Industrial Nanotech, Inc. Announces Asian Solar Water Heater Manufacturer To Include Patented Nansulate® Thermal Insulation ...
October 26 2009 - 7:00AM
Business Wire
Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global
leader in nanoscience solutions, today announced that the company’s
patented Nansulate® thermal insulation and asset protection
coatings will now be used on all new solar water heater systems
manufactured by Asia based First Energy Solution Manufacturing
Corporation.
“We have been approached by a number of solar panel and water
heater manufacturers for trials with Nansulate® Solar since it was
released earlier this year,” stated Francesca Crolley, VP of
Business Development for Industrial Nanotech, Inc. “We are pleased
that First Energy Solution has started using our coatings on all
new water heater systems they produce to increase efficiency. Their
company first began trials on their solar water heater systems with
both Nansulate® Solar and Nansulate® Translucent GP in July of
2009. After successfully completing the trials and confirming the
benefits, they ordered product to be used in a large solar water
heating system for a new hotel/condo tower to insulate in
conjunction with their industrial series of solar heaters. They
recently informed us that Nansulate® will be standard on all
systems they manufacture from this point forward and they will be
providing us with an estimate of their quarterly order
amounts.”
The Asian market for solar energy is currently more than ten
times that of all of Europe and projected to grown at an annual
rate of over 20% - 30%.
About Nansulate(R)
Nansulate(R) 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(R) 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.
About Industrial Nanotech Inc.
Industrial Nanotech Inc. is a global nanoscience solutions and
research leader and member of the U.S. Greenbuilding Council and
the American Solar Energy Society. The Company develops and
commercializes new and innovative applications for 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.
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