Industrial Nanotech, Inc. Reports Record High Revenues in Q3 2010 Due to Substantially Increased Sales to Manufacturing Custo...
August 16 2010 - 8:00AM
Business Wire
Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global
leader in nanotechnology based energy saving solutions, reported
today that halfway through the current fiscal quarter, 3rd Quarter
2010, revenue from sales to manufacturing customers to date has
exceeded the best quarterly revenue numbers of any fiscal quarter
since the Company’s inception in 2004.
“In early 2010, we decided to increase our marketing to the
manufacturing sector and it is now beginning to pay off in the form
of record sales," states Stuart Burchill, CEO/CTO of
Industrial Nanotech, Inc. "We assembled a catalog compiled of
photographs and data that demonstrates the many
successful applications of our Nansulate® energy saving technology
at work in a broad range of industrial sectors. This compilation
presented an overwhelming preponderance of evidence that our
product line did exactly what we said it would do... pay for itself
in as little as 7 - 12 months and provide an annuity-like return
for the customers of real dollar energy savings year after year...
plus protect equipment from corrosion, prevent damage from
chemicals, and provide fire resistance. We began distributing this
literature to large manufacturing companies throughout the US
and abroad, including many of those on the Dow Jones
Sustainability Indexes.”
Mr. Burchill continues, "Our timing was fortunate. Corporations
have started taking the task of reducing energy consumption and
costs very seriously for both economic efficiencies and their
increased sense of environmental responsibility. They are
enthusiastic about the easy-to-use and very effective solutions we
offer. The response has been tremendous, with an accelerated level
of interest in, and a rapid adoption rate of, our technologies into
their energy saving and sustainability programs.”
Mr. Burchill concludes, “We believe Q3 2010 to date is a good
indicator of the direction our revenues are headed."
The previous highest revenue per quarter was 1st Quarter 2008
with sales of $389,848.
See full catalogue with photographs and case studies at:
www.nansulate.com/industrial/photos-data.pdf
About Nansulate®
Nansulate® is the Company's patented product line of award
winning, 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® 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, Search ‘Nansulate’ on Facebook.
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.
Industrial Nanotech (PK) (USOTC:INTK)
Historical Stock Chart
From Jun 2024 to Jul 2024
Industrial Nanotech (PK) (USOTC:INTK)
Historical Stock Chart
From Jul 2023 to Jul 2024
