Industrial Nanotech Announces Development of Coating for Undersea Gas and Oil Pipelines
July 18 2007 - 7:50AM
Business Wire
Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global
leader in nanotechnology, announced today that it has developed a
thermally insulating, corrosion resistant coating for use on
underwater oil and gas pipelines. �The newest addition to our
patented line of nanotechnology based coatings, �Nansulate Aqua�,
fills a critical need in the oil and gas industry,� states
Francesca Crolley, VP of Operations and Marketing for Industrial
Nanotech. �The world�s demand for energy is increasing rapidly,
forcing new methods of accessing fuel sources. In the North Sea,
natural gas emerges from the ocean floor at depth of over 2 miles
at a temperature of 203 degrees Fahrenheit and must be kept as warm
as possible as it is transported through the freezing North Sea to
avoid a buildup of hydrates and the resulting potential blockage of
the pipeline. Off the coast of California, oil from tankers is
offloaded at pumping stations and transported through underwater
pipes to holding tanks onshore. Maintaining an adequately high
temperature during transport under the Pacific is critical to
maintaining sufficient volume flow. This type of problem faces the
oil natural gas industry worldwide and we provide an innovative,
easy-to-use, cost efficient solution.� Nansulate Aqua is available
immediately to commercial customers and the formulations can be
customized to suit the specific needs, application parameters, and
environmental conditions of a specific project. 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, and resistance to mold
growth 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.
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