Industrial Nanotech, Inc. Announces Commencement of Project at GASCO Gas Processing Plant in Abu Dhabi, UAE

  
    
  
  
    
      Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader 
      in nanotechnology, announced the commencement of an initial application 
      today of the company’s patented Nansulate® 
      coatings by Abu Dhabi Gas Industries Ltd. (GASCO), at their Ruwais 
      plant. The application is being overseen by the company’s 
      U.A.E. distributor, the Al Samah Company. The total size of this project 
      has not yet been determined and it will be ongoing.
    
    
      “This represents a significant milestone in 
      our efforts over the past several years to gain market share and 
      acceptance for our products and technologies in the Middle East energy 
      sector and is expected to generate additional business with GASCO and 
      many other oil and gas companies in the Middle East,” 
      stated Francesca Crolley, V.P. of Operations & Marketing. “The 
      Al Samah Company has worked diligently to introduce our Nansulate 
      product line, which combines energy saving technology with the ability 
      to protect critical plant infrastructure and equipment, to this 
      prosperous and important region and we anticipate that the United Arab 
      Emirates and other important countries in the Middle East will now 
      rapidly become a major growth area for Industrial Nanotech.”
    
    
      Incorporated in 1978 as a joint venture, GASCO is a part of the Abu 
      Dhabi National Oil Company (ADNOC). Its ownership is shared by ADNOC (68%), 
      Shell (15%), Total (15%), and Partex (2%). One of the largest gas 
      processing companies in the world, GASCO has four processing plants 
      including the main Ruwais Fractionation plant which can process 23,370 
      metric tons per day (7.8 million metric tons per year). GASCO is 
      currently going through a major expansion and modernization phase with 
      four mega-projects involving capital investment outlay of approximately 
      six billion dollars US. These projects, on being completed by early 
      2008, will make GASCO the largest gas processing plant in the world. 
      Further growth plans are already underway under the Gas Master Plan and 
      Integrated Gas Development Programme (GMP & IGD).
    
    
      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.