Nanotechnology Now

Our NanoNews Digest Sponsors


Heifer International

Wikipedia Affiliate Button

Home > Press > Industrial Nanotech, Inc. Signs Agreement with Member of Saudi Royal Family for Sales and Distribution in Saudi Arabia

Abstract:
Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanoscience solutions, today announced that the Company has signed an agreement with the Chairman of Saudi Environmental Projects, Ltd., HRH Prince Abdullah bin Mosaad Bin Abdulaziz Al-Saud, for the sales and distribution of the Company's patented product line of award winning, energy saving protective coatings containing a nanotechnology based material and which 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 and asset protection coatings.

Industrial Nanotech, Inc. Signs Agreement with Member of Saudi Royal Family for Sales and Distribution in Saudi Arabia

Naples, FL | Posted on August 17th, 2009

"We had been in discussions with several companies from the region since March of 2009," states Stuart Burchill, CEO/CTO of Industrial Nanotech, Inc. "At the invitation of HRH Prince Abdullah bin Mosaad, I met with him at the residence he owns in Beverly Hills, CA, on July 16, 2009. The conversation was remarkably friendly, candid, informative and productive. I was very impressed with the vision presented for the future of Saudi Arabia as an environmentally conscious global hub of manufacturing, industry and finance, the level of financial commitment towards that objective now being allocated from their current revenue stream, and the tremendous potential for our products to participate. The agreement was signed at the meeting. I look forward to the many opportunities this ongoing relationship presents and to discussing future joint ventures and projects together during my visit with the Prince in Saudi Arabia which I have scheduled at his request."

HRH Prince Abdullah bin Mosaad Bin Abdulaziz Al-Saud is one of the Kingdom's prominent businessmen and industrialists. He is the founder and chairman of the largest paper manufacturing and processing paper industrial facilities outside the USA, Europe and Japan. He is the Chairman and CEO of The Saudi Paper Manufacturing Group, which includes the Saudi Paper Manufacturing Company, the Saudi Recycling Company, and the Saudi Company for Environmental Enterprises. He is active in other fields and activities in the trade, services and investments sectors in Saudi Arabia and internationally. He travels extensively and works with other prominent businessmen from around the world to promote trade and understanding between Saudi Arabia and the other countries.

The mission statement of the Saudi Arabian General Investment Authority (SAGIA) is "Positioning Saudi Arabia among the top ten most competitive nations by 2010 through the creation of a pro-business environment, a knowledge-based society, and by developing new, world-class Economic Cities." At a cost of more than $60 billion, Saudi Arabia has planned and begun constructing four major metropolitan cities designed to be global economic and manufacturing centers. The Kingdom's vision for the Economic Cities is to contribute more than $150 billion US in annual GDP, to create over a million jobs, and to become home to 4-5 million residents by 2020. Strategically located around the Kingdom to utilize regional strengths, these cities will feature modern building design and will make use of the most advanced digital and technical infrastructure and world-class services. The Economic Cities are being developed based on smart design principles and SAGIA is working with leading environmental institutions to ensure that the Economic Cities are developed with the environment in mind. The goal of SAGIA is to position the Economic Cities as global leaders in commerce and industry, strategically located between East and West, and as environmental leaders by using Leadership in Energy and Environmental Design (LEED) to minimize negative environmental impacts and promote energy efficiency and sustainable development.


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.
ndustrial Nanotech Inc. is 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 which are sold worldwide.

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:
Industrial Nanotech, Inc (INTK)
Investor Relations
email:
US & Canada: 800-767-3998
International: +1 239-254-0346

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

Making magnets flip like cats at room temperature: Heusler alloy NiMnSb could prove valuable as a new material for digital information processing and storage July 25th, 2016

An accelerated pipeline to open materials research: ORNL workflow system unites imaging, algorithms, and HPC to advance materials discovery and design July 24th, 2016

Russian physicists discover a new approach for building quantum computers: Physicists find a way of 'bundling together' multiple elements of a quantum computer July 24th, 2016

A 'smart dress' for oil-degrading bacteria July 24th, 2016

Materials/Metamaterials

New reaction for the synthesis of nanostructures July 21st, 2016

Research team led by NUS scientists develop plastic flexible magnetic memory device: Novel technique to implant high-performance magnetic memory chip on a flexible plastic surface without compromising performance July 21st, 2016

Researchers discover key mechanism for producing solar cells: Better understanding of perovskite solar cells could boost widespread use July 21st, 2016

Graphene photodetectors: Thinking outside the 2-D box July 21st, 2016

Announcements

Making magnets flip like cats at room temperature: Heusler alloy NiMnSb could prove valuable as a new material for digital information processing and storage July 25th, 2016

An accelerated pipeline to open materials research: ORNL workflow system unites imaging, algorithms, and HPC to advance materials discovery and design July 24th, 2016

Russian physicists discover a new approach for building quantum computers: Physicists find a way of 'bundling together' multiple elements of a quantum computer July 24th, 2016

A 'smart dress' for oil-degrading bacteria July 24th, 2016

Home

Industrial Nanotech, Inc. Expands Distribution Network in US and Internationally May 9th, 2016

A View Through Wood Shows Futuristic Applications: Transparent wood made at UMD could create new windows, cars and solar panels May 5th, 2016

All powered up: UCI chemists create battery technology with off-the-charts charging capacity April 21st, 2016

Transparent wood could one day help brighten homes and buildings March 31st, 2016

Industrial

Scientists move 1 step closer to creating an invisibility cloak July 15th, 2016

Yale researchers’ technology turns wasted heat into power June 27th, 2016

Industrial Nanotech, Inc. Signs Agreement With and Receives First Purchase Order from Major New Customer in China June 6th, 2016

GLOBALFOUNDRIES to Expand Presence in China with 300mm Fab in Chongqing: Company plans new manufacturing facility and additional design capabilities to serve customers in China May 31st, 2016

Alliances/Trade associations/Partnerships/Distributorships

Leti and Korea Institute of Science and Technology to Explore Collaboration on Advanced Technologies for Digital Era July 14th, 2016

Nanosystem and Digital Surf launch NanoMap Alpha: New surface imaging & metrology software based on Mountains® Technology July 14th, 2016

FEI and King Abdullah University of Science and Technology Establish New Electron Microscopy ‘Centre of Excellence’: Centre of Excellence involves materials and life sciences research and technical collaboration July 5th, 2016

FEI and University of Liverpool Announce QEMSCAN Research Initiative: University of Liverpool will utilize FEI’s QEMSCAN technology to gain a better insight into oil and gas reserves & potentially change the approach to evaluating them June 22nd, 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







Car Brands
Buy website traffic