|By Business Wire||
|April 1, 2014 08:09 AM EDT||
Industrial Nanotech, Inc. (OTC-PINK:INTK), an emerging global leader in nanotechnology based energy saving solutions, today announced that the Company’s patented Nansulate(R) coatings formulated for use on building envelopes for energy efficiency, including on roofs, walls, ceilings and windows, have been officially certified for use on buildings by a major energy company in the Middle East. The products underwent a year-long application and approval process by the energy company for use on buildings to certify that the Company’s products provide energy efficiency and increase sustainability effectively in the unique climate of the Middle East.
Industrial Nanotech’s industrial coating line is now undergoing a similar process with the same company, which buys in excess of two billion USD worth of goods and services a year from suppliers.
“This approval announcement will open the door to multiple applications in the region,” stated Francesca Crolley, V.P. Business Development for Industrial Nanotech, Inc. “Industrial Nanotech currently has distributors established throughout the Middle East in Saudi Arabia, United Arab Emirates, Qatar, and Oman, and the acceptance of our products by a major energy company in the region will be a huge benefit for sales there. Our objective is to provide our customers one multi-benefit solution for energy savings and surface protection that can be implemented throughout their organization in multiple areas. The dual benefit of our Nansulate technology gives us the advantage of offering both industrial coatings for insulation and corrosion control of pipes, tanks, and equipment, as well as building coatings for roofs, walls, and ceilings to reduce company costs for heating and cooling. We look forward to future growth in this important region and to helping companies there save money and become more sustainable.”
Nansulate(R) is the Company's patented product line of award winning, specialty coatings containing a nanotechnology based material and which provide the combined performance qualities of energy savings, thermal insulation, corrosion resistance, prevention of CUI, moisture resistance, chemical resistance, and other protective benefits. The coatings are low VOC, water-based, and sustainable.
About Industrial Nanotech Inc.
Industrial Nanotech Inc. is a global nanoscience solutions and research leader. The Company develops and commercializes new and innovative applications for sustainable nanotechnology which are sold worldwide, including Nansulate(R) thermal insulation and asset protection coatings.
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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