NAPLES, Fla., Jan. 11, 2006 (PRIMEZONE) -- Industrial Nanotech, Inc., (Pink Sheets:INTK) a company that specializes in nanotechnology innovation and product development, today announced that W. Ed Tyler will be joining the Company in an advisory role.
Mr. Tyler has an impressive track record in leadership and entrepreneurial roles. He currently serves on the Board of Directors of First Industrial Realty Trust, Inc., (NYSE:FR) the nation's largest provider of diversified industrial real estate, and is the Chief Executive Officer of Ideapoint Ventures, an early stage venture fund that focuses on nanotechnologies.
According to Stuart Burchill, CEO of Industrial Nanotech, "We are proud to welcome Ed Tyler as a key member of the Industrial Nanotech team. We believe that now is an opportune time to bring Mr. Tyler on to help oversee the growth of the company and advise us on corporate strategies and the implementation of operations infrastructure. His leadership experience working as CEO of large and reputable companies enables him to provide guidance in several different capacities such as business development and contract negotiations. Having dedicated the last few years to researching nanotechnology and material sciences, he has a strong understanding of our technology and its implications."
"Industrial Nanotech is a rare find, particularly in the nanotechnology industry. Their unique technologies have vast applications and tremendous growth potential. Through relationships with the world's leading material scientists, they have commercialized coatings that address several existing demands in the industrial world. I feel that I bring an additional layer of experience to Industrial Nanotech's management and can help guide the Company to greater success," responded Tyler.
W. Ed Tyler served as President and CEO of Moore Corporation Limited for three years, beginning in April 1998. During his tenure at Moore, he led a worldwide repositioning and restructuring of the company. From 1974 to 1998 he was with R. R. Donnelley & Sons Company in Chicago, becoming Executive Vice President, Sector President, and Chief Technology Officer in 1995. From 1995 through 1998, he also was responsible for 77 Capital, an early stage venture capital subsidiary of Donnelley. He was directly responsible for investment decisions and worked closely with the portfolio companies while participating on many of their boards.
About Industrial Nanotech Inc.
Industrial Nanotech Inc. participates in nanotechnology research and development with the world's leading scientists and laboratories to create patented technologies and products. Industrial Nanotech's initial product line, Nansulate(tm), is a high-performance coating for the heavy industry, military, manufacturing, shipping and consumer markets, distributed worldwide by the Company and exclusive distributors.
Visit http://www.industrial-nanotech.com for more information on the company and products.
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.
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