NAPLES, Fla., June 15, 2006 (PRIMEZONE) -- Industrial Nanotech (Pink Sheets:INTK), a company that specializes in nanotechnology innovation and product development, today announced that one of the Company's international distributors, Kolorgen, Ltd., has placed its second large order, a sea container of the Company's protective coating to satisfy additional demand.
Kolorgen Ltd., an industrial products supplier located in Istanbul, Turkey, has sold Nansulate to over 20 textile plants throughout Turkey since the beginning of 2006 to provide thermal insulation and corrosion protection on high temperature pipes and other manufacturing equipment. Kolorgen placed an initial order for 900 gallons of Nansulate in late 2005 and received delivery in January 2006. The market for Nansulate within textile plants and dye houses has proven to be substantial, prompting Kolorgen to increase its second order size to a full sea container, approximately 1,500 gallons.
"We are pleased to see the exceptional growth rate that our Turkish distributor is experiencing as they continue to establish Nansulate as a unique and valuable coating in the textile industry. Kolorgen's success is an ideal model for Industrial Nanotech to follow in order to rapidly increase our sales within niche markets globally. The extreme temperature environments experienced inside textile plants and dye houses are commonplace in the industrial world and we plan on highlighting this success in order to capitalize on the potential of our extreme temperature Nansulate coatings to generate significant revenues," stated Francesca Crolley, Industrial Nanotech's V.P. of Operations & Marketing.
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.
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.