Company develops extreme high temperature coating for high pressure steam pipeline
Volume 25 Summer
NAPLES, Fla., July 19, 2010 Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanotechnology based energy saving solutions, reported today that the Company has successfully developed a nanotechnology based thermal insulation coating capable of being applied to surfaces of at least 1000 degrees Fahrenheit, “Nansulate® Extreme High Heat”. The product was developed as a result of a request by Saudi European Petrochemical Company, IBN ZAHR, a customer of the company’s exclusive distributor in Saudi Arabia, Saudi Environmental Projects, Ltd, to insulate a 2.1 mile pipeline transporting high pressure steam.
“To date, we have successfully tested the coating on surfaces with temperatures up to 1004 degrees Fahrenheit (540 degrees Celsius).“ states Stuart Burchill, CEO/CTO of Industrial Nanotech, Inc. “We have reason to believe the coating can also be used on surfaces with temperatures up to 1500 degrees Fahrenheit and will finish our due diligence in that extraordinarily high temperature environment over the next few months. Regardless of that outcome, the performance qualities of the product are more than satisfactory to meet the challenge presented to us in April of this year by our representatives in Saudi Arabia, Saudi Environmental Projects, Ltd. This opens up a whole new market to us which few, if any, other companies can pursue.”
The Saudi European Petrochemical Company, IBN ZAHR, is an affiliate of the Saudi Basic Industries Corporation (SABIC). SABIC is one of the world’s five largest petrochemicals manufacturers and the largest and most profitable non-oil company in the Middle East.
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. Facebook: search ‘nansulate’.
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.
SOURCE: Industrial Nanotech, Inc.
For Industrial Nanotech, Inc. Investor Relations: Rob Karbowsky, 407-614-5959, ext. 227 firstname.lastname@example.org