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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 initial inventory order from Angstrom Technology Private Limited, the Company's exclusive distributor for India, whose agreement was signed and announced on November 30th. The initial order is for one sea container (1440 gallons) of mixed Nansulate(R) thermal insulation and asset protection coating products, which has a retail value of approximately $122,000.00 USD.
"Angstrom Technology has a strong sales team and a solid plan in place for marketing Nansulate(R) coatings in India," stated Francesca Crolley, V.P. Business Development for Industrial Nanotech, Inc. "This initial order is in accordance with their multi-pronged sales approach for the country which includes institutional sales, retail sales, sales through a network of trained applicators, e-commerce and other initiatives. In addition to being innovative thinkers, their parent company A.L. Batra Group of Industries, founded in 1911, has a significant and successful history. We look forward to a rapidly expanding presence for our energy saving technology in India through their dynamic leadership and experience as a key player in several core sections of the Indian economy."
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 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.
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.
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For Industrial Nanotech, Inc.
The Cervelle Group, LLC
Rob Karbowsky, 407-614-5959, ext. 227
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