Nanotechnology Now

Our NanoNews Digest Sponsors



Heifer International

Wikipedia Affiliate Button


android tablet pc

Home > Press > Industrial Nanotech, Inc. Enters Heat Process Equipment OEM Market with Project Valued at Approximately 5 Million Dollars US Annually

Abstract:
Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanotechnology based energy saving solutions, today announced that the Company has entered the heat process equipment OEM market with a project to provide Nansulate® to an industrial boiler manufacturer for application on all new equipment manufactured by the customer. Nansulate® is the Company's patented product line of award winning, energy saving protective coatings 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. Revenues from this OEM deal are estimated to be approximately five million dollars annually.

Industrial Nanotech, Inc. Enters Heat Process Equipment OEM Market with Project Valued at Approximately 5 Million Dollars US Annually

Naples, FL | Posted on March 7th, 2011

"We have been very successful for many years at reducing the energy consumption of heat process equipment for our previous customers who insulated their existing in-service boilers with our coatings, resulting in Nansulate® generally paying it for itself in 12 - 18 months," states Francesca Crolley, VP of Business Development for Industrial Nanotech, Inc. "With these proven energy cost savings, plus the protective benefits that our coatings offer and their long-term durability, it was a natural progression for manufacturers of this type of equipment to begin to install it at the factory to make their products more energy efficient. This project is an important first step into the OEM market for energy efficiency of heat process equipment, including boilers, heat exchangers, steam traps, valves, distribution and return lines, and pressure reduction stations and is a valued addition to our other current OEM projects which include building materials and consumer goods.

Ms. Crolley continues, "Nansulate® provides solutions for insulating steam process systems and reducing related carbon emissions that is significant and long lasting. One of our textile clients reduced their liquid natural gas (LNG) consumption in 2007 & 2008 by 2,211,599 Standard Cubic Meters (Sm3), which was a cost savings directly attributed to Nansulate® insulation coatings of $852,437 USD. Their investment in the purchase of Nansulate® was $200,000 and installation cost was $100,000, therefore their payback period was only seven months. This represented a 20% reduction in energy use. Another manufacturing client who used the coatings on their steam process system components reduced their steam injection cycles by more than 50%, while improving product quality due to a more consistent process temperature. Yet another client who insulated their boilers, dye machines, and heat exchangers with Nansulate® High Heat recorded their reduction in LNG consumption and reported over a 20% decrease in energy consumption and an anticipated average savings per month of $40,000 US in energy costs."

For further information on Nansulate® Sustainable Coatings visit: www.nansulate.com.

####

About Industrial Nanotech, Inc.
Industrial Nanotech Inc. is a global nanoscience solutions and research leader and member of the U.S. Greenbuilding Council 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.

About Nansulate®
Nansulate® 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® 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, Facebook: www.facebook.com/Nansulate.

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

Copyright © Industrial Nanotech, Inc.

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

Dolomite to launch Meros TCU-100 temperature controller at Lab-on-a-Chip & Microarray World Congress September 15th, 2014

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

Rice rolls 'neat' nanotube fibers: Rice University researchers' acid-free approach leads to strong conductive carbon threads September 15th, 2014

Simple, Cost-Effective Method Proposed for Synthesizing Zinc Oxide Nanopigments September 15th, 2014

Announcements

Dolomite to launch Meros TCU-100 temperature controller at Lab-on-a-Chip & Microarray World Congress September 15th, 2014

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

Rice rolls 'neat' nanotube fibers: Rice University researchers' acid-free approach leads to strong conductive carbon threads September 15th, 2014

Simple, Cost-Effective Method Proposed for Synthesizing Zinc Oxide Nanopigments September 15th, 2014

Energy

Rice rolls 'neat' nanotube fibers: Rice University researchers' acid-free approach leads to strong conductive carbon threads September 15th, 2014

Simple, Cost-Effective Method Proposed for Synthesizing Zinc Oxide Nanopigments September 15th, 2014

UT Arlington research uses nanotechnology to help cool electrons with no external sources September 11th, 2014

Excitonic Dark States Shed Light on TMDC Atomic Layers: Berkeley Lab Discovery Holds Promise for Nanoelectronic and Photonic Applications September 11th, 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

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

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

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