Industrial Nanotech (PK) (USOTC:INTK)
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Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader
in nanotechnology, announced today that its patented thermal insulation
coating, Nansulate®, has qualified for use in
new construction in the United Arab Emirates (UAE).
“It is estimated that there is approximately
100 billion dollars of construction either under way or planned in
Dubai, UAE,” states Francesca Crolley, VP of
Operations and Marketing for Industrial Nanotech, Inc. “There
is now also great incentive for real estate developers to invest in
energy efficient technologies for their projects, and Nansulate is a
perfect solution for them. Our distributor in the UAE recently confirmed
that our Nansulate product line has the necessary performance data to
satisfy local building codes and qualify for use in new building
construction, including commercial and residential buildings, roads,
airport infrastructure, industrial parks and governmental institutions.
They are now actively working with architects and engineers regarding
specific projects. In one particular project, which would require
200,000 gallons of Nansulate, the developer needs a minimum 10% energy
savings. Based upon the fact that our residential customers in the US
consistently report a minimum of 20% - 40% energy savings after applying
Nansulate, we are confident that we can meet the requirements of this
project and others. They are currently preparing for field trials and we
expect to have an answer on this project within the coming months.”
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.