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 is continuing its
expansion of manufacturing locations for their patented energy saving
Nansulate(R) coatings and will begin producing the products in Germany
in the first quarter of 2009. This brings the total number of
manufacturing locations for their nanotechnology-based products to five:
two in New Jersey, USA, one in Colorado, USA, one in South Africa, and
the newest location in Germany.
“Our launch of manufacturing in Germany, a European Union member, will
allow us to expand our current capabilities and create a structure to
manufacture and provide our patented energy saving products at a lower
landed cost in regions where we are seeing the highest growth rates and
potential,” stated Stuart Burchill, CEO/CTO of Industrial Nanotech, Inc.
"We have seen a marked increase in demand for energy saving products
both in the US and in Europe, and the growth that we’ve already
experienced in this region made this a logical decision. Our overall
goal is to bring affordable energy saving technology to as many markets
as possible and we anticipate that this move will significantly
accelerate our rate of growth in Europe and neighboring markets in 2009.”
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, fire
resistance, chemical resistance, and lead encapsulation in an
environmentally safe, water-based, coating formulation. The Nansulate(R)
Product Line includes both industrial and residential coatings.
Additional information about the Company and its products can be found
at their websites, (www.industrial-nanotech.com)
and (www.nansulate.com).
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.
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.