Industrial Nanotech, Inc. Receives Shipping Container Order for Company’s Patented Nansulate® Energy Saving Coatings from ...
December 03 2009 - 7:00AM
Business Wire
Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global
leader in nanoscience solutions, today announced that the Company
has received an initial inventory order from Angstrom Technology
Private Limited, the Company’s exclusive distributor for India,
whose agreement was signed and announced on November 30th. The
initial order is for one sea container (1440 gallons) of mixed
Nansulate® thermal insulation and asset protection coating
products, which has a retail value of approximately $122,000.00
USD.
“Angstrom Technology has a strong sales team and a solid plan in
place for marketing Nansulate® coatings in India,” stated Francesca
Crolley, V.P. Business Development for Industrial Nanotech, Inc.
“This initial order is in accordance with their multi-pronged sales
approach for the country which includes institutional sales, retail
sales, sales through a network of trained applicators, e-commerce
and other initiatives. In addition to being innovative thinkers,
their parent company A.L. Batra Group of Industries, founded in
1911, has a significant and successful history. We look forward to
a rapidly expanding presence for our energy saving technology in
India through their dynamic leadership and experience as a key
player in several core sections of the Indian economy.”
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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