Industrial Nanotech, Inc. Enters Textile Plant Market in Brazil - Plans Rapid Expansion to China and India
05 February 2008 - 12:30AM
Business Wire
Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global
leader in nanotechnology, announced the expansion of the Company's
textile manufacturer customer base from Turkey to textile plants in
the region of southern Brazil and plans for an aggressive expansion
in this industry sector to China and India. Dr. Carlos Peiter, the
head of Industrial Nanotech's technical team in Brazil, reports,
"Last Monday�I visited two textile manufacturers in the city of
Blumenau and both are very interested... the�larger company
TEKA�shows concrete interest on making a pilot experiment on dyeing
equipment." Francesca Crolley, VP of Operations for Industrial
Nanotech, continues: �Led by our very capable representative, Dr.
Vedat Bilgin, we have continued to expand the market share for our
patented Nansulate energy saving, corrosion protection coatings in
the textile market in Turkey over the past two years, including the
latest textile mill project with DEBA requiring approximately
14,400 gallons, valued at over $1,000,000 US, and for which we are
currently preparing to ship the first of 10 monthly shipments
beginning in March. The credibility this has established for our
technology as an effective method to provide significant energy
cost savings and plant and equipment corrosion protection has
expedited Dr. Peiter's entry into the Brazilian market.
Additionally, we are currently preparing teams to begin an
aggressive sales program within both China and India, including
producing sales and technical literature and presentations
translated into the languages of these regions rich in
opportunities for our Company and products." The unique
formulations of the Company�s patented Nansulate� nanotechnology
based coatings have a well documented track record of energy cost
savings and production improvement for textile facilities
including: Erenko Textile used Nansulate High Heat throughout their
textile dyeing and finishing plant for thermal insulation and
corrosion protection of dyeing machines which operate at 130
degrees C. Documented results include a decrease in energy costs of
20%, increased process and dye lot color stability, increased
product quality, decreased re-work, increased process
reproducibility, increased machine metal parts lifetime due to
increased protection against corrosion, increased usable lifetime
of cold water and steam valves, decreased dyeing lot process times.
Another large dyehouse, located in the Trakya region of Turkey,
which manufactures products for clientele including two of the
largest sports apparel manufacturers in the world, used Nansulate
High Heat on all dyeing machine heat exchangers. After monitoring
closely their consumption of LNG (liquified natural gas) for a
period of 5 months, they documented an energy savings of more than
20%. From this data, the company calculates that their savings are
approximately $40,000.00 USD per month in energy costs and, based
on this data, have contracted to have other areas throughout the
factory coated with Nansulate� Henateks, a third textile plant in
Turkey, applied Nansulate High Heat to their dyeing machines and
other heat related areas including furnace openings, valves, dryers
and other areas where conventional insulation cannot be used. After
the first four months into the project their energy costs were
decreased by 10% and after six months that decrease was raised to
16%. After project completion the minimum annual energy cost
reduction was 20%, equal to approximately $580,000.00 US, and they
achieved a significant reduction in carbon emissions. About
Nansulate(R) Nansulate(R) is the Company's patented product line of
specialty coatings containing a nanotechnology based material and
which are well-documented to provide the combined performance
qualities of thermal insulation, corrosion prevention, resistance
to mold growth, and lead encapsulation in an environmentally safe,
water-based, coating formulation. The Nansulate(R) Product Line
includes both industrial and residential coatings. About Industrial
Nanotech Inc. Industrial Nanotech Inc. is quickly emerging as a
global nanoscience solutions and research leader. The Company
develops and commercializes new and innovative applications for
nanotechnology. Additional information about the Company and its
products can be found at their websites,
(http://www.industrial-nanotech.com) and
(http://www.nansulate.com). 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.
Industrial Nanotech (PK) (USOTC:INTK)
Historical Stock Chart
From Jul 2024 to Aug 2024
Industrial Nanotech (PK) (USOTC:INTK)
Historical Stock Chart
From Aug 2023 to Aug 2024