NAPLES, Fla, Aug. 3, 2005 (PRIMEZONE) -- Industrial Nanotech Inc., (Pink Sheets:INTK), announced today that the Company's Nansulate Translucent(tm) PT and High Heat coatings are currently being tested by Rheem Australia and Rheem New Zealand for the reduction of heat loss in heater cylinders, increasing energy savings and reducing greenhouse gas emissions. Rheem Manufacturing is one of the world's leading manufacturers of central heating and cooling products.
The tests, which are being overseen by one of Industrial Nanotech's distributors, Enviro Consultants in Wollongong, Australia, are to determine the ability of Nansulate Translucent(tm) coatings to reduce heat loss and slow or stop the corrosion process on equipment components by reducing condensation. According to Rheem, this would increase the life span and energy efficiency of their heaters, providing their customers with a higher quality product.
Laurie Scherock, President of Industrial Nanotech, commented on the testing, "We are very encouraged by the testing of the Nansulate Translucent coatings to provide greater value to existing products, delivering measurable results to our potential customers. The ability of our coatings to effectively reduce or eliminate corrosion due to condensation while insulating can lead to greater energy efficiency and heat loss reduction. We are confident that the testing will further establish Nansulate Translucent coatings' versatility and uniqueness as a superior thermal insulator with the benefits of corrosion protection."
Rheem Manufacturing Company was established in the mid 1920's and has been a trusted name in the United States for many years. Rheem currently distributes a full line of residential and commercial products worldwide. Their product lines include space heating units for homes, oil furnaces and air conditioners.
About Industrial Nanotech Inc.
Industrial Nanotech Inc. produces and sells Nansulate Translucent(tm), a line of high performance industrial coatings that insulate and protect against corrosion. The coatings are primarily designed for heavy industry, manufacturing and shipping markets. The Company is currently conducting nanoscience-related research in advanced materials, molecular self-assembly, and industrial applications at facilities in New Mexico, Colorado, and New Jersey. Products are available directly from the company or through a rapidly growing worldwide network of exclusive distributors.
For corporate and product information, please visit www.industrial-nanotech.com.
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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