Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

Home > Press > Industrial Nanotech, Inc. Sees Signs of International Manufacturing Rebound - Begins Major Project with World's Largest Sewing and Needlecraft Manufac

Abstract:
Industrial Nanotech, Inc. (Pink Sheets: INTK) announced today that the one of the Company's exclusive distributors signed a contract with Coats Plc, a textile manufacturer based in England, to coat the machinery in their yarn dyehouse facility located in Bursa, Turkey with the Company's award winning nanotechnology based thermal insulation and corrosion resistant products, Nansulate® EPX and Nansulate® High Heat industrial coating. The project will commence the week of March 16, 2009.

Industrial Nanotech, Inc. Sees Signs of International Manufacturing Rebound - Begins Major Project with World's Largest Sewing and Needlecraft Manufac

Naples, FL | Posted on March 14th, 2009

"This is a very important economic indicator for us. Although we were able to maintain our five year track record of triple digit revenue growth in 2008 despite the state of the world economy, our projects in Turkey, including a sale of over $1,000,000 US of our products to another textile plant in Turkey, had been put on hold as the credit crisis accelerated," stated Francesca Crolley, VP of Operations and Marketing for Industrial Nanotech, Inc. "The start of this second project, which has been planned since 2008, is a good indicator that manufacturing levels are beginning to turn back towards normal, at least in this region, and we anticipate additional progress on other projects in Turkey throughout 2009."

"Coats was one of the major customers that showed a great interest in Nansulate EPX as soon as we introduced it," stated Dr. Vedat Bilgin, President of Kolorgen Ltd., the exclusive distributor for Industrial Nanotech, Inc. in Turkey. "Our initial trials at Coats' plant showed a significant energy saving potential. We now have a signed contract. All yarn dyehouse machinery will be coated with Nansulate EPX and High Heat. Once that is completed, the project will extend to other areas of the factory as well as factory buildings and other Coats facilities throughout Europe. Energy saving measures have become even more important due to the recent worldwide financial turmoil. Simply, if you don't get the numbers right, you cannot survive."

Coats Plc is the world's largest sewing thread and needlecraft supplies manufacturer, processor and distributor, with 25,000 employees and plants in 67 countries. The company's products are sold in 150 countries. 2008 revenue was 1.6 billion USD.

The total value of this project to Industrial Nanotech, Inc. has not yet been determined.

About Nansulate(R)
Nansulate(R) is the Company's patented product line of award winning, 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). Blog: www.nansulate.com/nanoblog, Twitter: www.twitter.com/NanoPioneer.

####

About Industrial Nanotech, Inc.
Industrial Nanotech Inc. is emerging as a global nanoscience solutions and research leader and member of the U.S. Greenbuilding Council. 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.
SOURCE: Industrial Nanotech, Inc.

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

Researchers identify structural changes that occur in enveloped viruses before invading host August 21st, 2018

Magnetic antiparticles offer new horizons for information technologies: Computer simulations reveal new behavior of antiskyrmions in gradually increased electric currents August 21st, 2018

Energy-efficient spin current can be controlled by magnetic field and temperature: SCMR effect simplifies the design of fundamental spintronic components August 20th, 2018

Color effects from transparent 3D printed nanostructures: New design tool automatically creates nanostructure 3D print templates for user-given colors Scientists present work at prestigious SIGGRAPH conference August 18th, 2018

Materials/Metamaterials

CTI Materials drives nano commercialization with it's patented surfactant free nanoparticle dispersions August 15th, 2018

Flipping the switch on supramolecular electronics August 14th, 2018

Biomimetic micro/nanoscale fiber reinforced composites August 10th, 2018

Yale-NUS scientist and collaborators solve open theoretical problem on electron interactions August 10th, 2018

Announcements

Researchers identify structural changes that occur in enveloped viruses before invading host August 21st, 2018

Magnetic antiparticles offer new horizons for information technologies: Computer simulations reveal new behavior of antiskyrmions in gradually increased electric currents August 21st, 2018

Energy-efficient spin current can be controlled by magnetic field and temperature: SCMR effect simplifies the design of fundamental spintronic components August 20th, 2018

Color effects from transparent 3D printed nanostructures: New design tool automatically creates nanostructure 3D print templates for user-given colors Scientists present work at prestigious SIGGRAPH conference August 18th, 2018

Industrial

A colossal breakthrough for topological spintronics: BiSb expands the potential of topological insulators for ultra-low-power electronic devices August 2nd, 2018

Strategic Materials Conference 2018 Highlights “Materials Shaping the Future of Electronics” July 30th, 2018

Carbon is the new black: Researchers use carbon nanotubes to develop clothing that can double as batteries July 10th, 2018

New sensor technology enables super-sensitive live monitoring of human biomolecules July 3rd, 2018

New-Contracts/Sales/Customers

Nanometrics Delivers 100th: Atlas III System for Advanced Process Control Metrology Atlas III: Systems are qualified and in production for advanced devices in DRAM, 3D-NAND and Foundry/Logic August 2nd, 2018

Picosun’s ALD solutions make quality watches tick July 26th, 2018

Barium ruthenate: A high-yield, easy-to-handle perovskite catalyst for the oxidation of sulfides July 13th, 2018

Oxford Instruments’ 22 Tesla superconducting magnet system commissioned at the UAM, making it the most intense magnetic field available outside a large international facility July 12th, 2018

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



  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project