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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 has planned a trade visit to India in late October as the next step in their plan to significantly increase sales and availability of their energy saving and protective Nansulate(R) coating line. The visit will coincide with the International conference on Nanotechnology, Nanocon012, at which their coatings will be presented.
"The efforts we have made to expand into India have laid the groundwork for this trade visit," stated Francesca Crolley, VP of Business Development for Industrial Nanotech, Inc. "We have secured support in the region for application and local availability of our insulation and protective coating line, and have seen an increasing number of requests for factory visits coming in. As manufacturers and other energy users learn of our innovative and affordable technology for insulating and protecting from corrosion equipment and buildings, they are eager to learn how they can implement our solutions in their facilities. We have received visit invitations from several manufacturers, which range from the textile, pulp and paper, plastics, chemical, and electronics industries as well as clients for real estate construction and institutional related building applications. The response to our marketing plan in India has been remarkable in terms of sales inquiries and additionally the invitation to submit product information and a full length article to leading chemical industry publications in that country, which we expect to see in the upcoming September and October issues. We have additionally built strong relationships there with local companies to increase "on the ground" support, and look forward to cementing those relationships and bringing further new business for increased market share in India during our visit next month."
India's energy demand continues to grow significantly and at a faster pace than countries such as the United States. According to the Organization of Petroleum Exporting Countries (Opec), Indian diesel demand "soared" to "massive" levels in late July after flooding and the collapse of three national grids blacked out more than half the country. Opec increased their 2012 oil demand forecast following a small increase in US consumption and a drastic rise in Indian demand.
About Industrial Nanotech, Inc.
Industrial Nanotech Inc. is a global nanoscience solutions and research leader and member of the U.S. Green Building Council. The Company develops and commercializes new and innovative applications for sustainable nanotechnology which are sold worldwide. www.inanotk.com
Nansulate(R) 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(R) 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
Industrial Nanotech, Inc.
US & Canada: 800-767-3998
International: +1 239-254-0346
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