Industrial Nanotech, Inc. Approved As US Department of Energy (DOE) “Save Energy Now” ALLY Organization
April 20 2010 - 7:00AM
Business Wire
Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global
leader in nanoscience energy saving solutions, today announced that
the Company has been approved as a member of the U.S. Department of
Energy’s (DOE’s) Industrial Technologies Program Save Energy Now as
an ALLY organization. Save Energy Now is a national
initiative that aims to drive a reduction of 25% or
more in industrial energy intensity in 10 years. To achieve this
ambitious goal, DOE’s Industrial Technologies Program is partnering
with Save Energy Now LEADER Companies and Save Energy Now ALLY
Organizations.
“For many years, we have worked closely with manufacturers to
assist them in reducing energy costs on a daily basis,” explained
Francesca Crolley, V.P. Business Development for Industrial
Nanotech, Inc. “As a member of the Save Energy Now ALLY program, we
can offer these manufacturers more tools and assistance from the
U.S. Department of Energy’s Industrial Technology Program to help
them meet their goals of reduced costs and increased efficiency. We
can support the goals of reduction of 25% or more industrial energy
intensity by assessing areas in factories and facilities where our
nanotechnology based Nansulate® coatings can be used to insulate
steam pipes, boilers, building envelope, roofs, and other areas.
Nansulate® reduces energy used for heating and cooling as well as
for heat processes used in manufacturing. Our technology has a well
documented and proven track record of reducing energy costs in
factories by 10% to 20% or more, and we look forward to helping
more companies achieve those savings and become Save Energy Now
LEADER companies. Reducing energy consumption across the nation is
vital to our future, and we are proud to be working with the U.S.
Department of Energy to achieve these goals through the Save Energy
Now program.”
In 2008, manufacturing client Henateks, a textile manufacturer
for Nike, Adidas and other apparel companies, used Nansulate®
insulation coatings throughout their plant on heat exchangers, dye
machines, steam boilers and other heat process equipment, and
documented reduced energy savings of 20% due to use of the
coatings. This equated to a savings of over $460,000 USD and
reduced liquid natural gas (LNG) consumption by 1,980,943 m3. Their
payback period was less than one year.
For more information on DOE’s efforts to reduce industrial
energy intensity, visit the Save Energy Now Web site at:
http://www1.eere.energy.gov/industry/saveenergynow/.
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. Search 'Nansulate' on Facebook.
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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