Industrial Nanotech Announces 'Intelligent Coating' R&D Initiative

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| Source: Industrial Nanotech, Inc.

NAPLES, Fla., May 23, 2006 (PRIMEZONE) -- Industrial Nanotech (Pink Sheets:INTK), a company that specializes in nanotechnology innovation and product development, today announced the establishment of a new division that will focus on developing "Intelligent Coating" technologies. The products developed by this new division will be sold under the product name "Nansulate IQ."

Industrial Nanotech, through its relationship with the U.S. Centers for Integrated Nanotechnology, http://cint.lanl.gov, and their work for the Department of Defense and Department of Energy, will build on CINT's research to develop an intelligent coating with industrial applications. Chief Executive Officer, Stuart Burchill, will lead the research team which also includes Princeton Polymer Laboratories and one other undisclosed research team. Intelligent coating technologies have previously been the subject of governmental research and used for military applications including sensing packages that detect damage such as corrosion and substrate integrity and environmental conditions.

Stuart Burchill, CEO of Industrial Nanotech, comments, "Intelligent coatings represent the future of the coatings industry. Industrial Nanotech plans to emerge at the forefront of this new and disruptive technology which has the ability to potentially generate a substantial revenue stream for the company. Our current Nansulate line of protective coatings represents the first revolutionary improvement in coatings in decades and our Nansulate IQ line will provide an even higher level of effectiveness and become the future of coatings. Almost every object that is painted including houses, bridges, cars, trucks, tractors, manufacturing equipment and pipelines can eventually benefit from this advanced technology."

Intelligent coatings are coatings that 'Self Report' and 'Self Repair.' One example would be a coating that is able to repair itself upon being scratched, removed or damaged in any way, and then change color at that area to report that it has been damaged and repaired. Management believes that "Nansulate IQ" coatings could add significant value in several industrial settings, particularly pipelines where hundreds of miles of substrate have to be inspected regularly for any indication of metal failure. An "Intelligent Coating" could sense peculiar changes in surface tension or surface temperature which would indicate potential metal fatigue or failure and it could change bright red at that section, substantially expediting the inspection process.

About Industrial Nanotech, Inc.

Industrial Nanotech Inc. is a global nanoscience solutions and research leader. The Company develops and commercializes new and innovative applications for nanotechnology by participating with world-leading scientists and laboratories, including the U.S. Center for Integrated Nanotechnology (CINT) and Princeton Polymers Laboratories.

See www.industrial-nanotech.com for more information.

The Industrial Nanotech, Inc. logo is available at http://www.primezone.com/newsroom/prs/?pkgid=1701

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.

Industrial Nanotech, Inc.
(800) 508-6153


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