Industrial Nanotech Announces Project with Major Automotive Manufacturer in Asia - Outlines Additional NanoBoost(TM) Initiatives

  
    
  
  
    
      Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader 
      in nanotechnology, announced today that its Chinese distributor, 
      NorthStar Power Engineering, has begun working with a major Asian 
      automotive manufacturer to trial the Company’s 
      patented NanoBoost™ automotive parts coating 
      for heat control and increased fuel efficiency.
    
    
      “We are excited about the recent events in 
      Asia between our Chinese distributor and this well-known auto maker. We 
      believe we can meet their requirements and satisfy their objectives in 
      fuel and energy savings with our technology,” 
      stated Francesca Crolley, V.P. Operations & Marketing for Industrial 
      Nanotech, Inc. “We have recently finalized a 
      new NanoBoost marketing campaign. The time is right for a wider 
      introduction of this revolutionary product to manufacturers, major 
      delivery and shipping companies, automotive after market suppliers, and 
      consumers.”
    
    
      Ms. Crolley continued, “Other target markets 
      for our fuel saving technology are freight shippers, including the U.S. 
      Postal service and UPS. A recent news article by NBC affiliate KSL 
      reported that each time the price of gas goes up one penny, it cost the 
      U.S. Postal Service an extra $8 million a year nationwide. We are 
      working to demonstrate our ability to offset the impact of their fuel 
      price increases by increasing their vehicles' fuel efficiency with use 
      of our NanoBoost coating on these vehicles as part of our continuing 
      mission to utilize leading edge nanotechnology to offer solutions to 
      every day issues that save money and reduce energy and fuel consumption 
      rates with safe and environmentally friendly products.”
    
    
      Gasoline prices averaged $4.082 June 16, up 35.7 percent from a year 
      ago, according to a report out Tuesday for week ending June 14 from the 
      International Council of Shopping Centers (ICSC). It was the 12th 
      consecutive week of record gasoline prices, the ICSC report said. The 
      retail group noted their monthly consumer gasoline-price impact survey 
      indicated discretionary spending on non-essential items had been reduced 
      by 69 percent of household, the highest percentage since they began 
      tracking the figure in 2004.
    
    
      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, resistance to mold growth, lead 
      encapsulation, chemical resistance, and fire resistance in an 
      environmentally safe, water-based, coating formulation. The Nansulate(R) 
      Product Line includes industrial, residential, and automotive parts 
      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.