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Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanotechnology, today announced that the Company's patented Nansulate® product line of energy saving thermal insulation and corrosion prevention coatings will be featured at the upcoming International Textile Machinery Exhibition (ITM 2009) to be held June 6-10, 2009 in Istanbul, Turkey.
The company's Turkish distributor, Kolorgen Ltd, will be demonstrating the energy saving effectiveness of Nansulate® coatings which have been in use on processing machinery in the textile industry for more than 4 years. Kolorgen has successfully completed applications to increase energy savings and reduce costs at many facilities, including Henateks, Erenko, Aloha, Deba and Coats textile, among others.
"Nansulate® has proven to be a key energy saving solution for the textile market," explained Francesca Crolley, V.P. of Operations and Marketing, Industrial Nanotech, Inc. "Our coatings are used on many critical types of process equipment including heat exchangers, steam boilers, dye machines, dryers, LNG burners and piping of all types to reduce energy use and protect equipment from corrosion. The energy savings are well documented, including one customer who saved $600,000 per year by using Nansulate® to insulate equipment (total Nansulate® product cost: $200,000) and another saving $100,000 per year in energy costs (total Nansulate® product cost: $40,000). In addition, when used on dye machines, our insulation coating improves the consistency of the dye lot (reproducibility). Textile is a market that has embraced our technology, and we are looking forward to the exhibition to demonstrate our technology, its significant benefits and solid case studies that we've accumulated in this industry. Besides the obvious benefit of cost savings through reduction of energy use, Nansulate® is a ‘green' technology and also helps these plants reduce their overall carbon emissions - an added plus for the environment and green initiatives."
About ITM 2009
The International Textile Machinery Exhibition (ITM 2009) is one of the largest textile exhibitions in the world. It will be held June 6-10, 2009 at the Tuyap Fair, Convention and Congress Center, Buyukcekmece, Istanbul, Turkey. More than 1000 producer companies and almost 100,000 national and international investors are expected to visit ITM 2009 that will be organized with the cooperation of Teknik Fuarcılık, Tüyap and TEMSAD. Expected attendance will represent 1500 companies from 37 countries around the world.
Nansulate® 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® 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 and the American Solar Energy Society. 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.
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For Industrial Nanotech, Inc.
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407-614-5959, ext. 227
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