June 16, 2008
Industrial Nanotech’s Greentech Automotive Coating Continues to Improve Auto Performance for NASCAR Race Teams and Consumers
Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanotechnology, announced today that a fourth NASCAR race team has purchased the Company's patented nanotechnology based coating, NanoBoost(TM), for use on race cars to control heat transfer and improve performance.
"NanoBoost(TM) is fast becoming a NASCAR standard," states Francesca Crolley, VP of Operations and Marketing for Industrial Nanotech, Inc. "We recently shipped product to our fourth NASCAR team customer and are pleased to see the product continuing to help performance through control of heat transfer for these teams."
NanoBoost is one of the products in the Company's nanotechnology-based Nansulate product line. It has been successfully used by NASCAR races teams and the Ford V8 Supercar team, Betta Electrical, since 2005.
Ms. Crolley continues, "As gas prices continue to climb, we have also seen an increase in consumer sales of NanoBoost as people look for ways to improve the gas mileage of their vehicles. Our coating provides them a very affordable way to control heat transfer, thus increasing auto performance and reducing fuel consumption. Industrial Nanotech offers a complete line of unique and innovative energy saving products, including Nansulate and NanoBoost, for industry and consumers at a time when energy and oil prices are a critical issue in the world and the Company is well positioned to continue the exponential revenue growth rate we have experienced over the last four years."
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, lead encapsulation, chemical resistance, and fire resistance in an environmentally safe, water-based, coating formulation. The Nansulate(R) Product Line includes industrial, residential, and automotive parts 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.