Industrial Nanotech, Inc.’s Patented Nansulate® Now Part of Mexican Governments Mandatory Energy Saving Program - Company
June 15 2010 - 8:00AM
Business Wire
Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global
leader in nanoscience energy saving solutions, announced today that
the Company’s patented Nansulate® thermal insulation and mold
prevention coating has been awarded the NOM certification and is
now part of the Green Mortgage program by INFONAVIT, Mexico's state
owned and largest mortgage provider.
The NOM 018 ENER 1997, for which Nansulate® is now certified, is
the Mexico Thermal Insulation Standard and is mandatory for all new
construction.
INFONAVIT has included Nansulate® into the specification for
worker’s homes under this program to increase energy efficiency.
They have projected that Nansulate® will initially be used for
approximately 15% of the market for this year (Total Market more
than 400,000 units) which is at least 60,000 homes. Industrial
Nanotech, Inc. has been informed that the first orders for
Nansulate® are expected to begin in July of 2010 and, based on
these numbers, Industrial Nanotech, Inc.’s gross revenue in the
first year will be $15,588,000 US.
Nansulate® was tested by ONNCCE, the nationally recognized
Mexican Standards Organization, and successfully passed the testing
for thermal insulation products and was awarded NOM certification.
The certification process was undertaken by Industrial Nanotech
distributor, Distribuidora Nano de America S.A. de C.V.
“With the successful testing and certification process now
completed, we expect the market in Mexico to expand rapidly,”
explained Carlos Medina Erhard, President, Distribuidora Nano de
America “We expect initial orders for that program to begin next
month, July 2010. Additionally, with the official NOM 018 ENER 1997
government certification of the excellent performance of Nansulate®
coatings to reduce energy costs and provide thermal insulation for
homes and buildings, we expect the technology to be adopted by many
other customers, including corporations and manufacturers looking
for a cost effective product to reduce building heating and cooling
costs and manufacturing process costs. Nansulate has also been
designated as Energy Saver by C.F.E.´s (Federal Electricity
Commission) Program for Energy Saving (P.A.E.S.E ). This allows
commercial, industrial or residential building owners to receive
financing for Nansulate® through the F.I.D.E Trust.”
Francesca Crolley, V.P. of Business Development for Industrial
Nanotech, Inc., stated, “We are looking forward to expanded market
share in Mexico as a result of the product certification and
further recognition worldwide of the performance of our technology.
The insulation and energy saving benefits of our patented products
have been verified and documented over the past 6 years in both
laboratory testing and field studies in a variety of climates and
countries and industries and market sectors. The product’s adoption
will continue to grow exponentially as countries like Mexico and
others move to certify and promote the technology and its ability
to reduce energy costs on a national scale.”
As the largest originator of residential mortgages in Mexico,
INFONAVIT authorized a credit system called Green Mortgage in
response to the recommendations of the General Assembly in Mexico.
The Green Mortgage program is designed to promote the incorporation
of energy sustainability criteria in the homes that INFONAVIT
finances, supporting the National Strategy for Climate Change,
ensuring energy and water savings that will make homes more
affordable and improve the environment. In a recent press release,
Infonavit stated that Green Mortgages represented 33% of all the
loans made by the fund during the first four months of the
year.
Since the Green Mortgage program was launched in 2009, Infonavit
has originated a total of 150,668 green mortgages for MXN 28.9
billion (USD 2.2 billion) and is financed by its lending
operations, by mandatory employer contributions on behalf of the
country's 14.4 million salaried workers, and by mortgage bonds.
Infonavit plans to make between 475,000 and 525,000 mortgages this
year.
The National Agency for Standardization and Certification of
Building and Construction is known by its acronym ONNCCE. ONNCCE is
a nationally recognized developer of standardizations and
certifications in Mexico. The organization is currently accredited
as a National Standards Body by the Directorate General of
Standards of the Ministry of Economy, as a Certification Body by
the Mexican Accreditation and is approved by the Ministry of
Economy, Social Development Secretariat, the National Commission on
Energy Saving and the National Water Commission as a Certification
Body for quality Systems by the Mexican Accreditation.
About Nansulate®
Nansulate® is the Company's patented product line of award
winning, specialty coatings containing a nanotechnology based
material and which 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® 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). Blog: www.nansulate.com/nanoblog, Twitter:
www.twitter.com/NanoPioneer.
About Distribuidora Nano de America S.A. de C.V.
Distribuidora Nano de America is a manufacturer and distributor
of coatings developed with nanotechnology. They represent important
research companies from Europe and the United States. All their
products are related to energy saving, water saving and
anti-bacterial coatings. Nansulate® is their main product line and
has proved to be an excellent energy saving and anticorrosion
material. Additional information about the company can found at
www.de-nano.com.mx.
About Industrial Nanotech Inc.
Industrial Nanotech Inc. is a global nanoscience solutions and
research leader and member of the U.S. Greenbuilding Council, the
American Solar Energy Society, and an official ALLY organization
with the U.S. Dept. of Energy “Save Energy Now” program. The
Company develops and commercializes new and innovative applications
for sustainable nanotechnology which are sold worldwide.
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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