Industrial Nanotech Energy Saving Coating Featured in Textile Industry Magazine
July 26 2007 - 8:50AM
Business Wire
Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global
leader in nanotechnology, is featured in the July 2007 issue of
Tekstil & Teknik, which covers the Turkish textile industry.
The feature story spotlights Turkish textile manufacturer,
Henateks, and how it has dealt with the rising energy costs and
lower profit margins facing the textile industry worldwide. After
looking at a range of possible solutions, Henateks chose Nansulate
Translucent as a heat insulation and corrosion solution for their
large facility. �As known, profit margins in textiles have
decreased significantly in recent years and export companies had to
press on tailor-cut companies to reduce their rates due to the
instability in the exchange rate and the high value of the Turkish
lira (the Turkish currency). We started to seek solutions to pull
the energy costs (electricity 7%, natural gas 17%) down,� says Eyop
Sozdinler of Henateks A.S. The solution Henateks chose was
Industrial Nanotech�s Nansulate Translucent. �We have just
completed six months and saved natural gas by 16%. At the end, the
rate is likely to reach 20%, which means an annual saving of
800,000 Turkish lira ($625,171.25 US),� continues Sozdinler. �We
are delighted to reduce our natural gas consumption and continue
our responsibility to the environment.� �Both dyeing and finishing
processes in the textile industry require an extraordinary amount
of heat energy. The costs are rising worldwide with few good
solutions to capping costs and maintaining a profit margin,� said
Francesca Crolley, VP of Operations for Industrial Nanotech.
�Industrial Nanotech is proud to provide worldwide textile
manufacturers like Henateks a cost and energy efficient solution
which not only impacts their bottom line but also addresses global
concerns regarding reducing energy use and carbon emissions, while
giving them the critical added value of protection against
corrosion.� 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.
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