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

Information storage with a nanoscale twist: Discovery of a novel rotational force inside magnetic vortices makes it easier to design ultrahigh capacity disk drives March 28th, 2017

ATTOPSEMI Technology Joins FDXcelerator Program to Deliver Advanced Non-Volatile Memory IP to GLOBALFOUNDRIES 22 FDX® Technology Platform: Leading-edge I-fuse™ brings higher reliability, smaller cell size and ease of programmability for consumer, automotive, and IoT applications March 27th, 2017

Leti and HORIBA Scientific to Host Webinar on Ultrafast Characterization Tool: Plasma Profiling Time-of-Flight Mass Spectrometer Tool Cuts Optimization Time In Layer Deposition and Fabrication of Wide Range of Applications March 27th, 2017

Laser activated gold pyramids could deliver drugs, DNA into cells without harm: Microstructures create temporary pores in cells March 27th, 2017

Materials/Metamaterials

Researchers make flexible glass for tiny medical devices: Glass can bend over and over again on a nanoscale March 27th, 2017

Argon is not the 'dope' for metallic hydrogen March 24th, 2017

Promising results obtained with a new electrocatalyst that reduces the need for platinum: Researchers from Aalto University have succeeded in manufacturing electrocatalysts used for storing electric energy with one-hundredth of the amount of platinum that is usually needed March 24th, 2017

Rice U. refines filters for greener natural gas: New study defines best materials for carbon capture, methane selectivity March 23rd, 2017

Announcements

Information storage with a nanoscale twist: Discovery of a novel rotational force inside magnetic vortices makes it easier to design ultrahigh capacity disk drives March 28th, 2017

ATTOPSEMI Technology Joins FDXcelerator Program to Deliver Advanced Non-Volatile Memory IP to GLOBALFOUNDRIES 22 FDX® Technology Platform: Leading-edge I-fuse™ brings higher reliability, smaller cell size and ease of programmability for consumer, automotive, and IoT applications March 27th, 2017

Leti and HORIBA Scientific to Host Webinar on Ultrafast Characterization Tool: Plasma Profiling Time-of-Flight Mass Spectrometer Tool Cuts Optimization Time In Layer Deposition and Fabrication of Wide Range of Applications March 27th, 2017

Laser activated gold pyramids could deliver drugs, DNA into cells without harm: Microstructures create temporary pores in cells March 27th, 2017

Industrial

Rare-earths become water-repellent only as they age March 22nd, 2017

CRMGroup in Belgium uses a Deben three point bending stage in the development of new steel & coated steel products for automotive and other industrial applications March 21st, 2017

Imaging the inner workings of a sodium-metal sulfide battery for first time: Understanding how the structural and chemical makeup of the material changes during the charge/discharge process could help scientists advance battery design for future energy storage needs March 9th, 2017

Rice lab expands palette for color-changing glass: Nanophotonics team creates low-voltage, multicolor, electrochromic glass March 8th, 2017

New-Contracts/Sales/Customers

JPK selects compact tensile stage from Deben for their NanoWizard® AFM platform to broaden capabilities for materials characterisation February 22nd, 2017

Cetim Facility Receives Bruker Contour CMM Dimensional Analysis System: New Optical Coordinate Measurement Technology Enables High-Precision 3D Scanning November 16th, 2016

Industrial Nanotech, Inc. Announces Plans to Spin Off New Product Line to Major Paint Compan November 9th, 2016

Leti Provides New Low-noise Image Technology to French SME PYXALIS; Will Be Demonstrated at Vision 2016 in Stuttgart November 3rd, 2016

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