, 2015

Materials/Metamaterials

Toyocolor to Launch New Carbon Nanotube Materials at nano tech 2015 January 24th, 2015

The latest fashion: Graphene edges can be tailor-made: Rice University theory shows it should be possible to tune material's properties January 24th, 2015

Silver nanowires demonstrate unexpected self-healing mechanism: The material has potential for flexible electronics January 23rd, 2015

Scientists 'bend' elastic waves with new metamaterials that could have commercial applications: Materials could benefit imaging and military enhancements such as elastic cloaking January 23rd, 2015

Announcements

Toyocolor to Launch New Carbon Nanotube Materials at nano tech 2015 January 24th, 2015

NANOPOSTER 2015 - 5th Virtual Nanotechnology Conference - call for abstracts January 24th, 2015

Nanosensor Used for Simultaneous Determination of Effective Tea Components January 24th, 2015

The latest fashion: Graphene edges can be tailor-made: Rice University theory shows it should be possible to tune material's properties January 24th, 2015

Financial Reports

Nanometrics to Announce Fourth Quarter and Full Year Financial Results on February 2, 2015 January 7th, 2015

Harris & Harris Group Reports Financial Statements as of September 30, 2014 November 11th, 2014

Harris & Harris Group to Host Conference Call on Third Quarter 2014 Financial Results on November 12, 2014 November 3rd, 2014

Aspen Aerogels, Inc. Schedules Third Quarter 2014 Earnings Release and Conference Call for November 6, 2014 October 17th, 2014

Home

Materials - Next-generation insulation ... January 13th, 2015

Biosenta Inc. Updates New Household Disinfectant Testing Results; It Kills 100% of a Broad Range of Deadly Molds, Fungi, Bacteria, and Viruses, Including Ebola and Enterovirus D68 November 20th, 2014

Iranian Nano Scientists Create Flame-Resistant Polymers September 13th, 2014

Industrial Nanotech, Inc. Announces Agreement with Eagle Roofing Products to Produce Ultra-Premium Concrete Roof Tile June 17th, 2014

Industrial

Iranian Scientists Produce Graphene-Based Oxygen Sensor January 23rd, 2015

Teijin to Participate in Nano Tech 2015 January 22nd, 2015

Materials - Next-generation insulation ... January 13th, 2015

Iran Designs Magnetic Nano-Absorbents Cleaning Chemical Pollutants January 11th, 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







© Copyright 1999-2015 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE