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Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanoscience solutions, announced that the Company's CEO, Stuart Burchill, will be traveling to Riyadh, Saudi Arabia during the fourth week of March, 2010 for meetings with leaders of industry in Saudi Arabia at the invitation of HRH Prince Abdullah bin Mosaad Bin Abdulaziz Al-Saud, one of the Kingdom's most prominent businessmen and industrialists and the Chairman of the Company's exclusive distributor in Saudi Arabia, Saudi Environmental Projects, Ltd.
At a cost of more than $60 billion, Saudi Arabia has planned and begun constructing four major metropolitan cities designed to be global economic and manufacturing centers. The Kingdom's vision for the Economic Cities is to contribute more than $150 billion US in annual GDP, to create over a million jobs, and to become home to 4-5 million residents by 2020. Strategically located around the Kingdom to utilize regional strengths, these cities will feature modern building design and will make use of the most advanced digital and technical infrastructure and world-class services.
The Economic Cities are being developed based on smart design principles and SAGIA is working with leading environmental institutions to ensure that the Economic Cities are developed with the environment in mind. The goal of SAGIA is to position the Economic Cities as global leaders in commerce and industry, strategically located between East and West, and as environmental leaders by using Leadership in Energy and Environmental Design (LEED) to minimize negative environmental impacts and promote energy efficiency and sustainable development.
HRH Prince Abdullah bin Mosaad Bin Abdulaziz Al-Saud 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.
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 sustainable 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.
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407-614-5959, ext. 227
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