Industrial Nanotech, Inc. Announces the Development of Extreme High Temperature Coating for High Pressure Steam Pipeline in S...
19 July 2010 - 10:30PM
Business Wire
Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global
leader in nanotechnology based energy saving solutions, reported
today that the Company has successfully developed a nanotechnology
based thermal insulation coating capable of being applied to
surfaces of at least 1000 degrees Fahrenheit, “Nansulate® Extreme
High Heat”. The product was developed as a result of a request by
Saudi European Petrochemical Company, IBN ZAHR, a customer of the
company’s exclusive distributor in Saudi Arabia, Saudi
Environmental Projects, Ltd, to insulate a 2.1 mile pipeline
transporting high pressure steam.
“To date, we have successfully tested the coating on surfaces
with temperatures up to 1004 degrees Fahrenheit (540 degrees
Celsius).” states Stuart Burchill, CEO/CTO of Industrial Nanotech,
Inc. “We have reason to believe the coating can also be used on
surfaces with temperatures up to 1500 degrees Fahrenheit and will
finish our due diligence in that extraordinarily high temperature
environment over the next few months. Regardless of that outcome,
the performance qualities of the product are more than satisfactory
to meet the challenge presented to us in April of this year by our
representatives in Saudi Arabia, Saudi Environmental Projects, Ltd.
This opens up a whole new market to us which few, if any, other
companies can pursue.”
The Saudi European Petrochemical Company, IBN ZAHR, is an
affiliate of the Saudi Basic Industries Corporation (SABIC). SABIC
is one of the world’s five largest petrochemicals
manufacturers and the largest and most profitable non-oil company
in the Middle East.
About Nansulate®
Nansulate® 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® 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, Search ‘Nansulate’ on Facebook.
About Industrial Nanotech Inc.
Industrial Nanotech Inc. is a global nanoscience solutions and
research leader and member of the U.S. Greenbuilding Council, the
American Solar Energy Society, and an official ALLY organization
with the U.S. Dept. of Energy "Save Energy Now" program. The
Company develops and commercializes new and innovative applications
for sustainable 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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