September 22, 2008
Industrial Nanotech, Inc. Expands Reach to Alaskan Territory With New Distributor for the Company’s Patented Nansulate Energy Saving Technology
Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanotechnology, announced today that it has awarded exclusive distributorship rights for the state of Alaska to Nanotech Energy Solutions, Inc., a company that specializes in energy saving solutions for oil and gas, industrial, commercial, and residential customers.
"With rainfall exceeding 150 inches in the southeast regions, causing severe mold and corrosion problems, and the extreme cold (-80 below) 2000 miles away in the arctic regions where corrosion under insulation solutions are desperately needed on the state's numerous oil and gas facilities, it was clear that a new and unique solution was needed," explained Steve Mroz, Nanotech Energy Solutions, Inc. "After researching the products from Industrial Nanotech we knew we could offer every Alaskan big or small solutions to these problems. And although a sales call could consist an all day flight to the north slope oil fields or a trip into a remote community by float plane we are up for the challenge of providing energy saving solutions where they are desperately needed."
Enstar Natural Gas Company, a major energy supplier to the residents and industries of Alaska, is reported to be planning to raise its rates for heating homes by at least 22 percent starting in January to pay for soaring fuel costs. For big customers like the Anchorage School District, the extra heating cost will amount to about $900,000 of unbudgeted costs.
About Nanotech Energy Solutions, Inc.
Nanotech Energy Solutions is headed by a team with close to 30 years experience in successful business operations in the unique climate of Alaska. Their operations include a modern storefront, customer showroom, and warehouse facility in Fairbanks, Alaska, with expansion upcoming to Anchorage, Juneau and Wasilla. The company can be reached by phone at 907-978-7825.
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, resistance to mold growth, and lead encapsulation 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.