Industrial Nanotech, Inc. Maintains Four Year Record of Triple Digit Year Over Year Revenue Growth Rate Into Fifth Year Despite
29 September 2008 - 10:00PM
Business Wire
Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global
leader in nanotechnology, announced today that the Company
continues to maintain its consistent record of triple digit revenue
growth despite the current economic conditions. �This year to date,
the Company�s annual year over year revenue increase is 174%,�
states Stuart Burchill, CEO/CTO of Industrial Nanotech, Inc. �The
average annual year over year revenue growth from 2004 through 2007
is 184%. Our original business model of creating a worldwide
presence in multiple diverse market sectors to create a
consistently increasing revenue stream which supports the Company�s
infrastructure necessary for the execution of the longer closing
cycle projects like our deals with Petrobras has proven to be
sound.� Mr. Burchill continues, �Our longer closing cycle major
projects continue to move towards fulfillment. In fact, we just
completed a week and a half of meetings with a team from Petrobras�
headquarters at our laboratory in NJ, the results of the meetings
were positive, and we will be providing an update to this project
as soon as we receive confirmation of several items the Petrobras
team needed to discuss with their associates upon their return to
Rio de Janeiro, Brazil, including their positive assessment of the
performance characteristics of our new Nansulate EPX.� 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. Nansulate(R) EPX
is the Company's newest addition to their patented line of
nanotechnology-based coatings which has a four year track record of
providing energy and cost saving solutions for industry and
homeowners worldwide. Nansulate(R) EPX-4 is a water-based epoxy
system that combines superior thermal insulation with excellent
corrosion protection, chemical resistance, and flame resistance,
making it a unique and powerful protective coating for a wide
variety of industrial and commercial plant, equipment, and building
applications. The coating can be applied from 1/8" thick to several
inches thick. Additional information is available at
www.Nansulate.com. 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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