Industrial Nanotech, Inc. Enters New Steam Process Market to Assist Universities and Hospitals with Energy Efficiency
March 15 2011 - 7:00AM
Business Wire
Industrial Nanotech, Inc. (Pink Sheets: INTK), an emerging
global leader in nanotechnology based energy saving solutions,
today announced that the Company is starting multiple pilot
projects with hospitals and universities throughout the U.S. to
increase the efficiency of their steam processes through use of the
Company's patented Nansulate® thermal insulation and corrosion
prevention coatings.
“Previously, our focus has been primarily on heavy industry and,
more recently, OEM projects,” states Francesca Crolley, VP of
Business Development for Industrial Nanotech, Inc. “The opportunity
to introduce hospitals and universities, two very energy conscious
and environmentally responsible entities, to the benefits of our
award winning energy saving coatings has the potential to be a very
substantial addition to our portfolio of markets served. We are
currently working with several hospitals and 16 universities. Our
success in industry with reducing energy consumption of steam
process systems indicates that we can be of tremendous benefit to
these markets.”
According to the U.S. Department of Energy resource for “Heat
Loss Per 100 Feet of Uninsulated Steam Line” from their Industrial
Technologies Program Steam Tip Sheet, an uninsulated 4” diameter
steam line of 2,000 feet in length, running at 150 PSIG can be
losing 17000 million BTU’s (MMBTU) per year. Using the February
2011 National Gas Prices average cost for MMBTU of $4.399, and DOE
base calculations of 90% effective insulation and 80% boiler
efficiency, the potential cost savings by insulating those steam
pipes is $84,130.88.
Crolley continues, “As an official ALLY organization with the
U.S. Department of Energy’s 'Save Energy Now' program, we make it a
priority to help organizations reduce energy costs and have
recently created two spreadsheet calculators based upon the DOE
steam tables to help companies calculate the potential energy
savings achievable by insulating steam pipes and steam valves.
These can be found on our website at
www.nansulate.com/free_energy_saving_assessment.htm. Our successful
track record in the steam process applications speaks for itself.
Use of our coatings on heat exchangers by Erenko Textile, who
performed side-by-side trials on same capacity machines running a
60 minute cycle of 60 degrees C, reduced steam supply cycles from
24 injections over the 60 minutes down to 2 injections, reducing
energy consumption by a minimum of 20% and providing an overall 10%
reduction in unit material production costs. An application of
Nansulate® EPX over a large steam line in a chemical manufacturing
facility reduced their surface temperature from 302F down to a safe
touch level of 100F with only 1/2” of insulation thickness and
their problem with corrosion under insulation was also eliminated.
Henateks Textile, a manufacturer for several large sports apparel
companies, documented a 20% reduction in liquid natural gas
consumption which was attributed directly to Nansulate® High Heat
being used to insulate their steam process system. This resulted in
a 2007 and 2008 cost savings of $852,437.00 US and a payback period
of only 7 months. Our short payback period is one of the most
attractive features of our energy saving technology and one that is
of great interest to the universities and hospitals that we are
working with. Many of them are looking to pay for these
improvements with the energy saving dollars and further use them to
fund future improvement projects. Our technology allows them to do
that in the short term.”
Industrial Nanotech continues their successful series of
Sustainability Simplified™ Webinars with their next one titled
“University Energy Saving Solutions” on Friday, March 18, from
1:00-1:30 p.m. Eastern Time. Registration can be done online at:
https://www1.gotomeeting.com/register/841829208.
For further information on Nansulate(R) Sustainable Coatings
visit: www.nansulate.com.
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, Facebook:
www.facebook.com/Nansulate.
About Industrial Nanotech Inc.
Industrial Nanotech Inc. is a global nanoscience solutions and
research leader and member of the U.S. Greenbuilding Council 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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