Industrial Nanotech Begins Shipping Nansulate(R) EPX - Demand is High for Company's Latest Technological Breakthrough Product
July 08 2008 - 7:00AM
Business Wire
Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global
leader in nanotechnology, announced today that the Company has
begun filling orders for their new Nansulate� EPX product, a
patented material with industry leading thermal resistance,
corrosion prevention, chemical resistance, and flame resistance.
"We ship our first orders of Nansulate EPX to customers in Italy,
Turkey, New Zealand, Vietnam, and the United States on Wednesday,
July 9th, and we are filling the rest of the standing orders for
this revolutionary new product over the next ten days,� stated
Francesca Crolley, V.P. Of Operations & Marketing. �We expected
high demand for Nansulate EPX and our initial orders have confirmed
that expectation. In addition to filling orders, we are building an
inventory to satisfy incoming purchase orders anticipated from the
additional forty companies that have requested notification when we
start shipping so they can place orders. The level of excitement
about the performance capabilities of this one-of-a-kind product
has been extraordinary. It offers a great solution to major
problems faced by many industries worldwide, lowering energy costs
and protecting plant and equipment." Nansulate EPX first debuted at
the 25th International Textile Machinery Fair held in Istanbul May
2008 where it was demonstrated by the Company's Turkish
distributor, Kolorgen Ltd. "At the exhibition, people were amazed
to see a 140 C (252 F) temperature difference with just a 6
millimeter thickness of EPX," explained Dr. Vedat Bilgin of
Kolorgen Ltd. "The hot plate temperature was 200 C (392 F) and the
surface temperature of the thin metal panel coated with Nansulate
EPX and placed on it was less than 60 C (140 F). The performance of
EPX is beyond belief! The higher temperature stability of EPX opens
up higher temperature using markets such as glass, ceramic, cement,
petrochemicals, etc.� Dr. Bilgin continued, �Since the exhibition,
companies from all over Europe, the Middle East, and Asia have been
calling me, some every day, asking when the product will be
available.� 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, resistance to mold growth, lead
encapsulation, chemical resistance, and fire resistance in an
environmentally safe, water-based, coating formulation. The
Nansulate(R) Product Line includes both industrial and residential
coatings. Nansulate EPX has an industry high thermal insulation
capability combined with exceptional fire resistance and excellent
chemical and corrosion resistance. Nansulate EPX also provides the
ability to be applied from one eighth inch thick to several inches
thick, a rapid cure time, durability in severe service
environments, and is a strong, very light weight, easy-to-apply
material. 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,
www.industrial-nanotech.com, 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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