NAPLES, Fla., April 26, 2006 (PRIMEZONE) -- Industrial Nanotech, Inc. (Pink Sheets:INTK) is pleased to introduce the Company's newest industrial coating, Nansulate LDX, designed for the encapsulation of lead-painted surfaces. In-house laboratory test data has demonstrated that this new coating provides positive encapsulation of lead paints. Nansulate LDX is the latest product to be added to the Company's line of patented nanotechnology based protective coatings and is a cost-effective and easy-to-use coating that provides a solution to the abatement of lead by means of encapsulation, the process of making lead-based paint inaccessible by providing an overcoat barrier.
Nansulate LDX provides the same well-documented combination of performance benefits offered by all of the Company's coatings: thermal insulation, protection against corrosion, and mold resistance. The Company is currently moving to obtain any certifications required by state and federal regulatory agencies where necessary.
"The performance capabilities of our new environmentally safe, water based, lead abatement coating offer a new technology in lead abatement that can be applied to any substrate, forming a barrier coat to seal highly toxic lead paints," explained Mark Chosney, Director of Corporate Sales. "In comparison to traditional elastomeric lead encasement coatings, Nansulate insulates, arrests corrosion, and inhibits the growth of mold and condensation with no toxic moldicide additives. The ease of application, the performance criteria and surface tolerance should catapult Nansulate to an Industry Standard as the premier lead abatement coating throughout the world."
The dangers of lead-based paint have become the object of multiple state and federal mandatory health regulations. Approximately 75% of homes built prior to 1978 contain lead-based paint. According to a U.S. Environmental Protection Agency (EPA) estimate, lead abatement costs for residential units nationwide were approximately $570 billion with another $500 billion estimated for the cleanup of commercial facilities. Within the past fifteen years, encapsulation as an abatement technique has surfaced and has become a cost-effective alternative solution, typically costing between 50 to 80% less than the cost of lead paint removal and replacement.
"With ongoing research and development applying nanotechnology to paints and coatings, Industrial Nanotech is emerging as a world leader in performance coatings with a strong focus on preserving and protecting the environment. Nanotechnology, as applied to coatings, will take the Paint and Coatings Industry to levels where no paint manufacturer has gone before," continued Chosney.
About Nansulate(tm)
Nansulate(tm) is a water-based translucent insulation coating containing a nanotechnology based material. The coating's ability to resist mold, prevent corrosion and provide thermal insulation is well-documented. The Company and its licensed distributors distribute Nansulate(tm) products worldwide.
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 by participating 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.