Nansulate(R) Energy Saving Coatings Used for Government Sponsored Alternative Energy Efficient Housing Project in Western Austra
06 August 2008 - 10:00PM
Business Wire
Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global
leader in nanotechnology, today announced that the Company's
patented Nansulate� PT thermal insulation and corrosion resistance
coating has been incorporated into the first display home of a
LandCorp alternative housing project in Seville Grove, Western
Australia. The deal was finalized by the Company's Australian
distributor, Insulwest. The innovative new home was built by 20*20
Pty. Ltd. within 14 days as part of a Western Australia State
Government demonstration housing development. It is among a range
of houses built with alternative design and construction
techniques, which will be showcased at Revolution Road, due to open
to the public in coming months. The Planning and Infrastructure
Minister, Alannah MacTiernan, said the State Government was taking
creative action to address housing supply and access to the new
homes market and Revolution Road would showcase the possibilities
for new home buyers. Industrial Nanotech's patented Nansulate�
Translucent PT was applied to internal steel walls clad with
Gyprock to provide thermal insulation and benefit the integrity of
the total wall assembly. Using new materials, the project offers
Australian and international home buyers energy efficient,
affordable housing options. The construction company, 20*20 Pty.
Ltd., has committed to building over 500 of these homes over the
next 12 months. �This project provides an excellent example of how
new technologies can help reduce energy use while still providing
affordable and sustainable housing,� stated Francesca Crolley, V.P.
of Operations & Marketing for Industrial Nanotech, Inc. �We are
thrilled to have our Nansulate PT thermal insulation and corrosion
resistance coating included as an integral part of this alternative
housing project. We look forward to the new opportunities for
growth in this market as more governments back these types of
projects which tie together earth friendly and energy saving needs
with new technology solutions in an affordable package for the
greatest overall impact.� 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, and resistance to mold growth 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.
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