Industrial Nanotech, Inc. Commends Coats plc on Application of Company’s Patented Nansulate® Energy Saving Coatings as Par...
October 19 2010 - 7:00AM
Business Wire
Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global
leader in nanotechnology based energy saving solutions, today
announced that Coats plc, the world’s largest manufacturer of
thread and needlecraft supplies, has invested in Industrial
Nanotech’s patented Nansulate® thermal coatings.
Michael Schofer, Coats Chief Supply Chain Officer, said: "As a
business we have an ongoing commitment to reducing our impact on
the environment and continuously improving the working conditions
in our facilities worldwide. Having comprehensively tested
Nansulate coatings we found they significantly reduced process
energy whilst standing up to the harsh environment of an industrial
dye house. We anticipate the change will have a dual effect:
reducing our process steam consumption by over ten percent - and
therefore our carbon footprint by around two percent - and
significantly improving the working conditions in our dye houses,
which is great news for both our business and the environment."
Coats first began reviewing Industrial Nanotech, Inc’s patented
nanotechnology-based insulation coatings with an application done
at their Bursa, Turkey factory. After a thorough review by their
engineers of energy consumption data and energy saving performance,
Coats contacted Industrial Nanotech, Inc. to move forward with the
sustainability project to reduce energy consumption and increase
their sustainability.
"We are honored to participate in Coats’ global energy saving
initiative,” stated Francesca Crolley, VP of Business Development
for Industrial Nanotech, Inc. “Their company heritage spans three
centuries, during which they have consistently continued to be an
innovator in their field. They are one of the first to rollout
Industrial Nanotech’s new ‘Sustainability Simplified™’ platform,
which provides manufacturers a simple way to reduce energy costs,
lower carbon emissions, and become more sustainable. Our industry
leading coating technology is easily applied to many types of
equipment, such as dyeing machines, boilers, and steam pipes, as
well as the building envelope, and in addition to providing thermal
insulation, Nansulate provides corrosion prevention, mold
resistance, chemical and flame resistance. We look forward to
working with Coats to continue to reduce their environmental
footprint and save money on their energy costs worldwide.”
Crolley continues, "Coats’ products are in everything from
knitting yarns, to threads and zips for apparel and footwear;
specialist thread for Major League baseballs to specially
engineered threads used by NASA for parachutes and airbags. We are
proud to work with them to bring further innovation to their
prestigious company and assist their factories worldwide in
reducing energy costs.”
Further information on Nansulate® coatings for sustainable
manufacturing visit. www.nansulateindustrial.com
About Coats plc
Established in 1755, Coats is the world market leader in
industrial yarns and threads and consumer crafts. The company
operates in more than 70 countries, with 73 factories and over
20,000 expert employees producing products for billions of
consumers across six continents. Sales in 2009 were $1.4B.
About Nansulate®
Nansulate® 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® 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, the
American Solar Energy Society, and an official ALLY organization
with the U.S. Dept. of Energy "Save Energy Now" program. The
Company develops and commercializes new and innovative applications
for sustainable 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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