Nanotechnology Now

Our NanoNews Digest Sponsors



Heifer International

Wikipedia Affiliate Button


android tablet pc

Home > Press > Industrial Nanotech, Inc. Announces Expansion into China in Partnership with Company's Saudi Arabian Distributor

Abstract:
Industrial Nanotech, Inc. (Pink Sheets: INTK), an emerging global leader in nanotechnology based energy saving solutions, today announced that the Company is expanding into China in partnership with its distributor from The Kingdom of Saudi Arabia.

Industrial Nanotech, Inc. Announces Expansion into China in Partnership with Company's Saudi Arabian Distributor

Naples, FL | Posted on December 6th, 2010

"Our distributor in Saudi Arabia is well positioned to facilitate our expansion into China through their firmly established and rapidly growing business interests and relationships at the highest levels in that country," stated Stuart Burchill, CEO/CTO of Industrial Nanotech, Inc.

Saudi Arabia, with approximately one fifth of global crude oil reserves and China, one of the world's largest oil consumers, have forged closer ties as Saudi Arabia responds to China's rising energy needs. China is now the main buyer of Saudi oil, and Saudi Arabian Oil and Saudi Basic Industries are making substantial investments in refinery and petrochemicals projects in China. During a recent trip to Saudi Arabia, Chinese Minister of Commerce Chen Deming stated that both countries expect to increase trade volume to $60 billion by 2015 after the target of $40 billion, projected for 2010, was accomplished in 2008. The partnership between Saudi Arabia and China is part of a broader strategy by the Kingdom of Saudi Arabia to supply Asian markets and extend their participation in global progress.

In March of 2010, Mr. Burchill traveled to Riyadh, Saudi Arabia for a week of meetings with leaders of industry in Saudi Arabia as a guest 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.

Mr. Burchill continued, "The close relationships developed during my visit to Saudi Arabia, the impeccable integrity of all their business dealings with us, the substantial resources and the quality of the resources which our distributor there has access to and has allocated to expanding the use Nansulate in industry, including a team of highly educated engineers and technical staff members, and their commitment to the commercialization of Nansulate throughout the region combined with their well established relationships in China made them a natural choice to be our partners in expanding the use of Nansulate throughout China."

In September of 2010, the vice chairman of China's National Development and Reform Commission, Xie Zhenhua, stated that the country will continue working to reduce the growth of its carbon emissions. He emphasized the role of technological innovation and that Chinese companies are researching ways to upgrade the country's traditional industries. He added that some of the objectives, such as reducing carbon emissions, will be made mandatory.

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.

For more information, please click here

Contacts:
Investor Relations:
Rob Karbowsky, 800-767-3998

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

Scientists refine formula for nanotube types: Rice University theorists determine factors that give tubes their chiral angles September 17th, 2014

New non-invasive technique could revolutionize the imaging of metastatic cancer September 17th, 2014

Toward making lithium-sulfur batteries a commercial reality for a bigger energy punch September 17th, 2014

Recruiting bacteria to be technology innovation partners: September 17th, 2014

Products

Fonon at Cutting-Edge of 3D Military Printing: Live-Combat Scenarios Could See a Decisive Advantage with 3D Printing September 15th, 2014

QuantuMDx announce prototype handheld lab for 15 minute malaria diagnosis and drug resistance testing April 23rd, 2014

Nanovations Sets new Benchmark in Automotive Windscreen Coating Durability: Nanovations new automotive glass coating Vision Protect, sets new benchmark in glass coating durability March 23rd, 2014

Tawada CleanTech to show fabric duct and eco cool coating in MegaBuild March 21st, 2014

Announcements

New NPZ100-403 Piezo Stage from nPoint Inc. September 17th, 2014

Scientists refine formula for nanotube types: Rice University theorists determine factors that give tubes their chiral angles September 17th, 2014

New non-invasive technique could revolutionize the imaging of metastatic cancer September 17th, 2014

Toward making lithium-sulfur batteries a commercial reality for a bigger energy punch September 17th, 2014

Industrial

Industrial waste converted in coating for aircraft turbines September 11th, 2014

Scientists Use Nanotechnology to Improve Mechanical Properties of Ceramics September 3rd, 2014

Nanoscale assembly line August 29th, 2014

Iranians Find Novel Method for Processing Highly Pure Ceramic Nanoparticles August 12th, 2014

Alliances/Partnerships/Distributorships

Toward making lithium-sulfur batteries a commercial reality for a bigger energy punch September 17th, 2014

NEI Corporation and PneumatiCoat Technologies Sign Agreement to Jointly Develop and Market New Materials for Lithium-ion Batteries September 12th, 2014

Handheld scanner could make brain tumor removal more complete, reducing recurrence September 3rd, 2014

Leading European communications companies and research organizations have launched an EU project developing the future 5th Generation cellular mobile networks August 28th, 2014

New-Contracts/Sales/Customers

Fullerex: Talga Resources Joins INSCX™ Exchange September 4th, 2014

Global Energy Systems Signs Master Sales Agreement with China Aviation Supplies Group September 4th, 2014

East China University of Science and Technology Purchases Nanonex Advanced Nanoimprint Tool NX-B200 July 30th, 2014

University of Manchester selects Anasys AFM-IR for coatings and corrosion research July 30th, 2014

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







© Copyright 1999-2014 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE