Industrial Nanotech's Insulation Coating Qualifies for New Construction in Dubai, UAE
August 09 2007 - 7:24AM
Business Wire
Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global
leader in nanotechnology, announced today that its patented thermal
insulation coating, Nansulate�, has qualified for use in new
construction in the United Arab Emirates (UAE). �It is estimated
that there is approximately 100 billion dollars of construction
either under way or planned in Dubai, UAE,� states Francesca
Crolley, VP of Operations and Marketing for Industrial Nanotech,
Inc. �There is now also great incentive for real estate developers
to invest in energy efficient technologies for their projects, and
Nansulate is a perfect solution for them. Our distributor in the
UAE recently confirmed that our Nansulate product line has the
necessary performance data to satisfy local building codes and
qualify for use in new building construction, including commercial
and residential buildings, roads, airport infrastructure,
industrial parks and governmental institutions. They are now
actively working with architects and engineers regarding specific
projects. In one particular project, which would require 200,000
gallons of Nansulate, the developer needs a minimum 10% energy
savings. Based upon the fact that our residential customers in the
US consistently report a minimum of 20% - 40% energy savings after
applying Nansulate, we are confident that we can meet the
requirements of this project and others. They are currently
preparing for field trials and we expect to have an answer on this
project within the coming months.� 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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