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Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanotechnology based energy saving and sustainable solutions announced increased demand this year for their patented Nansulate(R) Crystal clear insulating and mold resistant roof coating. This coating offers a clear alternative to the increasingly popular idea of using white roof coatings to increase building energy efficiency, providing a great solution for building roofs made of decorative concrete roof tile and all colors of asphalt shingle roof tile, allowing the customer to enjoy the benefits of energy savings and mold/mildew resistance and added UV protection without changing the appearance of the roof of their home or commercial building. Nansulate(R) Crystal nanotechnology-based coating offers an advancement to this concept by reducing direct heat conduction rather than simply reflecting the sun's rays, which allows it to be effective in all climates, reducing winter heating costs as well as summer cooling costs.
"Some of our recent sales include Nansulate(R) Crystal for two church properties in the continental U.S. and Puerto Rico totaling 77,900 S.F. of roof surface, residential applications throughout the United States from California to Florida, industrial retail sales, and demand internationally from countries like the UK, Brunei, China, and Thailand. The robust increase in sales during the first half of this year reinforces our updated marketing strategy for Crystal, which included a new website and product branding, direct to consumer and business mail and media campaigns, as well as other initiatives for brand awareness," stated Francesca Crolley, VP of Business Development for Industrial Nanotech, Inc. "The combination of benefits that this roof coating provides are unique, and we are seeing it increasingly adopted in commercial, institutional, and residential settings. Our technology is clear, which is a tremendous benefit over the competition because it adds energy savings to a roof without changing the color and also offers the benefits of mold and fungi resistance, UV resistance, and moisture/weathering resistance. The coating is easily applied and is low VOC and eco-friendly. We expect this product to continue to gain marketshare in the popular ‘cool roof' arena which is touted for its energy savings by the U.S. Department of Energy, among others, while also expanding the market for insulating roof coatings by offering a technology that can save energy for those in northern/colder climates as well as southern."
In a recent release, "Coatings for Commercial and Residential Roofing: The North American Market (AVM076A)" from BCC Research, the North American market for roof coatings was worth $750 million in 2011 and is projected to be valued at $984 million in 2016, a five-year compound annual growth rate (CAGR) of 5.6%.
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.inanotk.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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