NAPLES, Fla., Oct. 22, 2014 (GLOBE NEWSWIRE) -- via PRWEB - Industrial Nanotech, Inc. (OTC-Pink:INTK), an emerging global leader in nanoscience energy saving solutions, announced that the Company's technical team will be traveling to Barrancabermeja, Columbia in November for a requested presentation and to specify for several oil and gas projects using the Company's patented thermal insulation and protective coatings for energy saving and corrosion prevention applications at Ecopetrol. After over a year of evaluation, Ecopetrol, Columbia's largest oil and gas company, has requested the visit to further educate their leaders on the benefits of Industrial Nanotech coatings and help identify key cost saving applications for implementation.
"We are pleased that their thorough due diligence regarding our products has resulted in the request from Ecopetrol, Columbia's principal petroleum company, to visit their refinery and provide detailed specifications for our innovative energy saving solutions on their plant and equipment," stated Francesca Crolley, V.P. of Business Development for Industrial Nanotech, Inc. "We have been working with their engineers for over a year, providing them with detailed information on the insulation and corrosion prevention benefits of our Nansulate® coating technology, including its ability to prevent corrosion under insulation (CUI), a prevalent issue in the oil and gas and petroleum industries. Ecopetrol is seeking new technologies to assist in reducing steam consumption. We look forward to cementing our relationship with Ecopetrol, and assisting them with nanotechnology based insulation solutions as we have for Sinopec in China, Galp Energia in Portugal, Enap-Sipetrol in Argentina, and many others in this industry."
Ecopetrol is Colombia´s largest integrated oil & gas company, where it accounts for 60% of total production. It is one of the top 40 oil companies in the world and the fourth largest oil company in Latin America. The Company is also involved in exploration and production activities in Brazil, Peru and the United States Gulf Coast, and owns the main refineries in Colombia. The Barrancabermeja refinery, which supplies nearly 80% of the fuels consumed in Colombia, is located in the department of Santander and has a crude processing capacity of 250,000 barrels per day.
About Industrial Nanotech Inc.
Industrial Nanotech Inc. is a global nanoscience solutions research and development leader. The Company develops and commercializes new and innovative applications for sustainable nanotechnology which are sold worldwide, including the Company's patented product line of award winning, specialty coatings containing a nanotechnology based material and which provide the combined performance qualities of energy savings, thermal insulation, corrosion resistance, prevention of CUI, moisture resistance, chemical resistance, and other protective benefits. The coatings are low VOC, water-based, and sustainable.
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.
SOURCE: Industrial Nanotech, Inc.
CONTACT: Industrial Nanotech, Inc., Francesca Crolley, US & Canada: 800-767-3998, International: +1 239-254-0346, Email: investini@inanotk.com
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