Industrial Nanotech Announces 3300 Gallon Nansulate(R) Crystal Order
First of Five Orders Expected to Total Over 15,000 Gallons
NAPLES, Fla.--(BUSINESS WIRE)-- Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in sustainable nanotechnology based energy saving solutions, announced today that the Company has recently received an initial order of 3300 gallons of Nansulate(R) Crystal for a large project. The retail value of the initial order is $280,335 and this is the first of five similar size orders planned for a commercial building renovation. The Company anticipates that all five orders, totaling over 15,000 gallons and $1,400,000 in retail value, will be filled over the next 12 months.
Nansulate(R) Crystal is the Company's unique and patented, easy-to-apply, long lasting clear roof coating that provides increased thermal insulation and lowers heating/cooling costs, protects against UV rays to reduce color fading and UV degradation of roofing materials, and is mold, mildew and bacterial growth resistant. Nansulate(R) Crystal is suitable for concrete roof tile, clay roof tile, slate, asphalt shingles, wood shingles and metal roofs, where it also provides corrosion resistance.
Francesca Crolley, V.P. of Business Development for Industrial Nanotech, Inc. stated, "The project is the renovation of five commercial buildings, each with similar dimensions. The initial order is for the first of the five buildings being renovated and the customer has set a delivery date for the end of this current quarter. We anticipate that this project and these orders will continue over the next twelve months."
Nansulate(R) 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, chemical resistance and lead encapsulation in an environmentally safe, water-based, coating formulation. The Nansulate(R) 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.inanotk.com) and (www.nansulate.com). Blog: www.nansulate.com/nanoblog, Twitter: www.twitter.com/NanoPioneer, Facebook: www.facebook.com/Nansulate.
About Industrial Nanotech Inc.
Industrial Nanotech Inc. is a global nanoscience solutions and research leader and member of the U.S. Green Building Council. 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, Inc.
Francesca Crolley, US & Canada, 800-767-3998
KEYWORDS: United States North America Florida
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