Published: November 18, 2010
Industrial Nanotech, Inc. Enters Utilities Market - Expands Use of Nanotechnology to Increase Energy Efficiency for Power Companies
NAPLES, Fla. - (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.

Industrial Nanotech, Inc.
Investor Relations:
Rob Karbowsky,
800-767-3998
investini@industrial-nanotech.com
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