Industrial Nanotech, Inc. Announces Product Launch - Begins Production of Revolutionary Nansulate(R) EPX at New Manufacturing/Distribution Facility
Posted on Wed, May. 07, 2008
NAPLES, Fla. --
Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global
leader in nanotechnology, announced today that the Company has begun
production of their revolutionary, patented, Nansulate(R) EPX product
line at the Company's new manufacturing and distribution center in New
Brunswick, NJ.
"I was accompanied at the plant by two of my senior Ph.D. chemists
for the first production scale run this past Wednesday, April 30th,
and we all agree that it went flawlessly," states Stuart Burchill,
CEO/CTO of Industrial Nanotech, Inc. "Subsequent quality control
analysis confirms that it meets our high standards and we are now
filling existing orders, beginning with the container shipments of
approximately 1800 gallons each to our distributors who have
pre-ordered the product. The retail price of this product is $105.00
per gallon and it presents a great value added proposition for our
industrial and OEM clients with a fast cure time, revolutionary
thermal insulation performance, outstanding chemical resistance to
both base and acid chemicals... including 95% concentration sulfuric
acid, long-term protection against metal corrosion in marine and deep
sea environments, and exceptional fire retardant properties. The
coating can be applied from 1/8" thick to several inches thick."
Mr. Burchill continues, "We chose to manufacture the product in
New Brunswick, NJ because the facility there has the capacity to meet
the production volumes we project and it has close proximity to a
major port, therefore significantly lowering the cost and time of
shipping to our valuable overseas clients in South America, Europe,
Asia, Africa, and the Middle East. With Industrial Nanotech, Inc.
already experiencing a 302% year over year revenue growth rate from
2007 to 2008, as of YTD ending May 2nd... almost double our previous 4
year average year over year revenue growth of 162%... the addition of
Nansulate EPX, a product which has generated tremendous interest and
pre-sales worldwide, promises to exponentially increase our already
undeniably explosive growth rate."
Nansulate(R) EPX is the Company's newest addition to their line of
nanotechnology-based coatings which has a four year track record of
providing energy and cost saving solutions for industry and homeowners
worldwide. Nansulate(R) EPX combines superior thermal insulating
ability with excellent corrosion resistance, chemical resistance, and
flame resistance, making it a unique and powerful protective coating
for a wide variety of industrial and commercial plant, equipment, and
building applications. Literature and additional information about
this product is currently in production and will be made available on
the Company's website during the month of May. Additional variations
of Nansulate EPX tailored to specific customers are currently in the
final phases of development and further information regarding these
unique products will be released in the near future.
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,
lead encapsulation, chemical resistance and flame resistance in an
environmentally safe, water-based, coating formulation. The
Nansulate(R) Product Line includes both industrial and residential
coatings.
About Industrial Nanotech Inc.
Industrial Nanotech Inc. is quickly emerging as a global
nanoscience solutions and research leader. The Company develops and
commercializes new and innovative applications for nanotechnology.
Additional information about the Company and its products can be found
at their websites, (http://www.industrial-nanotech.com) and
(http://www.nansulate.com).
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.
For Industrial Nanotech Inc., Naples
Investor Relations:
The Cervelle Group, LLC
Rob Karbowsky, 407-475-9966 ext. 227
rob@thecervellegroup.com
or
Media Inquiries:
The Cervelle Group, LLC
Tina Kuhn, 407-475-9966
tina@thecervellegroup.com
Join the discussion
The Miami Herald is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere in the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from personal comments and remarks that are off point. In order to post comments, you must be a registered user of MiamiHerald.com. Your username will show along with the comments you post. Not a registered user? It's Free!
Register here. Thank you for taking the time to offer your thoughts.