Industrial Nanotech, Inc. Announces Revenue for Q3 2010: Approximately $1,036,047.00 US
06 October 2010 - 10:57PM
Business Wire
Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global
leader in nanoscience energy saving solutions, today announced that
the sales revenue for the 3 month period ending September 30, 2010
was $1,036,047.00 US.
“The change in the economic conditions that we all experienced
in 2009 forced us to rethink, revise and retool our strategy and
supplement the reduced revenue from the homeowner Do-It-Yourself
market with increased focus on the longer sales cycle major
industrial corporations,” states Stuart Burchill, CEO/CTO of
Industrial Nanotech, Inc. “Fortunately, we had spent the previous
five years diligently and methodically establishing proof of the
value added proposition that our technology provides to industries
around the world, including the fact that it pays for itself in
typically 6-18 months by significantly reducing energy consumption
and improving critical sustainability initiatives. Our patented
Nansulate product line of award winning, energy saving protective
specialty coatings containing a nanotechnology based material 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.”
Mr. Burchill continued, “Armed with an innovative, sustainable
product line and solid data to back up its extraordinary
performance and case studies of companies saving more in just the
first year than the product cost them, plus the additional savings
year after year, we just worked harder and smarter to get the
message out to major global industrial companies and the results
are testimonial to our strategy. Our technology simply offers value
in cost savings, energy savings and carbon footprint reduction
which companies are recognizing and implementing. We have reason to
be optimistic about both the near term and long term likelihood of
continued growth and success and we look forward to continuing to
serve our customers well and enhance our shareholder value.”
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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