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Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanoscience solutions, today announced that the Company has received a large order from Saudi Environmental Projects Ltd., the Company's exclusive distributor for the Kingdom of Saudi Arabia.
This follows their previously placed initial order in October of 2009 to introduce the coatings to the market and generate energy saving projects. The order placed this week is for more than 1,450 gallons of Nansulate(R) thermal insulation and asset protection coating products, with a retail value of over $131,500.00 USD.
"When we appointed Saudi Environmental Projects as our representative in Saudi Arabia, we knew that we had chosen the best possible representative for Nansulate energy saving technology in the region," stated Francesca Crolley, V.P. Business Development for Industrial Nanotech, Inc. "This order is the result of all the hard work and the substantial resources they have dedicated to introducing Nansulate and its cost saving potential to the many industries in their country. Their recent attendance at the Saudi Oil, Gas & Petrochem exhibition held in Riyadh City in January was a tremendous success and they were able to present the unique energy saving benefits of the coatings to government officials, representatives from ARAMCO and over 500 other industry professionals and dignitaries who visited. We anticipate further growth in the region as the technology gains widespread use and acceptance as a product that provides effective thermal insulation and protection of assets and equipment in a wide variety of harsh environmental conditions and provides significant cost savings for many seeking sustainable solutions."
The Chairman of Saudi Environmental Projects, Ltd., HRH Prince Abdullah bin Mosaad Bin Abdulaziz Al-Saud, is one of the Kingdom's most 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.
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
407-614-5959, ext. 227
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