NAPLES, Fla., Sept. 13, 2006 (PRIMEZONE) -- Industrial Nanotech (Pink Sheets:INTK), a company that specializes in nanotechnology innovation and product development, today announced the signing of an agreement submitted by Armstrong World Industries, Inc. to work towards incorporation of the Company's proprietary technologies into products manufactured by Armstrong.
Armstrong World Industries, Inc., a subsidiary of Armstrong Holdings, is a global leader in the design and manufacture of floors, ceilings and cabinets. Armstrong generated nearly $4 billion in revenues in 2005 and has 14,600 employees worldwide with 41 plants in 12 countries.
"The application of Nansulate coatings on walls and in attics of commercial and residential buildings has been an important and growing market sector for us," stated Stuart Burchill, CEO of Industrial Nanotech. "Armstrong World Industries approached us in early August and I found the concept of incorporating our technology into their ceiling and flooring products as an OEM product to be a fascinating idea with tremendous potential. This agreement, which I signed as submitted yesterday, will allow us to significantly expand this market for Nansulate and will provide Armstrong with a superior proprietary product line in a very competitive industry," added Mr. Burchill.
About Nansulate(tm)
Nansulate is a product line of water-based translucent insulation coatings containing a nanotechnology-based material well-documented to provide thermal insulation, prevent corrosion and resist mold. The entire Nansulate Product Line includes: Nansulate GP, Nansulate PT, Nansulate Chill Pipe, Nansulate High Heat, Nansulate HomeProtect ClearCoat and HomeProtect Interior, and Nansulate LDX.
Nansulate GP is a general purpose formulation designed for wood, fiberglass and other non-metal substrates and Nansulate PT is a direct to metal coating for pipes, tanks and other metallic 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.
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.
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.