Nanotechnology Now - Press Release: "Nansulate(R) Thermal Insulation and Asset Protection Coatings Offer Long-Term Solutions for Offshore Oil and Gas Platforms"

Home > Press > Nansulate(R) Thermal Insulation and Asset Protection Coatings Offer Long-Term Solutions for Offshore Oil and Gas Platforms

Abstract:
Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanoscience energy saving solutions, reported today that the Company's Nansulate(R) Translucent PT thermal insulation and corrosion resistant coating provides effective insulation and corrosion prevention for oil pipelines in marine environments.

Nansulate(R) Thermal Insulation and Asset Protection Coatings Offer Long-Term Solutions for Offshore Oil and Gas Platforms

Naples, FL | Posted on April 1st, 2010

Nansulate(R) was used effectively for protecting oil pipelines on a Sipetrol owned AM6 platform off the coast of Argentina. The product was applied to pipe that transfers petroleum from the vertical separators to the connection of the pumps that impulse the fluid to the AM3 platform. Nansulate(R) Translucent PT was applied in three coats for a total average thickness of 350 microns. Surface temperature of pipeline was measured to determine reduction of heat loss from petroleum products. Prior to application, the average temperature of the pipeline exterior was 140F (60C). With Nansulate(R) PT the average temperature of the pipeline exterior was 107.6F (42C), for a temperature reduction of 30%.

"Nansulate(R) industrial coatings perform extremely well in the severe marine environment of offshore platforms," stated Francesca Crolley, V.P. Business Development for Industrial Nanotech, Inc. "The Sipetrol application was done in 2005 and continues to be an excellent example of the reason Nansulate(R) technology was first envisioned - as a solution for corrosion under insulation and to provide effective thermal insulation that did not degrade over time due to moisture infiltration. Nansulate coatings offer exceptional corrosion resistance combined with powerful insulating ability in a clear coating that allows visual inspection of the pipeline without need for expensive removal. The water-based acrylic coatings have passed one of the more stringent accelerated corrosion tests, the GM9540P, at 24 cycles with no red rust present. The minimum for corrosion coatings is 8 cycles. They also have been tested for CUI and thermal conductivity according to BP (British Petroleum) standards for pipelines and are rated Class A for flame spread (ASTM E84)."

Photos and case study information on the Sipetrol application can be found at: www.nansulate.com/green_projects_offshoreplatform.htm.

The GM9540P accelerated corrosion test details and pictures can be found at: www.nansulate.com/corrosion_prevention_data.htm

Sipetrol, a private division of ENAP, a global oil and resource based company with 2009 consolidated revenues of just over $7 billion dollars US, is owned by the Chilean Government. The company's main activity is exploring, exploiting and marketing of hydrocarbons and its derivatives. ENAP has the following subsidiaries: ENAP Refinerias S.A., ENAP Sipetrol S.A., Petro Servicio Corp. S.A. and Gas de Chile S.A. and also has branches in Argentina and Ecuador.

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.

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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.

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.

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

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