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Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanotechnology based energy saving and sustainable solutions announced today that the Company achieved a strong increase in sales in the second quarter of 2012 with sales of $402,107.47. The increased revenues were lead by international sales of their Nansulate(R) industrial line of patented and award winning coatings, which provide the combined benefits of energy saving thermal insulation and protection of plant and equipment against corrosion and severe service environments. Sales to oil & gas industry and government building projects contributed to the increase, as well as manufacturing facility orders both internationally and in the United States. Consumer and commercial orders for their Nansulate(R) EnergyProtect building insulation and Nansulate(R) Crystal roof insulation coatings also contributed. Second quarter 2012 sales represent an increase of 195% over second quarter 2011 sales.
"We're encouraged by our second quarter 2012 results, which we believe continue to validate the strength of the Nansulate(R) product line and its position as a leading versatile energy saving technology, with unmatched characteristics of thermal insulation and surface protection," said Francesca Crolley, V.P. Business Development Industrial Nanotech, Inc. "We've seen increased demand in industry, particularly oil & gas, textile, and paper manufacturing, as well as government projects for mold resistance and lead encapsulation, and for our clear ‘cool roof' coating in both consumer and commercial markets. The U.S. market is also beginning to show stronger resolve for energy savings in buildings and factories and our domestic sales are also increasing as a result. Our second quarter results and our favorable industry trends are also due to the dedication and efforts of our distributors and independent representatives worldwide who promote Nansulate(R) energy saving and protective solutions in over 31 countries. We have a number of ongoing activities from which we anticipate this strong growth to continue, including opening new OEM markets, the launch of our new fast-cure Nansulate(R) Diamond industrial insulation coating, and the addition of a number of international distributors over the next few months. We anticipate a continued strong increase in sales revenues as corporate strategies initiated in 2010 and executed diligently over the past two years begin to produce the intended results."
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.
Toll Free: 800-767-3998
Tel: +1 239-254-0346
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