NAPLES, Fla., July 19, 2006 (PRIMEZONE) -- Industrial Nanotech (Pink Sheets:INTK), a company that specializes in nanotechnology innovation and product development, today announced that the Company is set to launch Nanoboost, an Automobile Fuel Efficiency and Power Booster. A re-engineered version of the Company's Nansulate coatings, Nanoboost is designed to increase the horsepower of a car when applied to its engine and fuel components, as well as reduce the amount of energy used by its air conditioning system when applied to other specific areas of the car, thus reducing fuel consumption.
As previously announced by the Company, Nanoboost has been used by prominent NASCAR and Australian V8 Supercar Race Teams to increase horsepower and speed as well as keep the interior of race cars cooler. The coating is also being considered by BMW and Porsche AG for next generation sports cars and by one of the "Big Three" American Automakers for incorporation into production automobiles at the manufacturing level due to its energy saving capabilities.
"The users of Nanoboost in racecars have experienced very positive results. It is a proven performer for the NASCAR race team and for Betta Electrical, a V8 Supercar race team currently second in the point standings, whose drivers finished 1st and 3rd in the Clipsal 500 race in Adelaide, Australia in March. The powering and cooling effects of Nanoboost in racecars and preliminary tests in regular trucks and automobiles have peaked the interest of automakers in the U.S. and Europe and we continue to move forward in our discussions with them. We anticipate tremendous success from this product, particularly with oil and gas prices continuing to soar and such an extreme heat wave upon us," commented Francesca Crolley, VP of Operations and Marketing for Industrial Nanotech.
Nanoboost will be available to consumers on Industrial Nanotech's website at www.industrial-nanotech.com upon its launch.
About Nansulate(tm)
Nansulate is a product line of water-based translucent insulation coatings containing a nanotechnology-based material. Nansulate PT is a direct to metal coating for pipes, tanks and other metallic substrates and Nansulate GP is a general purpose formulation designed for wood, fiberglass and other non-metal substrates. Coatings that target extreme industrial environments include Nansulate Chill Pipe designed for low temperature applications on pipes and tanks and Nansulate High Heat designed for high temperature applications. Nansulate HomeProtect ClearCoat and HomeProtect Interior are designed for residential and commercial buildings and Nansulate LDX is designed for lead encapsulation applications. The coatings' ability to resist mold, prevent corrosion and provide thermal insulation is well-documented.
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 that address real-world needs through its funding of and participation in research with world-leading scientists and laboratories, including the U.S. Center for Integrated Nanotechnology (CINT) and Princeton Polymers Laboratories.
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.