NAPLES, Fla., Aug. 14, 2006 (PRIMEZONE) -- Industrial Nanotech (Pink Sheets:INTK), a company that specializes in nanotechnology innovation and product development, today announced that Petrobras, based in Rio De Janeiro, Brazil will begin utilizing the Company's Nansulate High Heat coating in its maintenance program due to its insulation and anti-corrosive properties. Potential applications for Nansulate include oil and gas pipelines, refinery equipment, and offshore facilities.
This development is a result of a recent series of meetings between the oil and gas giant and a South American representative of Industrial Nanotech. Petrobras, short for Petroleo Brasileiro S.A., is a government-owned Brazilian oil company that is one of the fifteen largest oil companies in the world, leading the oil and gas sector in the development of the most advanced deepwater and ultra-deep water technology for oil production. The company controls oil and power industries assets and related business activities in 16 nations throughout Africa, North America, South America and Asia.
"This is the beginning of a good business partnership between Petrobras and Industrial Nanotech," according to Joao Hipolite, Assistant to Petrobras' Director of Pipelines and Terminals.
About Nansulate(tm)
Nansulate is a product line of water-based translucent insulation coatings containing a nanotechnology-based material. Nansulate PT is a direct to metal coating for pipes, tanks and other metallic substrates and Nansulate GP is a general purpose formulation designed for wood, fiberglass and other non-metal 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. The coatings' ability to resist mold, prevent corrosion and provide thermal insulation is well-documented.
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
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