Industrial Nanotech, Inc. Receives $1,183,427.18 US Purchase Order From Saudi Arabia
October 11 2010 - 8:30AM
Business Wire
Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global
leader in nanotechnology based energy saving solutions, today
announced that the Company has received a purchase order from their
exclusive distributor in Saudi Arabia for the Company’s patented
Nansulate® energy saving protective coatings in the amount of
$1,183,427.18 US.
“As indicated by the Q3 2010 revenue numbers we announced on
October 6th and this purchase order from Saudi Arabia, we continue
to experience exponential increases in revenue growth in a wide
variety of market sectors and geographical regions,” stated
Francesca Crolley, VP of Business Development for Industrial
Nanotech, Inc. “After six years of proven performance in almost
every application imaginable worldwide, our Nansulate product line
is experiencing much faster acceptance by larger companies who
previously had been hesitant to be early adopters. With the
overwhelming preponderance of evidence which we are now able to
present for this revolutionary technology, proving that Nansulate
pays for itself in real dollar energy savings in a short period of
time and protects factories and equipment from corrosion and
chemical damage at the same time, it has become a much easier
decision for companies with serious sustainability initiates to
implement the use of our award winning products into their standard
energy saving protocols.”
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.
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