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Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanoscience solutions, today announced that the company has received an order of a pallet of product from a client of Independent Sales Representative, P.R. Ramanathan.
The order is from Ms. Kon Chem India Pvt. Ltd of Bangalore and will ship in 10 business days. The customer is a large manufacturer of concrete designer tiles and related chemicals. Other recent orders from India include Devi Polymers, who have already received their initial order and completed the application of the coatings, and New Chemical Industries, who ordered NansulateŽ coatings previously in 2009 and this month have reordered the company's new roof coating, NansulateŽ Crystal.
"I met with Mr. P.R. Ramanathan and his son in June of this year and we reviewed his company's marketing plan," stated Francesca Crolley, V.P. Business Development for Industrial Nanotech, Inc. "I was impressed with the number of opportunities that he had identified for rapid introduction of our energy saving coating technology in India, a market we have great interest in, and we are now seeing the benefits of the execution of the marketing plan for this country. It is a region that is growing exceptionally fast and there are many manufacturing, construction, transport and related industries who are all seeking reduction in energy consumption. There are many other clients with whom Mr. Ramanathan's company is working and we expect to see sales in India for NansulateŽ continue to accelerate exponentially throughout this year and beyond."
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.
About Industrial Nanotech
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.
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). Updates can be followed at Twitter/NanoPioneer.
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For Industrial Nanotech, Inc., Naples The Cervelle Group, LLC Investor Relations: Rob Karbowsky, 407-614-5959, ext. 227
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