Industrial Nanotech (PK) (USOTC:INTK)
Historical Stock Chart
From Jul 2019 to Jul 2024
![Click Here for more Industrial Nanotech (PK) Charts. Click Here for more Industrial Nanotech (PK) Charts.](/p.php?pid=staticchart&s=NO%5EINTK&p=8&t=15)
Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader
in nanotechnology, announced today that it has developed a thermally
insulating, corrosion resistant coating for use on underwater oil and
gas pipelines.
“The newest addition to our patented line of
nanotechnology based coatings, ‘Nansulate Aqua’,
fills a critical need in the oil and gas industry,”
states Francesca Crolley, VP of Operations and Marketing for Industrial
Nanotech. “The world’s
demand for energy is increasing rapidly, forcing new methods of
accessing fuel sources. In the North Sea, natural gas emerges from the
ocean floor at depth of over 2 miles at a temperature of 203 degrees
Fahrenheit and must be kept as warm as possible as it is transported
through the freezing North Sea to avoid a buildup of hydrates and the
resulting potential blockage of the pipeline. Off the coast of
California, oil from tankers is offloaded at pumping stations and
transported through underwater pipes to holding tanks onshore.
Maintaining an adequately high temperature during transport under the
Pacific is critical to maintaining sufficient volume flow. This type of
problem faces the oil natural gas industry worldwide and we provide an
innovative, easy-to-use, cost efficient solution.”
Nansulate Aqua is available immediately to commercial customers and the
formulations can be customized to suit the specific needs, application
parameters, and environmental conditions of a specific project.
About Nansulate(R)
Nansulate(R) is the Company's patented product line of specialty
coatings containing a nanotechnology based material and which are
well-documented to provide the combined performance qualities of thermal
insulation, corrosion prevention, and resistance to mold growth in an
environmentally safe, water-based, coating formulation. The Nansulate(R)
Product Line includes both industrial and residential coatings.
About Industrial Nanotech Inc.
Industrial Nanotech Inc. is quickly emerging as a global nanoscience
solutions and research leader. The Company develops and commercializes
new and innovative applications for nanotechnology. Additional
information about the Company and its products can be found at their
websites, http://www.industrial-nanotech.com
and http://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.