Nanotechnology Now

Our NanoNews Digest Sponsors


Heifer International

Wikipedia Affiliate Button

Home > Press > Industrial Nanotech, Inc. Establishes Distribution Network in South Korea For Company's Award Winning Energy Saving Protective Coatings

Abstract:
Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanoscience solutions, today announced that the Company has entered into an agreement with Intas Co. Ltd. to serve as the Company's exclusive distributor for The Republic of Korea.

Industrial Nanotech, Inc. Establishes Distribution Network in South Korea For Company's Award Winning Energy Saving Protective Coatings

Naples, FL | Posted on March 10th, 2010

Over the past 10 years, Intas has developed a network of 250 resellers throughout South Korea and has established itself as a premier provider of leading edge energy efficient technologies to the industrial, medical, commercial and consumer markets in the region.

The largest of the Four Asian Tigers, the economy of South Korea is the fourth largest in Asia and 13th largest in the world. According to preliminary data provided by the Ministry of Strategy and Finance, the nation's GDP amounted to approximately $820 Billion US in 2009. South Korea is the world's largest shipbuilder and the fifth largest automobile maker in the world. Its capital, Seoul, was named the world's sixth most economically powerful city by Forbes in 2008. South Korea is currently pursuing many multi-billion dollar developments including the Digital Media City in Seoul, Centum City in Busan and Songdo International City in Incheon. In 2009, South Korea became the world's eighth largest exporter. It is also the third largest trading partner of China and Japan and the seventh largest trading partner of the United States. While most other countries fell into recession or staved off collapse during the past 18 months by putting themselves in tremendous debt, South Korea is already back to robust growth. The economy is expected to expand this year by 4.7 percent, with a budget deficit of just 2 percent of output.

"We are looking forward to working with Intas to expand the reach of Nansulate coatings for energy savings and asset protection in South Korea," stated Francesca Crolley, V.P. of Business Development for Industrial Nanotech, Inc. "After their initial inquiry in mid-January of 2010, Intas President Tony Seong, accompanied by Jae-Young Kim from their sister company, Sein Electric, traveled to the United States to meet with us on February 22nd. We were impressed by their previous successes and their innovative plan to capitalize on the increasing energy conservation regulations in their country and focus on energy efficiency. On March 8th, 2010, they purchased the exclusive rights to distribute Nansulate in South Korea under our standard Exclusive Distributor Agreement. They have an established network and presence in industrial and consumer markets. Their current product offerings include smart switches, industrial panel PCs, PV (photovoltaics), BIPV (building integrated photovoltaics), and energy management systems for power control and surveillance. Their aggressive strategy to incorporate our patented Nansulate energy saving technology into their energy efficiency packages, as well as their energy micro-grid projects, is expected to further accelerate growth and adoption in this market."

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.

About Nansulate(R)
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.

For more information, please click here

Contacts:
For Industrial Nanotech, Inc.
The Cervelle Group, LLC
Investor Relations:
Rob Karbowsky
407-614-5959, ext. 227

Copyright © Industrial Nanotech

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Borrowing from pastry chefs, engineers create nanolayered composites: Method to stack hundreds of nanoscale layers could open new vistas in materials science July 25th, 2016

Integration of novel materials with silicon chips makes new 'smart' devices possible July 25th, 2016

Accurate design of large icosahedral protein nanocages pushes bioengineering boundaries: Scientists used computational methods to build ten large, two-component, co-assembling icosahedral protein complexes the size of small virus coats July 25th, 2016

XEI Scientific Partners with Electron Microscopy Sciences to Promote and Sell its Products in North and South America July 25th, 2016

Products

Oxford Nanoimaging to provide desktop super-resolution microscopes May 10th, 2016

Abalonyx launches Reduced Graphene Oxide Product: Abalonyx has successfully scaled up production of thermally reduced graphene oxide (rGO) in its Tofte, Norway, production facility. This product is now offered to customers in Kg-quantities May 10th, 2016

New Generation of Graphene Reinforced Carbon Fibre Prepreg Products March 14th, 2016

New Generation of Graphene Reinforced Carbon Fibre Prepreg Products March 10th, 2016

Announcements

Borrowing from pastry chefs, engineers create nanolayered composites: Method to stack hundreds of nanoscale layers could open new vistas in materials science July 25th, 2016

Integration of novel materials with silicon chips makes new 'smart' devices possible July 25th, 2016

Accurate design of large icosahedral protein nanocages pushes bioengineering boundaries: Scientists used computational methods to build ten large, two-component, co-assembling icosahedral protein complexes the size of small virus coats July 25th, 2016

XEI Scientific Partners with Electron Microscopy Sciences to Promote and Sell its Products in North and South America July 25th, 2016

Alliances/Trade associations/Partnerships/Distributorships

XEI Scientific Partners with Electron Microscopy Sciences to Promote and Sell its Products in North and South America July 25th, 2016

Leti and Korea Institute of Science and Technology to Explore Collaboration on Advanced Technologies for Digital Era July 14th, 2016

Nanosystem and Digital Surf launch NanoMap Alpha: New surface imaging & metrology software based on Mountains® Technology July 14th, 2016

FEI and King Abdullah University of Science and Technology Establish New Electron Microscopy ‘Centre of Excellence’: Centre of Excellence involves materials and life sciences research and technical collaboration July 5th, 2016

New-Contracts/Sales/Customers

Oxford Instruments and Dresden High Magnetic Field Laboratory collaborate to develop HTS magnet technology components for high field superconducting magnet systems June 29th, 2016

Nanometrics Selected for Third-Generation 3D-NAND Process Control: Atlas® Systems Extend Advanced Device Manufacturing Capability June 14th, 2016

Industrial Nanotech, Inc. Signs Agreement With and Receives First Purchase Order from Major New Customer in China June 6th, 2016

Deep Space Industries and SFL selected to provide satellites for HawkEye 360’s Pathfinder mission: The privately-funded space-based global wireless signal monitoring system will be developed by Deep Space Industries and UTIAS Space Flight Laboratory May 26th, 2016

NanoNews-Digest
The latest news from around the world, FREE




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







Car Brands
Buy website traffic