Industrial Nanotech, Inc. Signs Deal to Manufacture In South Africa
December 18 2008 - 8:00AM
Business Wire
Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global
leader in nanotechnology, today announced that the Company has
signed a deal to manufacture its products in South Africa. "Our
representatives in this region have developed opportunities in the
oil and gas and building construction market sectors in South
Africa and surrounding African nations which present large enough
revenue streams to justify manufacturing the product there to lower
shipping costs and the burdens of import tariffs,� states Stuart
Burchill, CEO/CTO of Industrial Nanotech, Inc. �In order to fully
capitalize on these opportunities it was important that we take
this strategic initiative to lower the landed cost to the end user
of our products and therefore increase the overall revenue to
Industrial Nanotech. Production will begin in Q1 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, fire resistance, chemical resistance, 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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