Industry News

Industrial Nanotech Selects Distributors for its Nansulate® Protective Coatings in China

Published on 2011-12-16. Author : SpecialChem

Industrial Nanotech, Inc., an emerging global leader in nanotechnology based energy saving solutions, announced that the Company has entered into an agreement with Beijing Woven Energy Efficiency Technologies Ltd. to serve as exclusive distributor in China for key strategic vertical markets. Woven will focus on the petrochemicals/oil & gas, food and beverage manufacturing, and construction markets for Industrial Nanotech, Inc.'s patented Nansulate® product line of thermal insulation and protective coatings. Beijing Woven Energy Efficiency Technologies Ltd,. specializes in marketing and selling building and industrial insulation products and providing project installation services throughout the China market. Since its inception in 2007, Beijing Woven Energy Efficiency Technologies Ltd. has enjoyed rapid growth within China's booming construction industry.

"China's focus on sustainable development and minimizing energy costs across industries means that products, technologies and operational processes such as Woven's will be in great demand for years to come," stated Vida Zhang Fargis, Director of International Division, Beijing Woven Energy Efficiency Technologies. "The new initiative from the Chinese government for retrofitting non-insulated, pre-1980's buildings and the mandate from the Ministry of Public Security for A-level fire resistant building insulation materials will be an excellent opportunity for Nansulate solutions during the next decade. We have a highly dedicated team with an insulation focused portfolio that has now expanded into new industrial areas beyond our core expertise in the building industry. With the strong support from Industrial Nanotech Inc., Woven will drive distribution through our nationwide network across the targeted vertical industries."

Francesca Crolley, V.P. Business Development for Industrial Nanotech, Inc., explains, "Beijing Woven is an impressive company with experience and success introducing international products to the market in China and rapidly expanding their market share. This is exactly the type of distributor we have been looking for to promote our unique energy saving and protective solutions to this important market. They have an existing, well established and proven network of experienced distributors throughout China and have already begun introducing Nansulate to this network, which will significantly increase the rate of adoption in China to these key industrial and commercial sectors. The international market for Nansulate has been a strong one since the beginning and now that we have secured a prominent business organization in China as our distributor, we expect international sales to increase dramatically in the coming year."

China's economy has been one that, according to an Associated Press story, major international companies have shifted focus to as they experience growth there while other markets have contracted. China's 12th five-year plan (2012-2017) has a targeted annual GDP growth rate of 7% and the development of renewable energy, with an investment of $640 billion, to constitute 15% of China's energy needs by the year 2020, building housing for 36 million families and the promotion of social equity and rural development.

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.

About Industrial Nanotech Inc.

Industrial Nanotech Inc. is a global nanoscience solutions and research leader and member of the U.S. Greenbuilding Council 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.

Source: Industrial Nanotech

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