Industrial Nanotech, Inc. Enters Utilities Market – Expands Use of Nanotechnology to Increase Energy Efficiency for Power Companies
Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanotechnology based energy saving solutions, today announced that they are working with a major California power company to use the Company’s patented Nansulate® insulation and corrosion control coatings to increase energy generation efficiency and reduce costs.
Naples, Fla. (PRWEB) November 20, 2010
Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanotechnology based energy saving solutions, today announced that they are working with a major California power company to use the Company’s patented Nansulate® insulation and corrosion control coatings to increase energy generation efficiency and reduce costs. Previously, Nansulate® was used on an oil pipeline project by international power company, Galp Energia, for insulation and corrosion control. The coatings are used worldwide to insulate equipment and facilities, to protect equipment, reduce energy consumption, and improve worker safety.
“Nansulate® coating technology is an innovation in insulation technology. End users of power have been reducing their energy consumption with our coatings for years. It is logical that the power companies would also be interested in increasing the efficiency of power generation with this technology,” stated Francesca Crolley, VP of Business Development for Industrial Nanotech, Inc. “We have been working with a large power company on the west coast to identify areas where Nansulate coatings can increase their efficiency, including pipelines, boilers, gas meters, and similar equipment.”
Ms. Crolley continues, “We have seen a marked increase in demand for our products after announcing our global sustainability project with international textile manufacturer Coats plc., who was quoted as having determined the benefits of using Nansulate to include reducing steam consumption by over 10 percent, reducing related carbon emissions by 2 percent, and significantly improving working conditions of their facilities with our product that is anticipated to pay for itself in less than a year. Companies are finding that the technology offers them an affordable way to improve energy efficiency with relatively short payback of typically between 6-18 months, in addition to providing long-term performance, improving worker safety, and protecting equipment from corrosion and chemical damage.”
Nansulate® is the Company’s patented product line of award winning, 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, fire resistance, chemical resistance and lead encapsulation in an environmentally safe, water-based, coating formulation. The Nansulate® Product Line includes industrial, residential, agricultural and solar thermal insulation coatings. Additional information about the Company and its products can be found at their websites, (http://www.industrial-nanotech.com) and (http://www.nansulate.com). Blog: http://www.nansulate.com/nanoblog, Twitter: http://www.twitter.com/NanoPioneer, Search ‘Nansulate’ on Facebook.
About Industrial Nanotech Inc.
Industrial Nanotech Inc. is a global nanoscience solutions and research leader and member of the U.S. Greenbuilding Council, the American Solar Energy Society, and an official ALLY organization with the U.S. Dept. of Energy “Save Energy Now” program. 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.
SOURCE: Industrial Nanotech, Inc.
CONTACT: For Industrial Nanotech, Inc. Investor Relations: Rob Karbowsky, 800-767-3998
# # #
For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2010/11/prweb4811434.htm