NAPLES, Fla., March 13, 2006 (PRIMEZONE) -- Industrial Nanotech (Pink Sheets:INTK) announced today that the Company is working with one of North America's Big Three automakers based in Detroit, Michigan regarding the incorporation of its patent pendng Nansulate(tm) coatings as an energy saving measure in various production models.
Industrial Nanotech's CEO, Stuart Burchill was invited to meet with representatives of the engineering team and racing division of this company to discuss the unique performance qualities of Nansulate coatings and their potential uses in production vehicles. Nansulate's current use in automobile racing captured the attention of the auto maker's climate control division as well as their engineers due to the coatings' unique ability to create thermal barriers for specialized areas on racecars around the world, including a major NASCAR racing team.
Mr. Burchill commented, "After a series of meetings and discussions, it has been determined that there are multiple areas on current production vehicles, particularly three-quarter ton and one-ton work vans and trucks, that can greatly benefit from our nanocomposite-based coatings. The next step is for us to apply Nansulate(tm) to specific areas of a test vehicle that they will be providing. This will be used to confirm initial results regarding the product's thermal insulation and anti-corrosion qualities in relation to automobile performance and fuel efficiency. While we are pleased that our coatings have been successful and performed well for the racing industry, we recognize the significant opportunity that incorporating our coatings into current production vehicles presents for Industrial Nanotech."
"Industrial Nanotech's line of industrial coatings has been the subject of review and analysis by a number of industries for OEM applications," stated Francesca Crolley, VP of Operations and Marketing. "Auto manufacturing is just one that we have been working with since 2005. Our products have been featured in a growing number of publications, including 'Oil & Gas Product News, May/June 2005', 'Industrial Equipment News, August, 2005', and 'Job Shop Technology, January 2006'. The ability of our products to prevent corrosion and provide thermal insulation simultaneously in an easy-to-apply, durable coating has several advantages. Additionally, the recently announced results of our coatings providing protection against mold growth has also prompted many industries to consider our product as a preventative measure against litigation from industrial workplace health issues," continued Ms. Crolley.
About Nansulate(tm)
Introduced in 2005, Nansulate is a water-soluble tinted primer or translucent coating containing a nano-science based material. Nansulate's formulation was developed by Mr. Burchill who has filed patents both nationally and internationally and licensed exclusively the rights to Industrial Nanotech, Inc. The coating's ability to resist mold, prevent corrosion and provide thermal insulation is well-documented. The Company and its licensed distributors distribute Nansulate products worldwide.
About Industrial Nanotech Inc.
Industrial Nanotech Inc. (Pink Sheets:INTK) is a global nanoscience solutions and research leader. The company seeks to introduce new and innovative applications for nanotechnology by participating with world leading scientists and laboratories, including Sandia National Laboratories and Princeton Polymers Laboratories. Industrial Nanotech products address real-world needs and are currently being tested by Global 100 companies for potential use.
See www.industrial-nanotech.com for more information.
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.