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Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanotechnology based energy saving solutions, today announced that the Company has received a purchase order from their exclusive distributor in Saudi Arabia for the Company's patented NansulateŽ energy saving protective coatings in the amount of $1,183,427.18 US.
"As indicated by the Q3 2010 revenue numbers we announced on October 6th and this purchase order from Saudi Arabia, we continue to experience exponential increases in revenue growth in a wide variety of market sectors and geographical regions," stated Francesca Crolley, VP of Business Development for Industrial Nanotech, Inc. "After six years of proven performance in almost every application imaginable worldwide, our Nansulate product line is experiencing much faster acceptance by larger companies who previously had been hesitant to be early adopters. With the overwhelming preponderance of evidence which we are now able to present for this revolutionary technology, proving that Nansulate pays for itself in real dollar energy savings in a short period of time and protects factories and equipment from corrosion and chemical damage at the same time, it has become a much easier decision for companies with serious sustainability initiates to implement the use of our award winning products into their standard energy saving protocols."
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, the American Solar Energy Society, and an official ALLY organization with the U.S. Dept. of Energy "Save Energy Now" program. The Company develops and commercializes new and innovative applications for sustainable nanotechnology which are sold worldwide.
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Industrial Nanotech, Inc.
1925 Trade Center Way, Suite 1
Naples, FL 34109
US & Canada (Toll Free): 800-767-3998
US & International: 1-239-254-0346
Fax (US & Can.): 1-239-254-1381
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