Industrial Nanotech, Inc. Launches Manufacturing of Patented Nansulate Coatings in Germany
January 07 2009 - 8:00AM
Business Wire
Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global
leader in nanotechnology, today announced that the Company is
continuing its expansion of manufacturing locations for their
patented energy saving Nansulate(R) coatings and will begin
producing the products in Germany in the first quarter of 2009.
This brings the total number of manufacturing locations for their
nanotechnology-based products to five: two in New Jersey, USA, one
in Colorado, USA, one in South Africa, and the newest location in
Germany. �Our launch of manufacturing in Germany, a European Union
member, will allow us to expand our current capabilities and create
a structure to manufacture and provide our patented energy saving
products at a lower landed cost in regions where we are seeing the
highest growth rates and potential,� stated Stuart Burchill,
CEO/CTO of Industrial Nanotech, Inc. "We have seen a marked
increase in demand for energy saving products both in the US and in
Europe, and the growth that we�ve already experienced in this
region made this a logical decision. Our overall goal is to bring
affordable energy saving technology to as many markets as possible
and we anticipate that this move will significantly accelerate our
rate of growth in Europe and neighboring markets in 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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