Industrial Nanotech, Inc. Announces Second Quarter 2012 Sales of $402,107
23 July 2012 - 10:17PM
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 achieved a strong
increase in sales in the second quarter of 2012 with sales of
$402,107.47. The increased revenues were lead by international
sales of their Nansulate(R) industrial line of patented and award
winning coatings, which provide the combined benefits of energy
saving thermal insulation and protection of plant and equipment
against corrosion and severe service environments. Sales to oil
& gas industry and government building projects contributed to
the increase, as well as manufacturing facility orders both
internationally and in the United States. Consumer and commercial
orders for their Nansulate(R) EnergyProtect building insulation and
Nansulate(R) Crystal roof insulation coatings also contributed.
Second quarter 2012 sales represent an increase of 195% over second
quarter 2011 sales.
“We’re encouraged by our second quarter 2012 results, which we
believe continue to validate the strength of the Nansulate(R)
product line and its position as a leading versatile energy saving
technology, with unmatched characteristics of thermal insulation
and surface protection,” said Francesca Crolley, V.P. Business
Development Industrial Nanotech, Inc. “We’ve seen increased
demand in industry, particularly oil & gas, textile, and paper
manufacturing, as well as government projects for mold resistance
and lead encapsulation, and for our clear ‘cool roof’ coating in
both consumer and commercial markets. The U.S. market is also
beginning to show stronger resolve for energy savings in buildings
and factories and our domestic sales are also increasing as a
result. Our second quarter results and our favorable industry
trends are also due to the dedication and efforts of our
distributors and independent representatives worldwide who promote
Nansulate(R) energy saving and protective solutions in over 31
countries. We have a number of ongoing activities from which we
anticipate this strong growth to continue, including opening new
OEM markets, the launch of our new fast-cure Nansulate(R) Diamond
industrial insulation coating, and the addition of a number of
international distributors over the next few months. We anticipate
a continued strong increase in sales revenues as corporate
strategies initiated in 2010 and executed diligently over the past
two years begin to produce the intended results.”
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, 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.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.
Industrial Nanotech (PK) (USOTC:INTK)
Historical Stock Chart
From Jul 2024 to Jul 2024
Industrial Nanotech (PK) (USOTC:INTK)
Historical Stock Chart
From Jul 2023 to Jul 2024