Industrial Nanotech, Inc. Announces Agreement with OEM Solar Manufacturer, Total Energy Care™, to Incorporate Nansulate® S...
23 December 2009 - 12:00AM
Business Wire
Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global
leader in nanoscience solutions, today announced the completion of
an agreement with Total Energy Care™ (TEC) to represent their
patented Nansulate® Solar thermal insulation and energy saving
coating in Canada for retrofitting energy systems in
existing buildings and in new build construction. The agreement
includes use of Nansulate® Solar product within the solar thermal
and thermal storage industries in Canada.
TEC’s President, Steven Burke, has committed to using Nansulate®
on all solar thermal panels manufactured at their new plant. Mr.
Burke explains, “Because of the amazing thermal resistance
properties shown by Nansulate®, by applying it on all five of the
metal surfaces within a flat plate solar thermal panel, we expect
as much as a 20% to 30% increase in the efficiency over traditional
insulation used in this industry. The effect of reduction in loss
of heat captured from the sun and held in thermal storage tanks
promises to be even more profound. And these are huge advantages in
the marketplace!”
TEC’s strong sales growth plan includes increasing their sales
force from 60 to approximately 200 reps by the middle of 2010. Mr.
Burke continues, “We can reasonably approach not only the hot water
market but also that of space heating, as the end result is a
product approaching the efficiency formerly only available from
evacuated tube panels, but at a much lower cost. Solar thermal flat
plate collectors are far less expensive to manufacture than their
airless competitors. At approximately 40% of the cost of buying
evacuated tube solar thermal systems (wholesale price), this means
that a product using flat plate panels will produce heat for far
less per BTU than evacuated tube.”
TEC is opening a new facility for manufacturing solar thermal
panels and thermal storage tanks which will employ more than 50
individuals. The facility will be headed by engineer Brian Slack,
who has won awards for increasing efficiency at an American
Corporation's plant in South Western Ontario.
This will be the second OEM application for solar thermal
equipment in which the coatings have been specified. Industrial
Nanotech previously announced that their patented Nansulate® Solar
thermal insulation coating will be incorporated into all new solar
water heater systems by Asian manufacturer First Energy Solution to
insulate and increase efficiency.
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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