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Presentation to Petrochemical Producer and Invitation to Saudi Oil and Gas Exhibition
Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanoscience solutions, announced updates regarding Saudi Arabia Distributor, Saudi Environmental Projects, Ltd., the new exclusive distributor for Nansulate® energy saving and asset protection coatings in Saudi Arabia.
The Company will be assisting with a presentation this week by Saudi Environmental Projects to one of the top five petrochemical companies in the world. In addition the Company's CEO/CTO, Stuart Burchill, has been invited by Saudi Environmental Projects to give a technical presentation about the Company's nanotechnology based industrial coatings and their insulating and corrosion resistant capabilities at the Saudi Oil and Gas Exhibition in January 2010.
The Chairman of Saudi Environmental Projects, Ltd., 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.
"Saudi Environmental Projects will be giving a presentation this week to the largest petrochemical producer in the region and one of the top five petrochemical companies in the world," stated Francesca Crolley, VP of Business Development for Industrial Nanotech, Inc. "We have provided the presentation material and will be attending via teleconference. The client first contacted the Company earlier this month to request a presentation on Nansulate® technology after reading in the current issue of Global Processing magazine about Henateks textile and how the company saved over $460,000 USD in energy costs in 2008 due to implementation of Nansulate® insulation and corrosion prevention coatings in their facility at a cost of only $200,000 USD for product and $100,000 USD for installation."
Ms. Crolley continued, "Additionally, Industrial Nanotech CEO/CTO, Stuart Burchill, has received an invitation to attend Saudi Oil, Gas & Petrochem 2010, held in Riyadh City January 17-20, 2010 to present Nansulate® solutions for the oil & gas and petrochemical markets with Saudi Environmental Projects. In attendance is expected to be representatives from Aramco, Sabic, Gasco, and companies from China, Germany, United Kingdom, Italy, France, Turkey, Egypt, Qatar, Kuwait, UAE and more. The four day event will include conferences, workshops and exhibitions covered by TV, newspapers and magazines with special reports and interviews with exhibitors and visitors. Last year's exhibition welcomed more than 8,247 senior managers and purchasing decision makers."
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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