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INTK Industrial Nanotech Inc (PK)

0.000001
0.00 (0.00%)
30 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Industrial Nanotech Inc (PK) USOTC:INTK OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.000001 0.0001 0.0002 0.0001 0.000001 0.000001 2,535,000 18:53:50

Industrial Nanotech, Inc. Receives Repeat Order of Nansulate® Translucent GP Insulation Coating from PT. Kraft Indonesia

12/07/2011 1:00pm

Business Wire


Industrial Nanotech (PK) (USOTC:INTK)
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Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanoscience energy saving solutions, announced today that they have received a second order from PT. Kraft Indonesia for their patented energy saving and insulation coating, Nansulate® Translucent GP. They had previously used the coating for baking oven insulation to lower energy consumption, reduce surface temperature and improve the temperature in the working environment. Nansulate® Translucent GP is NSF Registered (#138638) as acceptable for use on surfaces with the possibility of incidental food contact.

“Nansulate® coating technology offers unique solutions to the food manufacturing industry,” stated Francesca Crolley, V.P. of Business Development for Industrial Nanotech, Inc. “The application with Kraft Indonesia’s Cikarang Plant is a perfect example of solutions the coatings offer for energy savings and personnel protection that haven’t been available before. Our NSF Registered GP coating is safe for incidental food contact surfaces and, unlike traditional insulations, it is not subject to infiltration by moisture, mold or dust, making it a perfect insulation for the food and beverage industry. The application in Indonesia was typical of those we see with large ovens which can’t be insulated with traditional materials. Not only are they high energy users, the large surface area expels heat into the environment which affects worker health and safety. Nansulate® solves these issues by reducing the heat transfer, lowering surface temperature and reducing the heat emitted into the environment. It offers a smart sustainable solution not only for energy savings, but also workplace safety. This is our second order from Kraft Foods in Indonesia and we look forward to assisting them with more projects in the future.”

NSF International launched its voluntary Nonfood Compounds Registration Program in 1999 to re-introduce the previous authorization program administered by the U.S. Department of Agriculture (USDA). Products eligible for NSF Registration include all compounds used in and around food establishments (nonfood compounds). NSF Registration assures inspection officials and end users that formulation and labels meet appropriate food safety regulations.

About Nansulate®

Nansulate® is the Company's patented product line of award winning, 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® Product Line includes industrial, residential, agricultural and solar thermal insulation coatings. Additional information about the Company and its products can be found at their websites, (www.industrial-nanotech.com) and (www.nansulate.com). Blog: www.nansulate.com/nanoblog, Twitter: www.twitter.com/NanoPioneer, Facebook: www.facebook.com/Nansulate.

About Industrial Nanotech Inc.

Industrial Nanotech Inc. is a global nanoscience solutions and research leader and member of the U.S. Greenbuilding Council and an official ALLY organization with the U.S. Dept. of Energy "Save Energy Now" program. The Company develops and commercializes new and innovative applications for sustainable nanotechnology which are sold worldwide.

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.

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