NAPLES, Fla., July 27, 2005 (PRIMEZONE) -- Industrial Nanotech Inc. (Pink Sheets:INTK) announces that the Company is beginning the next phase of research with Sandia National Laboratories under the terms of a Cooperative Research and Development Agreement (CRADA) signed by the Company in January 2004. The goal of the CRADA is for Industrial Nanotech, in conjunction with Sandia, to pursue the improvement of current disruptive technologies related to nanotechnology based materials that enhance the performance characteristics of coatings and other industrial products.
"Industrial Nanotech's mission is to introduce new products and improve upon existing ones by creating technologies in the laboratory that will make these products far superior to any that have previously existed. By assessing the product needs of specific target markets and partnering with the world's greatest scientists in the field of nanotechnology, we are positioning ourselves for explosive growth and enduring success," commented Stuart Burchill, Chief Executive Officer of Industrial Nanotech. "Working with Sandia is truly a rewarding opportunity and we are honored to share laboratory space and scientific expertise with such a world-class organization."
Sandia National Laboratories is a national security laboratory involved in a variety of research and development programs. Sandia is primarily sponsored by the Department of Energy's National Nuclear Security Administration, the Department of Defense, and the Department of Homeland Security and provides technology solutions that protect nearly 300 million Americans from global threats. Sandia works with government agencies, industry, and academic institutions to sustain, modernize, and protect the United States' nuclear arsenal, prevent the spread of weapons of mass destruction, defend against terrorism, protect our national infrastructures, ensure stable energy and water supplies, and provide new capabilities to our armed forces.
For more information about Sandia National Laboratories, please visit www.sandia.gov.
About Industrial Nanotech Inc.
Industrial Nanotech Inc. produces and sells high performance coatings primarily designed for the heavy industry, manufacturing and shipping markets. The Company is currently conducting nanoscience-related research in advanced materials, molecular self-assembly, and industrial applications at facilities in New Mexico, Colorado, and New Jersey. Products are available directly from the company or through a rapidly growing worldwide network of exclusive distributors.
For corporate and product information, please visit www.industrial-nanotech.com.
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.
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