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Industrial Nanotech Announces
Participation in Major Arctic Pipeline Project
Other Topics:
Nanowire Battery,
Nanotech Revolution,
Nanotech Semiconductor
Industrial Nanotech, Inc.
December 4, 2007
Naples, FL -- Industrial Nanotech, Inc. (Pink Sheets:INTK),
an emerging global leader in nanotechnology, announced today
that the Company is participating in a major arctic pipeline
project estimated to span over 3000 miles. |
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“We were recently contacted by an
international oil and gas company based in the US to provide
a custom formulated version of our patented Nansulate
coatings and specifications for the application of that
coating to an arctic pipeline project which is estimated to
cover over 3000 miles when completed,” states Stuart
Burchill, CEO/CTO of Industrial Nanotech, Inc. “Based on
discussions with this new customer’s engineering department,
a review of our coating’s performance capabilities, and our
understanding of the demands presented by the arctic
environments of Alaska and northern Canada, we are confident
that our product can provide added value and performance
benefits to this project.” Mr. Burchill continues, “This is
a complex undertaking and there are many more hurdles for
both companies to cross before the project begins in 2010,
but this clearly presents a major development in Industrial
Nanotech’s capture of market share in the oil and gas
industry beyond our current 155 mile project with the
Brazilian oil giant, Petrobras.”
About Nansulate(R)
Nansulate(R) is the Company's patented product line of
specialty coatings containing a nanotechnology-based
material and which are well-documented to provide thermal
insulation, prevent corrosion, resist mold, chemical
resistance, and encapsulate lead. The Nansulate(R) Product
Line includes both industrial and residential coatings.
About Industrial Nanotech Inc.
Industrial Nanotech Inc. is quickly emerging as a global
nanoscience solutions and research leader. The Company
develops and commercializes new and innovative applications
for nanotechnology. Additional information about the Company
and its products can be found at their websites,
(http://www.industrial-nanotech.com) and
(http://www.nansulate.com).
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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