Industrial Nanotech's Greentech Automotive Coating Continues to Improve Auto Performance for NASCAR Race Teams and Consumers
June 16 2008 - 8:00AM
Business Wire
Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global
leader in nanotechnology, announced today that a fourth NASCAR race
team has purchased the Company's patented nanotechnology based
coating, NanoBoost�, for use on race cars to control heat transfer
and improve performance. �NanoBoost� is fast becoming a NASCAR
standard,� states Francesca Crolley, VP of Operations and Marketing
for Industrial Nanotech, Inc. �We recently shipped product to our
fourth NASCAR team customer and are pleased to see the product
continuing to help performance through control of heat transfer for
these teams.� NanoBoost is one of the products in the Company�s
nanotechnology-based Nansulate product line. It has been
successfully used by NASCAR races teams and the Ford V8 Supercar
team, Betta Electrical, since 2005. Ms. Crolley continues, �As gas
prices continue to climb, we have also seen an increase in consumer
sales of NanoBoost as people look for ways to improve the gas
mileage of their vehicles. Our coating provides them a very
affordable way to control heat transfer, thus increasing auto
performance and reducing fuel consumption. Industrial Nanotech
offers a complete line of unique and innovative energy saving
products, including Nansulate and NanoBoost, for industry and
consumers at a time when energy and oil prices are a critical issue
in the world and the Company is well positioned to continue the
exponential revenue growth rate we have experienced over the last
four years.� 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 industrial, residential, and
automotive parts 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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