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Industrial Nanotech, Inc. (OTC-PINK:INTK), an emerging global leader in nanotechnology based energy saving solutions, today announced that the Company's Nansulate(R) clear thermal insulation and corrosion protection coatings have passed the testing phase by one of Asia's largest oil and gas companies. Nansulate(R) was applied to a fuel oil storage tank on an offshore oil platform and the performance observed over an extended period of time. Nansulate(R) achieved excellent results for both thermal insulation and corrosion resistance. It also provided better resistance to the offshore environment than traditional forms of insulation. Subsequently, Nansulate(R) has been chosen for initial trials on several more projects in the oil and gas and chemical manufacturing markets in Asia. The projects consist of applications over pipes, tanks, valves, pumps, and other chemical and refinery equipment, and encompass six major Asian companies and their subsidiaries.
"Our patented technology is unmatched for providing durable insulation and corrosion prevention that will not degrade in harsh environments, such as marine, offshore, or manufacturing facilities," stated Francesca Crolley, V.P. Business Development, Industrial Nanotech, Inc. "When calculating insulation performance, the longevity and consistency of insulation performance in harsh environments is often a value left unstated by traditional forms of insulation. This is because fibrous insulations degrade rather quickly in environments where they are subject to moisture, salt spray, and humidity, and have to be replaced often, in addition to causing corrosion issues. Our next generation technology, which has been saving energy around the world since 2004, combines the performance and adhesion strength of a marine quality coating with powerful thermal performance and corrosion resistance, and maintains its performance level over its lifespan of a decade or more, which is a key reason that several oil and gas and petrochemical companies are seeking our technology to provide better solutions for insulation of pipelines, tanks, and other equipment, not only in Asia, but also in other regions of the world."
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 have been sold worldwide since 2004.
Nansulate(R) thermal insulation and asset protection coatings provide energy savings, thermal insulation, corrosion resistance, moisture resistance, chemical resistance, and other protective benefits. The coatings are low VOC, water-based, and sustainable. You can learn more about Nansulate coatings for industry at www.nansulate.com/industry. Additional information about the company and its products can be found at www.inanotk.com and www.nansulate.com.
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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