NAPLES, Fla., June 19, 2006 (PRIMEZONE) -- Industrial Nanotech (PinkSheets:INTK), a company that specializes in nanotechnology innovation and product development, today announced that the company has reached an agreement with Caled Industries, www.caledclean.com, of Wayne, NJ, to distribute Nansulate to the dry cleaning and commercial laundry industries throughout the U.S. and Far East. Nansulate has the ability to save the average dry cleaner a substantial amount of money through operating cost savings associated with reduced heating and fuel costs.
Andrew Kim, Executive Director of Caled Industries, will spearhead the program that, along with facilitating the product's sale to dry cleaners, also offers a complete cost savings application protocol for the environmentally safe liquid-applied insulation coating. The ease of application, compounded by the cleaner environment created by the thin coating, will very quickly strengthen Caled Clean's product offering.
Mark Chosney, Director of Corporate Sales for Industrial Nanotech, states, "We are very excited to work with Caled Industries, a manufacturer with over 75 years of experience in the cleaning industry, a major focus on the environment, and a long history of success. Caled has over 250 active distributors throughout the US, catering to over 200,000 dry cleaners and commercial laundries. This agreement further demonstrates the ability of our Nansulate coatings to reduce energy costs wherever insulation of industrial, manufacturing and other types of equipment is required."
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.