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 has signed a deal to
manufacture its products in South Africa.
"Our representatives in this region have developed opportunities in the
oil and gas and building construction market sectors in South Africa and
surrounding African nations which present large enough revenue streams
to justify manufacturing the product there to lower shipping costs and
the burdens of import tariffs, states Stuart Burchill, CEO/CTO of
Industrial Nanotech, Inc. In order to fully capitalize on these
opportunities it was important that we take this strategic initiative to
lower the landed cost to the end user of our products and therefore
increase the overall revenue to Industrial Nanotech. Production will
begin in Q1 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.