Industrial Nanotech, Inc. Announces First Major Order from China
December 08 2008 - 8:00AM
Business Wire
Industrial Nanotech, Inc. (PINK SHEETS: INTK), an emerging global
leader in nanotechnology, today announced that the Company has
received an order for 12,000 gallons of its patented Nansulate�
nanotechology-based coatings from Golden Horse Real Estate Co., Ltd
in China. The retail value of the order is $863,400 US. �This
represents a significant breakthrough in our persistent efforts to
penetrate this major world economy,� states Francesca Crolley, VP
of Operations and Marketing for Industrial Nanotech, Inc. �The
order for 12,000 gallons of our patented Nansulate energy saving
protective coatings includes 4000 gallons of Nansulate High Heat,
designed for high temperature industrial applications, 4000 gallons
of Nansulate PT, designed for industrial pipes and tanks, and 4000
gallons of Nansulate HomeProtect Clearcoat, designed for
residential applications. These represent our top selling products
in the building, manufacturing, and industrial markets. We
currently expect to ship this order in the 1st quarter of 2009.�
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, and lead encapsulation in an
environmentally safe, water-based, coating formulation. The
Nansulate(R) Product Line includes both industrial and residential
coatings. Additional information about the Company and its products
can be found at their websites, (www.industrial-nanotech.com) and
(www.nansulate.com). 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. 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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