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

PetLife Comments on CNN Story on Scorpion Venom Health Benefits August 27th, 2014

Nanodiamonds Are Forever: A UCSB professor’s research examines 13,000-year-old nanodiamonds from multiple locations across three continents August 27th, 2014

Aspen Aerogels, Inc. to Present at Barclays CEO Energy-Power Conference August 27th, 2014

Nanotech Security Corp. to Acquire Fortress Optical Features Ltd., a Leading Producer of Banknote Security Features August 27th, 2014

Products

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

NEI Introduces Self-healing Anti-corrosion Coating for Zinc-Plated and Galvanized Steel March 14th, 2014

Announcements

Nanodiamonds Are Forever: A UCSB professor’s research examines 13,000-year-old nanodiamonds from multiple locations across three continents August 27th, 2014

Aspen Aerogels, Inc. to Present at Barclays CEO Energy-Power Conference August 27th, 2014

Nanotech Security Corp. to Acquire Fortress Optical Features Ltd., a Leading Producer of Banknote Security Features August 27th, 2014

Malvern specialists to deliver inaugural short course on polymer characterization at Interplas 2014 August 27th, 2014

Industrial

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

PerkinElmer to Display Innovative Detection and Informatics Offerings at ACS National Meeting & Exposition Detection, Data Visualization and Analytics for Chemistry Professionals August 8th, 2014

Nanostructured metal-oxide catalyst efficiently converts CO2 to methanol: Highly reactive sites at interface of 2 nanoscale components could help overcome hurdle of using CO2 as a starting point in producing useful products July 31st, 2014

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

Alliances/Partnerships/Distributorships

JPK expands availability of instrumentation in the USA – appointing new distributors – launched a new web site to support the US market - AFM now available to US users August 26th, 2014

Sunblock poses potential hazard to sea life August 20th, 2014

SouthWest NanoTechnologies Appoints Matteson-Ridolfi for U.S. Distribution of its SMW™ Specialty Multiwall Carbon Nanotubes August 13th, 2014

Could hemp nanosheets topple graphene for making the ideal supercapacitor? August 12th, 2014

New-Contracts/Sales/Customers

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

STFC takes delivery of the 100th Hitachi Tabletop SEM in the UK July 3rd, 2014

University of Maastricht Adds Complete Correlative Workflow from FEI to its Institute of Nanoscopy June 23rd, 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