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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 made its first sale to a nuclear power facility in the United States of its patented nanotechnology based insulation and protective coating line, Nansulate®. The coatings provide effective, weathering resistant thermal insulation as well as valuable protective performance qualities including corrosion prevention, moisture and UV resistance, and lead encapsulation, which is an issue when decommissioning nuclear facilities.
"The nuclear industry is a unique one," stated Francesca Crolley, V.P. Business Development for Industrial Nanotech, Inc. "While some countries are decommissioning nuclear facilities, others have plans to build more to meet rising population energy needs. Our technology gives us unique opportunities to be a value added proposition in both cases. Our thermal insulation coatings are being used to insulate equipment to reduce heat loss and increase energy efficiency in existing nuclear facilities. Additionally, there is a need for lead abatement in facilities that are being decommissioned. Nansulate® coatings provide cost effective thermal insulation properties that stand up well to extreme environments, as well as the ability to easily encapsulate lead contaminated surfaces for environmental remediation. We have already begun initial projects in the U.S. with facilities using our nanotechnology based products. Power generation facilities, including Nuclear, Coal, Oil & Gas, Wind, Wave, and Solar will continue to be a market focus of ours this year to expand the foot print of sustainable nanotechnology and the benefits it can offer for energy efficient power generation."
The U.S. Department of Energy estimates the world commercial nuclear generating gross capacity could increase from 2005 levels by 35 percent in 2015 and by 70 percent in 2030 (U.S. Department of Energy, 2006.). Of approximately 439 nuclear power plants that currently operate in thirty countries, the United States, France and Japan operate about half. Currently, an additional 33 plants are in the process of being constructed with another 94 planned, and 222 proposed by countries ranging from China to South Africa, according to a 2008 report by The Wharton School, University of Pennsylvania.
About Industrial Nanotech, Inc.
Industrial Nanotech Inc. is a global nanoscience solutions and research leader and member of the U.S. Greenbuilding Council. The Company develops and commercializes new and innovative applications for sustainable nanotechnology which are sold worldwide.
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.
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Industrial Nanotech, Inc.
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