Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

Home > Press > Industrial Nanotech, Inc. Announces Large Sale of Company’s Patented Energy Saving Protective Coating for Galp Energia Insulation and Corrosion Control Project

Abstract:
Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanoscience energy saving solutions, announced today that they have received a 2,973 gallon order from Montaco, the industrial contractor awarded the bid to install the Company's patented Nansulate® Translucent PT insulation and corrosion control coating on fuel oil tanks at the Porto refinery in Portugal, also known as Matosinhos refinery, owned by Galp Energia. This order represents a sale amount of over $225,800 and follows a prior order last year from another Porto refinery project where the coatings were specified for insulation and corrosion prevention of an oil pipeline.

Industrial Nanotech, Inc. Announces Large Sale of Company’s Patented Energy Saving Protective Coating for Galp Energia Insulation and Corrosion Control Project

Naples, FL | Posted on July 7th, 2011

"This project was specified last fall. We are pleased to see this project underway for insulation and corrosion control of large fuel oil storage tanks," stated Francesca Crolley, V.P. of Business Development for Industrial Nanotech, Inc. "Part of our long-term strategy was to have Nansulate® insulation technology specified as the insulation and corrosion control product of choice in both industrial and building projects worldwide. Over the past seven years in applications worldwide, Nansulate® has achieved a solid track record of superior performance, outstanding durability, and exceptionally rapid return on investment. Nansulate® has gained recognition in many industry sectors as the next generation of insulation and surface protection. We look forward to also forging a relationship with Montaco, a well-known industrial contractor in their country who specializes in anti-corrosive treatments, concrete protection, rehabilitation of equipment and buildings, and construction and specialty painting. We anticipate additional projects, in which Nansulate® is the specified product solution, being awarded through a bid process and commencing this year in other countries."

Galp Energia SGPS SA, Portugal's biggest oil company, plans to invest 5.2 billion euros ($6.5 billion) through 2013 as it develops projects including Tupi, the biggest oil discovery in the Americas in three decades. Galp plans to spend 2.2 billion euros on its refining and marketing division, mostly on conversion projects at its Sines and Porto refineries as it tries to increase diesel output and improve refining margins. Galp Energia acquires from several suppliers the crude oil that is processed in its refineries at Sines and Porto. These refineries have a total refining capacity of 310 thousand barrels of crude oil a day, or 20% of the Iberian Peninsula's refining capacity.

####

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

ANU invention to inspire new night-vision specs December 7th, 2016

Arrowhead Pharmaceuticals to Webcast Fiscal 2016 Year End Results December 7th, 2016

Journal Nanotechnology Progress International (JONPI), newest edition out December 7th, 2016

In IEDM 2016 Keynote, Leti CEO Says ‘Hyperconnectivity’, Human-focused Research and the IOT Promise Profound, Positive Changes December 7th, 2016

Materials/Metamaterials

Physicists decipher electronic properties of materials in work that may change transistors December 6th, 2016

Infrared instrumentation leader secures exclusive use of Vantablack coating December 5th, 2016

Construction of practical quantum computers radically simplified: Scientists invent ground-breaking new method that puts quantum computers within reach December 5th, 2016

Inside tiny tubes, water turns solid when it should be boiling: MIT researchers discover astonishing behavior of water confined in carbon nanotubes November 30th, 2016

Announcements

ANU invention to inspire new night-vision specs December 7th, 2016

Arrowhead Pharmaceuticals to Webcast Fiscal 2016 Year End Results December 7th, 2016

Journal Nanotechnology Progress International (JONPI), newest edition out December 7th, 2016

In IEDM 2016 Keynote, Leti CEO Says ‘Hyperconnectivity’, Human-focused Research and the IOT Promise Profound, Positive Changes December 7th, 2016

Patents/IP/Tech Transfer/Licensing

Keystone Nano Announces The US FDA Has Awarded Orphan Drug Designation For Ceramides For The Treatment Of Liver Cancer November 8th, 2016

Leti to Tackle Tomorrow's Research Strategies with Stanford University’s SystemX Alliance: French R&D Center Is the First Research Institute to Join the Collaboration and Provides Bridges Between Academia and Industry, Leveraging Alliance’s Potential October 4th, 2016

Picosun patents ALD nanolaminate to prevent electronics from overheating September 28th, 2016

NIST Patents Single-Photon Detector for Potential Encryption and Sensing Apps September 16th, 2016

New-Contracts/Sales/Customers

Cetim Facility Receives Bruker Contour CMM Dimensional Analysis System: New Optical Coordinate Measurement Technology Enables High-Precision 3D Scanning November 16th, 2016

Industrial Nanotech, Inc. Announces Plans to Spin Off New Product Line to Major Paint Compan November 9th, 2016

Leti Provides New Low-noise Image Technology to French SME PYXALIS; Will Be Demonstrated at Vision 2016 in Stuttgart November 3rd, 2016

DryWired's Liquid Nanotint to be the first nano-insulation in a Federal building: 250,000 federal buildings, most with uninsulated glass October 12th, 2016

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