NAPLES, Fla., June 8, 2006 (PRIMEZONE) -- Industrial Nanotech Inc (Pink Sheets:INTK) a company that specializes in nanotechnology innovation and product development, announced today that the Company has reached an agreement with Isobrasil, one of Brazil's largest industrial supply companies, to exclusively distribute the patented Nansulate line of industrial coatings throughout the country of Brazil.
Isobrasil has successfully serviced the anti-corrosion and insulation market in South America for over 50 years. The company's current clients include Petrobras, the fifteenth largest oil company in the world, Eletronorte, Brazil's federal power company and Fiat Automoveis, Fiat Auto's largest automotive unit outside of Italy.
"Isobrasil has a well-established presence in the anti-corrosion and insulation markets in South America," explained Francesca Crolley, VP of Operations & Marketing. "Their extensive customer base coupled with decades of experience in the industry makes them a perfect candidate to serve as Industrial Nanotech's exclusive representative in Brazil. With an annual GDP of over $1.5 Trillion, Brazil's economy is the most powerful in South America and we look forward to introducing our superior coatings to the country's key industry participants. We are excited to have Isobrasil as our partner in facilitating the entry of our industrial coatings into this lucrative marketplace."
About the Nansulate(tm) Line of Industrial Coatings
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.
For more information, visit www.industrial-nanotech.com.
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.