Industrial Nanotech (PK) (USOTC:INTK)
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Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader
in nanotechnology, is featured in the July 2007 issue of Tekstil &
Teknik, which covers the Turkish textile industry.
The feature story spotlights Turkish textile manufacturer, Henateks, and
how it has dealt with the rising energy costs and lower profit margins
facing the textile industry worldwide. After looking at a range of
possible solutions, Henateks chose Nansulate Translucent as a heat
insulation and corrosion solution for their large facility.
“As known, profit margins in textiles have
decreased significantly in recent years and export companies had to
press on tailor-cut companies to reduce their rates due to the
instability in the exchange rate and the high value of the Turkish lira
(the Turkish currency). We started to seek solutions to pull the energy
costs (electricity 7%, natural gas 17%) down,”
says Eyop Sozdinler of Henateks A.S. The solution Henateks chose was
Industrial Nanotech’s Nansulate Translucent.
”We have just completed six months and saved
natural gas by 16%. At the end, the rate is likely to reach 20%, which
means an annual saving of 800,000 Turkish lira ($625,171.25 US),”
continues Sozdinler. “We are delighted to
reduce our natural gas consumption and continue our responsibility to
the environment.”
“Both dyeing and finishing processes in the
textile industry require an extraordinary amount of heat energy. The
costs are rising worldwide with few good solutions to capping costs and
maintaining a profit margin,” said Francesca
Crolley, VP of Operations for Industrial Nanotech. “Industrial
Nanotech is proud to provide worldwide textile manufacturers like
Henateks a cost and energy efficient solution which not only impacts
their bottom line but also addresses global concerns regarding reducing
energy use and carbon emissions, while giving them the critical added
value of protection against corrosion.”
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.