Industrial Nanotech Releases 2008 Energy Saving Report by International Textile Manufacturer Henateks
10 November 2009 - 12:00AM
Business Wire
Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global
leader in nanoscience solutions, today announced the company’s
Turkish distributor, Kolorgen Ltd., has received a final report on
the 2008 energy savings from a study by textile manufacturer
Henateks Boya ve Apre Sanayi Tic. A.S. (Henateks.com) on the
performance of the Company’s patented Nansulate®
nanotechnology-based thermal insulation coatings. The results show
that Henateks’ plant reduced their energy consumption overall by
20%, reduced use of liquid natural gas by 1,097,447 m3 and saved
over $460,000.00 USD in the fiscal year 2008 by applying Industrial
Nanotech’s patented Nansulate® insulation and corrosion prevention
coatings throughout their facility to insulate dye machines, steam
boilers, heat exchanger, steam lines, and other heat processing
equipment. The cost of the Nansulate® product they used was only
$200,000 US and the cost of application of the product was
approximately $100,000 US. It is anticipated that their annual
savings will increase to nearly $750,000 US per year when economic
conditions improve and the plant is operating at full capacity. A
copy of the report can be downloaded from:
http://www.nansulate.com/pdf/Heneteks_2008savings.pdf
“Henateks first decided to give our unique insulation technology
a try back in October of 2006,” explained Francesca Crolley, V.P.
of Business Development for Industrial Nanotech, Inc. “Their story
is a familiar one to us. After initial disbelief that a thin film
insulation like Nansulate could perform, they decided to try it
and, after experiencing the significant energy and cost savings for
themselves, they have now become one of the most vocal supporters
of the technology. They have even stated on their corporate website
that they are proud to be one of the first major textile companies
to implement heat insulation using nanotechnology. Their reported
savings of 20% is significant, not only in the huge dollar cost
savings, but also in the reduction of carbon emissions. The results
documented by their study are a perfect example of what Nansulate
technology can do for every company and every homeowner on the
planet, providing both a significant financial benefit and helping
to reduce global warming and energy consumption. Since their study
has been available on our website, it has been the number two most
requested download, second only to the product application
instructions. This is clearly of great value to companies around
the world looking for effective cost and energy saving
solutions.”
In an interview with Tekstil & Teknik Magazine in April of
2008, Henateks’ General Manager, Eyup Sozdinler, explained their
first perception, "At first, the idea of offering heat insulation
via a thin layer was absurd. However, we decided to try." After
their initial success applying Nansulate® Translucent High Heat to
all their uninsulated surfaces, such as heat exchangers and dyeing
machines, they decided to remove the fiberglass insulation on their
steam boilers and piping and replace it with the
nanotechnology-based coating. Mr. Sozdinler added, "Because of
global warming, our duty is to make use of energy as efficiently as
possible; wasted energy is wasted national wealth. This is why I
highly recommend this Nansulate® technology to all of the textile
industry and other heat using industries."
About Henateks
Henateks produces 10,000 tons of fabric dyeing and finishing for
global giants such as Nike, Tommy Hilfiger, Puma, Adidas and Reebok
and is one of the leading companies of Turkey.
About Nansulate(R)
Nansulate(R) is the Company's patented product line of award
winning, 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, fire resistance, chemical resistance and
lead encapsulation in an environmentally safe, water-based, coating
formulation. The Nansulate(R) Product Line includes industrial,
residential, agricultural and solar thermal insulation coatings.
Additional information about the Company and its products can be
found at their websites, (www.industrial-nanotech.com) and
(www.nansulate.com). Blog: www.nansulate.com/nanoblog, Twitter:
www.twitter.com/NanoPioneer.
About Industrial Nanotech Inc.
Industrial Nanotech Inc. is a global nanoscience solutions and
research leader and member of the U.S. Greenbuilding Council and
the American Solar Energy Society. The Company develops and
commercializes new and innovative applications for nanotechnology
which are sold worldwide.
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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