Industrial Nanotech, Inc. Reports Significant Progress with India Sales Office
05 June 2012 - 10:00PM
Business Wire
Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global
leader in nanotechnology based energy saving and sustainable
solutions announced today that the Company’s plan to open a
Corporate sales office in India is making significant positive
progress. The company has already begun filling sales orders from
new India manufacturing customers and has forged an alliance with
an established equipment manufacturer in Bangalore who will act as
a sales representative and applicator. The Company is also
reviewing locations for warehousing and office space in
Bangalore.
“Since we began our plans to open a sales office in India, we’ve
made significant progress,” stated Francesca Crolley, VP of
Business Development for Industrial Nanotech, Inc. “Our marketing
efforts have already produced over $18,000.00 US in sales to
industrial manufacturers in India even before our office has
officially opened. The companies there are truly progressive when
it comes to energy savings, and have made it clear they are looking
for the solutions that our patented Nansulate® energy saving
coatings provide. Additionally, after a meeting with a Bangalore
based equipment manufacturer, we have forged a relationship where
their company will not only promote the coating to their current
clients, but also act as a sales representative and applicator for
Nansulate® in Southern India. This gives us a distinct advantage to
grow sales and lead generation prior to our office opening, and
should further accelerate our market penetration in this important
country.”
India's manufacturing sector kept up its steady expansion in
May, with fast-rising output evened out by slowing growth of
domestic order books. The HSBC manufacturing Purchasing Managers'
Index (PMI), compiled by Markit, slipped marginally to 54.8 in May
from 54.9 in April. It has stayed above the 50 mark, that separates
growth from contraction, for a little over three years now. The PMI
survey showed new export orders continued to grow at a strong pace
in May, despite economic and political strife taking hold in
Europe, one of India's main trading partners.
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.inanotk.com) and (www.nansulate.com).
Blog: www.nansulate.com/nanoblog, Twitter:
www.twitter.com/NanoPioneer, Facebook:
www.facebook.com/Nansulate.
About Industrial Nanotech Inc.
Industrial Nanotech Inc. is a global nanoscience solutions and
research leader and member of the U.S. Green Building Council. 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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