Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

Home > Press > Industrial Nanotech, Inc. Begins Receiving Orders Relating to Mexican Building Standard Approval for their Patented Nansulate® Insulation Coatings

Abstract:
Industrial Nanotech, Inc. begins receiving orders relating to Mexican Building Standard Approval for their Patented Nansulate® Insulation Coatings. The Company reported in an earlier release the award of NOM certification of their patented Nansulate® thermal insulation and mold prevention coating and acceptance as part of the Green Mortgage program by INFONAVIT.

Industrial Nanotech, Inc. Begins Receiving Orders Relating to Mexican Building Standard Approval for their Patented Nansulate® Insulation Coatings

Naples, FL | Posted on September 22nd, 2010

Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanoscience energy saving solutions, announced today that the expected orders from Mexico have now started coming in after delays caused by financing documentation required by the Mexican banking system. The Company reported in an earlier release the award of NOM certification of their patented Nansulate® thermal insulation and mold prevention coating and acceptance as part of the Green Mortgage program by INFONAVIT, Mexico's state owned and largest mortgage provider.

The NOM 018 ENER 1997, for which Nansulate® is now certified, is the Mexico Thermal Insulation Standard and is mandatory for all new construction.

"After initial documentation delays, we are now seeing the first orders come in related to the coating's recent recognition by Mexico's Federal Electric Company (CFE) and INFONAVIT, " stated Francesca Crolley, V.P. of Business Development for Industrial Nanotech, Inc. "Additionally, as anticipated by our Mexican distributor, Distribuidora Nano de America, orders are also coming in from corporate and manufacturing customers looking for a cost effective product to reduce building heating and cooling costs and manufacturing process costs due to the certification of Nansulate® as an effective insulation product by Mexico's testing authority ONNCCE, the nationally recognized Mexican Standards Organization. We expect market share in Mexico to continue to grow rapidly as this innovative technology is recognized for the energy saving and protective benefits that it provides, as well as the longevity of consistent thermal performance. We look forward to reducing energy costs on a national scale for Mexico, and many other countries."

The company was informed in June that INFONAVIT has included Nansulate® into the specification for worker's homes under their Green Mortgage program to increase energy efficiency. They have projected that Nansulate® will initially be used for approximately 15% of the market for this year (Total Market more than 400,000 units) which is at least 60,000 homes.

The Green Mortgage program is designed to promote the incorporation of energy sustainability criteria in the homes that INFONAVIT finances, supporting the National Strategy for Climate Change, ensuring energy and water savings that will make homes more affordable and improve the environment. Since the Green Mortgage program was launched in 2009, Infonavit has originated a total of 150,668 green mortgages for MXN 28.9 billion (USD 2.2 billion) and is financed by its lending operations, by mandatory employer contributions on behalf of the country's 14.4 million salaried workers, and by mortgage bonds. Infonavit plans to make between 475,000 and 525,000 mortgages this year.

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.

####

For more information, please click here

Contacts:
For Industrial Nanotech, Inc. Investor Relations: Rob Karbowsky, 800-767-3998

Copyright © PRWeb

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

Report highlights opportunities and risks associated with synthetic biology and bioengineering November 22nd, 2017

Quantum optics allows us to abandon expensive lasers in spectroscopy: Lomonosov Moscow State University scientists have invented a new method of spectroscopy November 21st, 2017

Nano-watch has steady hands November 21st, 2017

Nano Global, Arm Collaborate on Artificial Intelligence Chip to Drive Health Revolution by Capturing and Analyzing Molecular Data in Real Time November 21st, 2017

Products

STMicroelectronics Peps Up Booming Social-Fitness Scene with Smart Motion Sensors for Better Accuracy, Longer Battery Life, and Faster Time to Market January 2nd, 2017

Cutting-edge nanotechnologies are breaking into industries November 18th, 2016

STMicroelectronics’ Semiconductor Chips Contribute to Connected Toothbrush from Oral-B That Sees What You Don’t: Microcontroller and Accelerometer help brushers clean their teeth more effectively October 4th, 2016

Particle Works launches range of high quality magnetic nanoparticles August 31st, 2016

Announcements

Report highlights opportunities and risks associated with synthetic biology and bioengineering November 22nd, 2017

Quantum optics allows us to abandon expensive lasers in spectroscopy: Lomonosov Moscow State University scientists have invented a new method of spectroscopy November 21st, 2017

Nano-watch has steady hands November 21st, 2017

Nano Global, Arm Collaborate on Artificial Intelligence Chip to Drive Health Revolution by Capturing and Analyzing Molecular Data in Real Time November 21st, 2017

Industrial

A new way to mix oil and water: Condensation-based method developed at MIT could create stable nanoscale emulsions November 8th, 2017

Researchers greenlight gas detection at room temperature October 26th, 2017

Novel 'converter' heralds breakthrough in ultra-fast data processing at nanoscale: Invention bagged four patents and could potentially make microprocessor chips work 1,000 times faster October 20th, 2017

Injecting electrons jolts 2-D structure into new atomic pattern: Berkeley Lab study is first to show potential of energy-efficient next-gen electronic memory October 13th, 2017

New-Contracts/Sales/Customers

Solid State Laser manufacturer Lasertel Inc. purchases an Oxford Instruments ICPCVD advanced deposition solution for improved device performance November 3rd, 2017

GLOBALFOUNDRIES and Soitec Enter Into Long-term Supply Agreement on FD-SOI Wafers: Strategic milestone to help guarantee a secure, high-volume supply of FD-SOI technology September 20th, 2017

Probiotics: Novel biosynthetic tool to develop metallic nanoparticles: This research article by Dr. Nida Akhtar et al has been published in Recent Patents on Drug Delivery & Formulation, Volume 11, Issue 1, 2017 July 20th, 2017

Here's a tip: Indented cement shows unique properties: Rice University models reveal nanoindentation can benefit crystals in concrete July 20th, 2017

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