Industrial Nanotech, Inc. Enters Utilities Market - Expands Use of Nanotechnology to Increase Energy Efficiency for Power Com...
November 18 2010 - 9:49AM
Business Wire
Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global
leader in nanotechnology based energy saving solutions, today
announced that they are working with a major California power
company to use the Company’s patented Nansulate® insulation and
corrosion control coatings to increase energy generation efficiency
and reduce costs. Previously, Nansulate® was used on an oil
pipeline project by international power company, Galp Energia, for
insulation and corrosion control. The coatings are used worldwide
to insulate equipment and facilities, to protect equipment, reduce
energy consumption, and improve worker safety.
“Nansulate® coating technology is an innovation in insulation
technology. End users of power have been reducing their energy
consumption with our coatings for years. It is logical that the
power companies would also be interested in increasing the
efficiency of power generation with this technology,” stated
Francesca Crolley, VP of Business Development for Industrial
Nanotech, Inc. “We have been working with a large power company on
the west coast to identify areas where Nansulate coatings can
increase their efficiency, including pipelines, boilers, gas
meters, and similar equipment.”
Ms. Crolley continues, “We have seen a marked increase in demand
for our products after announcing our global sustainability project
with international textile manufacturer Coats plc., who was quoted
as having determined the benefits of using Nansulate to include
reducing steam consumption by over 10 percent, reducing related
carbon emissions by 2 percent, and significantly improving working
conditions of their facilities with our product that is anticipated
to pay for itself in less than a year. Companies are finding that
the technology offers them an affordable way to improve energy
efficiency with relatively short payback of typically between 6-18
months, in addition to providing long-term performance, improving
worker safety, and protecting equipment from corrosion and chemical
damage.”
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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