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Industrial Nanotech, Inc. Announces Increase to
Million Dollar Order for DEBA Textile Plant in Turkey
Other Topics:
Nanotechnology Displays
Industrial
Nanotech, Inc
August 15, 2008
Naples, FL -- Industrial Nanotech, Inc. (Pink Sheets:INTK),
an emerging global leader in nanotechnology, today announced
that the Company’s Turkish Distributor, Kolorgen, Ltd.,
intends to replace the balance of the order for the Denizli
Basma ve Boya Sanayii a.s. (DEBA) textile plant with the
Company’s revolutionary new patented product, EPX-4. The
Company had previously announced the order as ten sea
containers of Nansulate High Heat, which equated to
$1,071,000.00 US in revenue to the Company. The change would
increase the value of the order to Industrial Nanotech by
approximately 35% due to the higher price of EPX-4. |
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"The application of Nansulate High Heat at DEBA had started
when the technical data for EPX-4 was released several
months ago. Dr. Vedat, President of Kolorgen, Ltd. requested
that we postpone shipment of the balance of the 10
containers of Nansulate High Heat he had ordered for the
DEBA textile plant project while he discussed the
performance qualities of the new EPX-4 product with his
customer, in particular the faster cure time,” stated
Francesca Crolley, VP of Operations and Marketing for
Industrial Nanotech, Inc. “Subsequently, Dr. Vedat requested
that we send him 300 gallons of EPX-4 by expedited air
freight and indicated that he will be providing a new
delivery schedule for the sea containers of the EPX-4
product. The faster cure time of the EPX-4 product will
allow them to complete the application ahead of schedule for
this major project and the chemical and fire resistant
qualities are an added valuable benefit to DEBA.”
Nansulate(R) EPX
is the Company's newest addition to their patented line of
nanotechnology-based coatings which has a four year track
record of providing energy and cost saving solutions for
industry and homeowners worldwide. Nansulate(R) EPX-4 is a
water-based epoxy system that combines superior thermal
insulation with excellent corrosion protection, chemical
resistance, and flame resistance, making it a unique and
powerful protective coating for a wide variety of industrial
and commercial plant, equipment, and building applications.
The coating can be applied from 1/8" thick to several inches
thick. Additional information is available at www.EPX4.com.
This is an update to the previously announced shipment
schedule of the Company’s patented Nansulate energy saving
protective coatings to Kolorgen, Ltd., the Company’s
distributor in Turkey. The product is being applied at the
Denizli Basma ve Boya Sanayii a.s. (DEBA) textile plant to
reduce energy consumption and protect against corrosion of
equipment in their textile facility, one of the region's
largest.
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 the combined performance
qualities of thermal insulation, corrosion prevention, and
resistance to mold growth in an environmentally safe,
water-based, coating formulation. 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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