Newest Greentech Product by Industrial Nanotech, Inc. Amazes Attendees at International Textile Show
May 19 2008 - 8:00AM
Business Wire
Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global
leader in nanotechnology, announced today that the Company's newest
patented energy efficient product, Nansulate EPX, was successfully
demonstrated by the Company's Turkish distributor, Kolorgen Ltd, at
Textile Machinery 2008 - the 25th International Textile Machines,
Side Industries, and Textile Chemicals Fair held in Istanbul May
14-18, 2008. �At the exhibition, people were amazed to see a 140 C
(252 F) temperature difference with just a 6 millimeter thickness
of EPX,� explained Dr. Vedat Bilgin of Kolorgen Ltd. �The hot plate
temperature was 200 C (392 F) and the surface temperature of the
thin metal panel coated with Nansulate EPX and placed on it was
less than 60 C (140 F). The performance of EPX is beyond belief!
The higher temperature stability of EPX opens up higher temperature
using markets such as glass, ceramic, cement, petrochemicals, etc.
I personally believe that we can decrease the world's energy demand
significantly, just by using Nansulate, wherever applicable. You
really have great minds over there." Kolorgen, Ltd. has increased
their initial order of Nansulate EPX from one shipping container of
1800 gallons to a total of 2100 gallons with a retail value before
distributor discount of $220,500.00 USD. This is in addition to the
recent order of over $1,000,000 USD placed by Kolorgen for
Nansulate High Heat and Nansulate PT which the Company began
shipping to them last month. Dr. Bilgin continued, �We met some of
the biggest textile and machinery producers and they were all
interested in the quick curing EPX for immediate energy savings.
The estimated potential in the textile market in Turkey alone is
worth more than 200 million USD and we expect to grab a minimum of
5% of this untapped market within the next 12 months.� Nansulate
EPX has an industry high thermal insulation capability combined
with exceptional fire resistance and excellent chemical resistance.
Nansulate EPX also provides protection against corrosion, the
ability to be applied from one eighth inch thick to several inches
thick, a rapid cure time, durability in severe service
environments, and is a strong, very light weight, easy-to-apply
material. �This was a very important first demonstration for our
patented Nansulate EPX system,� stated Francesca Crolley, V.P. of
Operations & Marketing for Industrial Nanotech, Inc. �Based on
the fact that we have orders for Nansulate EPX totaling nearly half
a million dollars before printing the first brochure, we believe
this could be a home run product. After almost three years of
development, we are pleased with the exceptional performance of
this extraordinary product and the enthusiastic reception it is
receiving in the marketplace.� Nansulate� EPX is the Company�s
newest addition to their patented line of greentech coatings which
have a four year track record of providing energy and cost saving
solutions for industry and homeowners worldwide. 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, lead encapsulation, chemical resistance, and fire
resistance 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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