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Industrial Nanotech, Inc. (Pink Sheets:INTK - News), an emerging global leader in nanotechnology, announced today that the Company's patented technology to reduce energy consumption and provide a 'clean' mold resistant insulation will be utilized in the restoration of an historic, circa 1900's theatre in Vienna, Illinois by architect Matt Hupe of Architechniques Ltd., Herrin, Illinois. The Company has recently experience a significant increase in architects' interest in their patented nanotechnology-based NansulateŽ thermal insulation and mold resistant coatings for energy savings.
In a description of the theatre project sent to the Company, Matt Hupe stated, "Your product will be a great base for us to have our client put on the walls first to add a buffer between the bricks and the furred out walls to get a decent insulation value for such a small space. As a bonus your product will insure they have a safe, comfortable and mold free facility for years to come."
Francesca Crolley, V.P. of Operations and Marketing, Industrial Nanotech, Inc. explained, "Our primary customer base has historically been the end user, whether it is a manufacturing facility or a homeowner. Recently, we have an increasing number of architects from around the country contacting us to learn more about Nansulate and how our energy saving technology can benefit their customers. Our new Sustainable Building Brochure, which explains how Nansulate can increase energy efficiency of pre-existing buildings and help Federal buildings meet energy reduction mandates, has been downloaded over 1200 times in less than two weeks. In addition, Nansulate was recently mentioned by an Oregon architect in an article in the Daily Journal of Commerce that discussed new 'green' technologies. We offer a solution for retrofit insulation that hasn't existed as an option in the past and architects are becoming excited about that. Nansulate presents an opportunity for architects to be innovative with energy conscious design and their responsiveness to our products highlights their sense of responsibility to contribute to more energy efficient building protocols."
The energy saving impact of NansulateŽ coatings has been tested by a number of 3rd party laboratories. Thermal testing specific to buildings was done by an accredited international laboratory according to the UNI EN ISO 8990:1999 standard "Standard Test Method for Steady-State Thermal Performance of Building Assemblies" which is similar to the ASTM C236. The results showed that NansulateŽ translucent coatings reduced energy flow through a wall by 34.8%. In addition, real world case studies measuring actual kilowatt use have shown reduction in energy used to heat and cool by as much as 41%. Testing information is available on the company's website at nansulate.com.
Pursuant to the Energy Independence and Security Act, it is mandatory for Federal buildings to reduce energy consumption by 15 percent by 2010 and by 30 percent by 2015. Many pre-existing buildings were constructed with solid walls and no area available for traditional forms of insulation. For these and other buildings, NansulateŽ represents a cost effective means to meet these new government mandates for energy reduction.
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, fire resistance, chemical resistance, and lead encapsulation in an environmentally safe, water-based, coating formulation. The Nansulate(R) Product Line includes industrial, residential, agricultural and solar thermal insulation 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 emerging as a global nanoscience solutions and research leader. The Company develops and commercializes new and innovative applications for nanotechnology. Industrial Nanotech, Inc. is a proud member of the U.S. Green Building Council.
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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