NAPLES, FL, Jan. 04, 2018 (GLOBE NEWSWIRE) -- Industrial Nanotech, Inc. (OTC PINK: INTK), a global leader in nanotechnology-based energy saving solutions, today announced a shareholder update on company progress and corporate developments.
“Our strategy is working. Our first focus in Q4 2016 and all of 2017 was consistent profitability. Through cost cutting measures and increased focus on our more profitable product lines and customers, we have accomplished that task and we have accomplished 12 months of profitability through the end of 2017,” states Stuart Burchill, CEO/CTO of Industrial Nanotech, Inc. “Now we begin 2018 in a high revenue growth rate phase, created by continuing to cultivate and expand our relationships with our core customers and market sectors:
- Fortune 500 Companies including, but not limited to: General Motors, International Paper, Toyota, Post, Shell Oil, Exxon, PepsiCo, Johnson & Johnson, Kellogg’s, Anheuser-Busch InBev, Samsung, and Fluor Corporation. All of these companies are either currently purchasing the Company’s products and expanding their use throughout their organization or actively in the due diligence and education/training phase prior to implementation of the use of the Company’s products.
- Worldwide Distributors including, but not limited to: three distributors and a growing team of independent representatives in the United States, and our current network of seven well established companies representing the Company’s products in England, Norway, Sweden, Denmark, Germany, Africa, South Africa, South Korea, Thailand, Malaysia, The Philippines, Indonesia, Australia, Chile, Pakistan, Dubai and Saudi Arabia.
- New Product Development: The Company continues to work on new technologies including combined thermal insulation and corrosion prevention products that are not coatings and super high temperature thermal insulation coatings for release in 2018. Additional new products and technologies are in the early R & D stages.”
Stuart Burchill continues, “In addition, we continue to work to enhance shareholder value by increasing profitability which, in turn, we will utilize to fuel increased revenue growth while simultaneously cleaning up our balance sheet and capitalization structure and bringing our reporting and audit requirements current in preparation for application to list on a more senior exchange.”
Additional information will be provided to shareholders periodically through upcoming press releases and continually at the Company’s Facebook page and corporate website:
www.facebook.com/INIWorldwide/
http://www.ini-worldwide.com