Industrial Nanotech Enters Greenhouse Industry with Product that Makes Greenhouses “Greener” and More Profitable
February 17 2009 - 8:00AM
Business Wire
Industrial Nanotech, Inc. (Pink Sheets: INTK), an emerging
global leader in nanotechnology, announced today that the Company
has launched �Nansulate Greenhouse�, a thin film, easy to apply,
thermal insulation coating designed to be applied to the clear
panels of greenhouses to reduce energy consumption and costs
without reducing the passage of light critical to healthy plant
growth.
The Company recently completed spectrophotometer testing on its
patented translucent Nansulate� Greenhouse product to measure light
transmission and absorbance through the thermally insulating and
mold resistant coating. The data demonstrates that Nansulate does
not interfere with the important visible light needed for healthy
plant growth, while offering effective thermal insulation benefits
to reduce the energy needed to maintain optimal temperatures in
greenhouses, therefore significantly reducing operating
expenses.
The testing was completed by Princeton Polymer Laboratories on a
Beckman DU 600 full scanning UV spectrophotometer. Results showed
that in the 400-700 nanometer wavelength range, which is critical
to plant growth, it allowed 92% of visible light to pass through.
In comparison, normal paned glass allows 90%-94% of visible light
to pass through. A copy of the data can downloaded at
www.nansulategreenhouse.com.
�Nansulate has unique benefits to offer the greenhouse
agricultural industry,� stated Francesca Crolley, V.P. Operations
& Marketing for Industrial Nanotech, Inc. �Our coatings provide
excellent thermal insulation, as well as resistance to mold and
fungus growth. Verification of the light transmission was the last
piece of data we needed before offering this important solution to
this essential industry. Our cost comparison analysis with
insulation products that are currently being used in this industry
show that not only can we offer a superior product for light
transmission and thermal insulation, but at a very competitive
cost. Our new greenhouse coating, NANSULATE GREENHOUSE, can be
easily and quickly applied with a conventional paint sprayer or
brush, costs about 37 cents per square foot for the recommended
3-coat application, and will last for a decade. In comparison,
bubble insulation commonly used for greenhouses costs about 50
cents per square foot when you include the hardware needed to mount
it (clips, Tek screws, adhesive spray) and is reported to last from
three to four years. Nansulate offers an effective way for growers
to use less energy heating their greenhouses, while allowing the
necessary visible light for plant growth to pass through. It is an
excellent and cost effective solution for this industry.�
Estimates show that more than 80 percent of energy used for
greenhouses goes toward heating. In northern climates, energy for
heating greenhouses is a major expense. For commercial growers,
energy costs represent the third-largest expense after labor and
stock.
The commercial greenhouse growers market is divided between
food/vegetable growers and flower growers, or floriculture.
Floriculture is a $10 billion component of the U.S. economy.
Worldwide, 145 countries are involved in greenhouse flower
production. Wholesale value of world floriculture industry was
$101.84 billion in 2003 and is increasing at approximately 11% to
15% per year. Greenhouse food crops grown commercially include
tomatoes, peppers, lettuce, cucumbers, eggplant, and a variety of
others.
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 industrial,
residential, agricultural and solar thermal insulation 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 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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