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Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanoscience solutions, today announced that the company's patented Nansulate® thermal insulation and asset protection coatings will now be used on all new solar water heater systems manufactured by Asia based First Energy Solution Manufacturing Corporation.
We have been approached by a number of solar panel and water heater manufacturers for trials with Nansulate® Solar since it was released earlier this year," stated Francesca Crolley, VP of Business Development for Industrial Nanotech, Inc. "We are pleased that First Energy Solution has started using our coatings on all new water heater systems they produce to increase efficiency.
Their company first began trials on their solar water heater systems with both Nansulate® Solar and Nansulate® Translucent GP in July of 2009. After successfully completing the trials and confirming the benefits, they ordered product to be used in a large solar water heating system for a new hotel/condo tower to insulate in conjunction with their industrial series of solar heaters. They recently informed us that Nansulate® will be standard on all systems they manufacture from this point forward and they will be providing us with an estimate of their quarterly order amounts."
The Asian market for solar energy is currently more than ten times that of all of Europe and projected to grown at an annual rate of over 20% - 30%.
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® 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.
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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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