Industrial Nanotech, Inc. Reports Updates in Saudi Arabia - Presentation to Petrochemical Producer & Invitation to Saudi Oil ...
22 December 2009 - 12:00AM
Business Wire
Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global
leader in nanoscience solutions, announced updates regarding Saudi
Arabia Distributor, Saudi Environmental Projects, Ltd., the new
exclusive distributor for Nansulate® energy saving and asset
protection coatings in Saudi Arabia. The Company will be assisting
with a presentation this week by Saudi Environmental Projects to
one of the top five petrochemical companies in the world. In
addition the Company’s CEO/CTO, Stuart Burchill, has been invited
by Saudi Environmental Projects to give a technical presentation
about the Company’s nanotechnology based industrial coatings and
their insulating and corrosion resistant capabilities at the Saudi
Oil and Gas Exhibition in January 2010.
The Chairman of Saudi Environmental Projects, Ltd., HRH Prince
Abdullah bin Mosaad Bin Abdulaziz Al-Saud, is one of the Kingdom's
prominent businessmen and industrialists. He is the founder and
chairman of the largest paper manufacturing and processing paper
industrial facilities outside the USA, Europe and Japan. He is the
Chairman and CEO of The Saudi Paper Manufacturing Group, which
includes the Saudi Paper Manufacturing Company, the Saudi Recycling
Company, and the Saudi Company for Environmental Enterprises. He is
active in other fields and activities in the trade, services and
investments sectors in Saudi Arabia and internationally. He travels
extensively and works with other prominent businessmen from around
the world to promote trade and understanding between Saudi Arabia
and the other countries.
“Saudi Environmental Projects will be giving a presentation this
week to the largest petrochemical producer in the region and one of
the top five petrochemical companies in the world,” stated
Francesca Crolley, VP of Business Development for Industrial
Nanotech, Inc. “We have provided the presentation material and will
be attending via teleconference. The client first contacted the
Company earlier this month to request a presentation on Nansulate®
technology after reading in the current issue of Global Processing
magazine about Henateks textile and how the company saved over
$460,000 USD in energy costs in 2008 due to implementation of
Nansulate® insulation and corrosion prevention coatings in their
facility at a cost of only $200,000 USD for product and $100,000
USD for installation.”
Ms. Crolley continued, “Additionally, Industrial Nanotech
CEO/CTO, Stuart Burchill, has received an invitation to attend
Saudi Oil, Gas & Petrochem 2010, held in Riyadh City January
17-20, 2010 to present Nansulate® solutions for the oil & gas
and petrochemical markets with Saudi Environmental Projects. In
attendance is expected to be representatives from Aramco, Sabic,
Gasco, and companies from China, Germany, United Kingdom, Italy,
France, Turkey, Egypt, Qatar, Kuwait, UAE and more. The four day
event will include conferences, workshops and exhibitions covered
by TV, newspapers and magazines with special reports and interviews
with exhibitors and visitors. Last year’s exhibition welcomed more
than 8,247 senior managers and purchasing decision makers.”
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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