July 8, 2008
Industrial Nanotech Begins Shipping Nansulate(R) EPX – Demand is High for Company’s Latest Technological Breakthrough Product
Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanotechnology, announced today that the Company has begun filling orders for their new Nansulate(R) EPX product, a patented material with industry leading thermal resistance, corrosion prevention, chemical resistance, and flame resistance.
"We ship our first orders of Nansulate EPX to customers in Italy, Turkey, New Zealand, Vietnam, and the United States on Wednesday, July 9th, and we are filling the rest of the standing orders for this revolutionary new product over the next ten days," stated Francesca Crolley, V.P. Of Operations & Marketing. "We expected high demand for Nansulate EPX and our initial orders have confirmed that expectation. In addition to filling orders, we are building an inventory to satisfy incoming purchase orders anticipated from the additional forty companies that have requested notification when we start shipping so they can place orders. The level of excitement about the performance capabilities of this one-of-a-kind product has been extraordinary. It offers a great solution to major problems faced by many industries worldwide, lowering energy costs and protecting plant and equipment."Nansulate EPX first debuted at the 25th International Textile Machinery Fair held in Istanbul May 2008 where it was demonstrated by the Company's Turkish distributor, Kolorgen Ltd.
"At the exhibition, people were amazed to see a 140 C (252 F) temperature difference with just a 6 millimeter thickness of EPX," explained Dr. Vedat Bilgin of Kolorgen Ltd. "The hot plate temperature was 200 C (392 F) and the surface temperature of the thin metal panel coated with Nansulate EPX and placed on it was less than 60 C (140 F). The performance of EPX is beyond belief! The higher temperature stability of EPX opens up higher temperature using markets such as glass, ceramic, cement, petrochemicals, etc."
Dr. Bilgin continued, "Since the exhibition, companies from all over Europe, the Middle East, and Asia have been calling me, some every day, asking when the product will be available."
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 both industrial and residential coatings.
Nansulate EPX has an industry high thermal insulation capability combined with exceptional fire resistance and excellent chemical and corrosion resistance. Nansulate EPX also provides the ability to be applied from one eighth inch thick to several inches thick, a rapid cure time, durability in severe service environments, and is a strong, very light weight, easy-to-apply material.
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, www.industrial-nanotech.com, 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.