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Industrial
Nanotech CEO Invited to Petrobras Headquarters to Discuss
Additional Projects
Other Topics: Bioscience Subsidiary,
Geoethical Nanotechnology,
Nanotechnology Index
BUSINESS WIRE
July 16, 2007
Naples, FL -- Industrial Nanotech, Inc. (Pink Sheets:INTK), an
emerging global leader in nanotechnology, announced today that
its CEO, Stuart Burchill, will be meeting with engineers and
executives at the headquarters of Petrobras, Brazil’s oil and
gas company, to discuss additional projects on August 27 – 31,
2007. Industrial Nanotech is currently scheduled to provide
its nanotechnology based coatings to Petrobras for 250
kilometers of pipeline. |
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“The
unique performance characteristics of the coating which we
custom designed to suit their needs for the 250 kilometer
pipeline project, combined with our recently developed
application process and equipment which dramatically reduces
application time and therefore cost, is quite an innovative
solution. This has generated interest at the executive levels
of Petrobras’ management in Industrial Nanotech’s broad
spectrum of skill sets,” states Stuart Burchill, CEO of
Industrial Nanotech. “I received the invitation last week from
the project manager with whom we have been working since last
summer and I have committed to the dates they requested. His
superiors have asked for meetings with me to discuss other
potential applications for our products and capabilities at
Petrobras facilities throughout the world.”
Mr. Burchill will attend two days of meetings with engineers
and senior management at Petrobras headquarters in Rio de
Janeiro, then spend a day touring the oil and gas pipe
manufacturing facility in San Paulo and meeting technical
staff there, then visit a pipeline installation project for a
field analysis.
Petroleo Brasileiro S.A. (Petrobras) is currently the 12th
largest oil company in the world, producing over 2.2 million
bbl/day worldwide and with plans to invest US$ 85 Billion over
the next 5 years to increase this production to 3.5 million
bbl/day. Petrobras has operations and assets in 27 countries,
including Argentina, Angola, Bolivia, Colombia, the United
States, Nigeria, Venezuela, Mexico, Ecuador, Peru, Uruguay,
Paraguay, Chile, Tanzania, Iran, India, Libya, Equatorial
Guinea, Turkey, China, Senegal, Mozambique, Portugal and
Pakistan.
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. |
