Industrial Nanotech (PK) (USOTC:INTK)
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Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader
in nanotechnology, announced the expansion of the Company's textile
manufacturer customer base from Turkey to textile plants in the region
of southern Brazil and plans for an aggressive expansion in this
industry sector to China and India.
Dr. Carlos Peiter, the head of Industrial Nanotech's technical team in
Brazil, reports, "Last Monday I visited two textile manufacturers in the
city of Blumenau and both are very interested... the larger company
TEKA shows concrete interest on making a pilot experiment on dyeing
equipment."
Francesca Crolley, VP of Operations for Industrial Nanotech, continues: “Led
by our very capable representative, Dr. Vedat Bilgin, we have continued
to expand the market share for our patented Nansulate energy saving,
corrosion protection coatings in the textile market in Turkey over the
past two years, including the latest textile mill project with DEBA
requiring approximately 14,400 gallons, valued at over $1,000,000 US,
and for which we are currently preparing to ship the first of 10 monthly
shipments beginning in March. The credibility this has established for
our technology as an effective method to provide significant energy cost
savings and plant and equipment corrosion protection has expedited Dr.
Peiter's entry into the Brazilian market. Additionally, we are currently
preparing teams to begin an aggressive sales program within both China
and India, including producing sales and technical literature and
presentations translated into the languages of these regions rich in
opportunities for our Company and products."
The unique formulations of the Company’s
patented Nansulate® nanotechnology based
coatings have a well documented track record of energy cost savings and
production improvement for textile facilities including:
Erenko Textile used Nansulate High Heat throughout their textile dyeing
and finishing plant for thermal insulation and corrosion protection of
dyeing machines which operate at 130 degrees C. Documented results
include a decrease in energy costs of 20%, increased process and dye lot
color stability, increased product quality, decreased re-work, increased
process reproducibility, increased machine metal parts lifetime due to
increased protection against corrosion, increased usable lifetime of
cold water and steam valves, decreased dyeing lot process times.
Another large dyehouse, located in the Trakya region of Turkey, which
manufactures products for clientele including two of the largest sports
apparel manufacturers in the world, used Nansulate High Heat on all
dyeing machine heat exchangers. After monitoring closely their
consumption of LNG (liquified natural gas) for a period of 5 months,
they documented an energy savings of more than 20%. From this data, the
company calculates that their savings are approximately $40,000.00 USD
per month in energy costs and, based on this data, have contracted to
have other areas throughout the factory coated with Nansulate®
Henateks, a third textile plant in Turkey, applied Nansulate High Heat
to their dyeing machines and other heat related areas including furnace
openings, valves, dryers and other areas where conventional insulation
cannot be used. After the first four months into the project their
energy costs were decreased by 10% and after six months that decrease
was raised to 16%. After project completion the minimum annual energy
cost reduction was 20%, equal to approximately $580,000.00 US, and they
achieved a significant reduction in carbon emissions.
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, and lead
encapsulation 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.