NAPLES, Fla. — (BUSINESS WIRE) — May 21, 2012 — Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanotechnology based energy saving and sustainable solutions announced today that they have recently completed initial installations of the Company’s Nansulate® thermal insulation and protective coatings with several major U.S. manufacturers in the paper and textile industries for insulation, surface protection and personnel protection.
“Saving energy is now becoming a more immediate priority for U.S. manufacturers,” stated Francesca Crolley, V.P. Business Development for Industrial Nanotech, Inc. “While many of our previous larger projects have been overseas due to the culture of sustainability and regulatory mandates for energy savings, we are now seeing a significant increase in the focus on sustainability by U.S. companies and these initial projects are expected to expand into company wide initiatives in the very near future. Companies we have been working with in the U.S., including the most recent installations in textile facilities and a paper mill are now at a point where these types of energy saving projects are moving forward.”
Crolley continues, “For over eight years, Nansulate® has provided significant energy savings and protective benefits for a number of industries, including global textile manufacturer Coats plc, who projected saving more than 10% in energy costs and 2% in carbon emissions throughout their plants in addition to lowering the dye house internal temperatures for improved worker safety. Henateks, a textile manufacturer for major sports apparel companies, charted an average of 20% reduction of energy consumption and reduced their liquid natural gas consumption in the first two years by over 1 million cubic meters per year. Nansulate® coatings have also provided solutions at paper mills in countries such as India, and were a topic of a presentation at last year’s PaperTech Expo. Our coatings for building insulation are also just as popular for energy savings, reducing the internal temperature of a critical data center for Mexico’s Social Security and Health Administration (IMSS) by 27% to reduce heat related server shut down, and being implemented as a sustainable building solution in the Suvarnabhumi International Airport in Bangkok, Thailand.”
“Our experience is that energy saving projects are now more important than ever for US companies,” concluded Ms. Crolley, “and our patented coatings offer them the ability to implement a project at an affordable cost with short payback period, typically 6-18 months. We expect to see many more projects in the future with U.S. based manufacturers, in addition to being busier than ever with overseas projects as the world continues to seek innovative paths to sustainability.”
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.
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.
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.
Industrial Nanotech, Inc.
Francesca Crolley, US & Canada: 800-767-3998
International: +1 239-254-0346
Email: Email Contact