Industrial Nanotech, Inc. Announces Energy Saving Project with Textile Manufacturer, Coats Bulgaria EOOD
13 January 2010 - 2:05AM
Business Wire
Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging
global leader in nanoscience solutions, announced today that the
Company’s exclusive distributor for Turkey, Kolorgen Ltd., has
completed an agreement with Coats Bulgaria EOOD for the application
of the Company’s Nansulate® patented thermal insulation coatings to
increase energy efficiency in their plant. Coats Bulgaria has
approved application of Nansulate® Translucent High Heat and
Nansulate® EPX to all their dyeing machinery, steam collectors,
steam valves, heat exchangers and hot water pipes. The project
began in December 2009, and the first order for the project has
been delivered. This is the second Coats textile plant to use
Nansulate®.
Eng. Emil Dinev, Maintenance Supervisor for Coats Bulgaria
answered questions on why they chose Nansulate®, “The reason was
our desire to decrease energy costs by using Nansulate to save
money in the future. We know Nansulate to be ecologically clean,
i.e. `green technology', it can be applied easily to prevent
corrosion, and it does not occupy additional space. (We are) simply
replacing our current insulation materials, some of which are
dangerous to human health. Energy saving is a very
important issue for Coats Bulgaria because it affects the
environment and reduces harmful emissions into the atmosphere and
protects the global climate from global warming, and also provides
comfort at the workplace and saves a lot of money.”
“Kolorgen has been working with Coats throughout 2009 to
continue to introduce Nansulate® technology to many of the Coats
facilities,” stated Francesca Crolley, V.P. Business Development,
Industrial Nanotech, Inc. “With the strength of energy saving data
from their own plants, as well as that from others in their
industry, we are now seeing more of these projects materialize from
that work. Nansulate offers substantial energy savings
for manufacturers. In 2008 one manufacturing client alone saved
over $460,000 by installing Nansulate coating on their equipment at
a product cost of only $200,000. As companies continue to invest in
cost saving initiatives, we expect Nansulate to be a key product
they will use to reduce energy consumption and carbon
emissions.”
Coats Plc is the world's largest sewing thread and
needlecraft supplies manufacturer, processor and distributor, with
22,000 employees in 71 countries around the world.
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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