Industrial Nanotech (PK) (USOTC:INTK)
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Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader
in nanotechnology, today announced that the Company’s
Turkish Distributor, Kolorgen, Ltd., intends to replace the balance of
the order for the Denizli Basma ve Boya Sanayii a.s. (DEBA) textile
plant with the Company’s revolutionary new
patented product, EPX-4. The Company had previously announced the order
as ten sea containers of Nansulate High Heat, which equated to
$1,071,000.00 US in revenue to the Company. The change would increase
the value of the order to Industrial Nanotech by approximately 35% due
to the higher price of EPX-4.
“The application of Nansulate High Heat at
DEBA had started when the technical data for EPX-4 was released several
months ago. Dr. Vedat, President of Kolorgen, Ltd. requested that we
postpone shipment of the balance of the 10 containers of Nansulate High
Heat he had ordered for the DEBA textile plant project while he
discussed the performance qualities of the new EPX-4 product with his
customer, in particular the faster cure time,”
stated Francesca Crolley, VP of Operations and Marketing for Industrial
Nanotech, Inc. “Subsequently, Dr. Vedat
requested that we send him 300 gallons of EPX-4 by expedited air freight
and indicated that he will be providing a new delivery schedule for the
sea containers of the EPX-4 product. The faster cure time of the EPX-4
product will allow them to complete the application ahead of schedule
for this major project and the chemical and fire resistant qualities are
an added valuable benefit to DEBA.”
Nansulate(R) EPX is the Company's newest addition to their patented line
of nanotechnology-based coatings which has a four year track record of
providing energy and cost saving solutions for industry and homeowners
worldwide. Nansulate(R) EPX-4 is a water-based epoxy system that
combines superior thermal insulation with excellent corrosion
protection, chemical resistance, and flame resistance, making it a
unique and powerful protective coating for a wide variety of industrial
and commercial plant, equipment, and building applications. The coating
can be applied from 1/8" thick to several inches thick. Additional
information is available at www.EPX4.com.
This is an update to the previously announced shipment schedule of the
Company’s patented Nansulate energy saving
protective coatings to Kolorgen, Ltd., the Company’s
distributor in Turkey. The product is being applied at the Denizli Basma
ve Boya Sanayii a.s. (DEBA) textile plant to reduce energy consumption
and protect against corrosion of equipment in their textile facility,
one of the region's largest.
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.