NAPLES, Fla., Sept. 22, 2005 (PRIMEZONE) -- Industrial Nanotech Inc. (Pink Sheets:INTK) announced today that the Company's Nansulate Translucent insulation and corrosion inhibiting coatings are currently being tested by RefPlus Ltd., a subsidiary of Dectron Internationale (Nasdaq:DECT) and leading manufacturer of HVAC equipment. The evaluations being performed are to determine the ability of Nansulate to reduce heat loss and the formation of condensation on equipment, thereby reducing energy costs and extending service life of equipment.
The tests were arranged by Mobeq Industrial Products, Ltd., based in Ontario, the Company's Canadian distributor. Ref-Plus manufactures a complete line of refrigeration and HVAC products and provides an array of custom heating and cooling coils for commercial, industrial, and OEM applications. The Company has two state-of-the-art manufacturing facilities and has created specialty products and custom refrigeration packages for clients such as Merck, Frost, Pfizer, Sobeys and Great A&P.
Gil St Jean, President of Mobeq, commented, "I am confident that Nansulate can reduce energy and maintenance costs for heating and cooling equipment and look forward to working with RefPlus. In the future, we will pursue other industries and applications where we believe Nansulate can increase energy efficiency and reduce costs."
Stuart Burchill, Chief Executive Officer of Industrial Nanotech, commented, "The Refco evaluations of Nansulate are very encouraging and we believe that these and other recent tests will demonstrate that our coatings are an excellent solution to reduce heat loss and condensation on heating and cooling equipment. This is one of the many positive developments that Industrial Nanotech has experienced in the third quarter as we have seen steady sales increases in both the retail and commercial sectors and anticipate reporting our strongest sales quarter to date."
About Industrial Nanotech Inc.
Industrial Nanotech Inc. produces and sells Nansulate Translucent, 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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