Industrial Nanotech, Inc. Announces Increase to Million Dollar Order for DEBA Textile Plant in Turkey
August 04 2008 - 7:00AM
Business Wire
Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global
leader in nanotechnology, today announced that the Company�s
Turkish Distributor, Kolorgen, Ltd., intends to replace the balance
of the order for the Denizli Basma ve Boya Sanayii a.s. (DEBA)
textile plant with the Company�s revolutionary new patented
product, EPX-4. The Company had previously announced the order as
ten sea containers of Nansulate High Heat, which equated to
$1,071,000.00 US in revenue to the Company. The change would
increase the value of the order to Industrial Nanotech by
approximately 35% due to the higher price of EPX-4. �The
application of Nansulate High Heat at DEBA had started when the
technical data for EPX-4 was released several months ago. Dr.
Vedat, President of Kolorgen, Ltd. requested that we postpone
shipment of the balance of the 10 containers of Nansulate High Heat
he had ordered for the DEBA textile plant project while he
discussed the performance qualities of the new EPX-4 product with
his customer, in particular the faster cure time,� stated Francesca
Crolley, VP of Operations and Marketing for Industrial Nanotech,
Inc. �Subsequently, Dr. Vedat requested that we send him 300
gallons of EPX-4 by expedited air freight and indicated that he
will be providing a new delivery schedule for the sea containers of
the EPX-4 product. The faster cure time of the EPX-4 product will
allow them to complete the application ahead of schedule for this
major project and the chemical and fire resistant qualities are an
added valuable benefit to DEBA.� Nansulate(R) EPX is the Company's
newest addition to their patented line of nanotechnology-based
coatings which has a four year track record of providing energy and
cost saving solutions for industry and homeowners worldwide.
Nansulate(R) EPX-4 is a water-based epoxy system that combines
superior thermal insulation with excellent corrosion protection,
chemical resistance, and flame resistance, making it a unique and
powerful protective coating for a wide variety of industrial and
commercial plant, equipment, and building applications. The coating
can be applied from 1/8" thick to several inches thick. Additional
information is available at www.EPX4.com. This is an update to the
previously announced shipment schedule of the Company�s patented
Nansulate energy saving protective coatings to Kolorgen, Ltd., the
Company�s distributor in Turkey. The product is being applied at
the Denizli Basma ve Boya Sanayii a.s. (DEBA) textile plant to
reduce energy consumption and protect against corrosion of
equipment in their textile facility, one of the region's largest.
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.
Industrial Nanotech (PK) (USOTC:INTK)
Historical Stock Chart
From Jul 2024 to Jul 2024
Industrial Nanotech (PK) (USOTC:INTK)
Historical Stock Chart
From Jul 2023 to Jul 2024
Real-Time news about Industrial Nanotech Inc (PK) (OTCMarkets): 0 recent articles
More Industrial Nanotech, Inc. News Articles