Industrial Nanotech, Inc. Enters Nuclear Power Plant Industry
February 08 2012 - 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 has made its first sale to a nuclear
power facility in the United States of its patented nanotechnology
based insulation and protective coating line, Nansulate®. The
coatings provide effective, weathering resistant thermal insulation
as well as valuable protective performance qualities including
corrosion prevention, moisture and UV resistance, and lead
encapsulation, which is an issue when decommissioning nuclear
facilities.
“The nuclear industry is a unique one,” stated Francesca
Crolley, V.P. Business Development for Industrial Nanotech, Inc.
“While some countries are decommissioning nuclear facilities,
others have plans to build more to meet rising population energy
needs. Our technology gives us unique opportunities to be a value
added proposition in both cases. Our thermal insulation coatings
are being used to insulate equipment to reduce heat loss and
increase energy efficiency in existing nuclear facilities.
Additionally, there is a need for lead abatement in facilities that
are being decommissioned. Nansulate® coatings provide cost
effective thermal insulation properties that stand up well to
extreme environments, as well as the ability to easily encapsulate
lead contaminated surfaces for environmental remediation. We have
already begun initial projects in the U.S. with facilities using
our nanotechnology based products. Power generation facilities,
including Nuclear, Coal, Oil & Gas, Wind, Wave, and Solar will
continue to be a market focus of ours this year to expand the foot
print of sustainable nanotechnology and the benefits it can offer
for energy efficient power generation.”
The U.S. Department of Energy estimates the world commercial
nuclear generating gross capacity could increase from 2005 levels
by 35 percent in 2015 and by 70 percent in 2030 (U.S. Department of
Energy, 2006.). Of approximately 439 nuclear power plants that
currently operate in thirty countries, the United States, France
and Japan operate about half. Currently, an additional 33 plants
are in the process of being constructed with another 94 planned,
and 222 proposed by countries ranging from China to South Africa,
according to a 2008 report by The Wharton School, University of
Pennsylvania.
For further information on Nansulate® 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 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.
Nansulate® products are made in the USA. 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. 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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