Industry News

KCM Ventures Become Exclusive Distributor of Nansulate Translucent in the United Kingdom and United Arab Emirates

Published on 2005-06-01. Author : SpecialChem

NAPLES, Fla. -- Industrial Nanotech Inc., (OTC: INTK - News), an emerging nanotechnology-based solutions provider, announced that KCM Ventures is set to begin offering its customers Nansulate(™) Translucent. This industrial coating utilizes nanotechnology to prevent Corrosion Under Insulation (CUI). Corrosion Under Insulation is said to account for more unexpected downtime than all other possible causes combined in the Oil and Gas industry.

Industrial Nanotech, Inc. entered into a formal agreement with KCM Ventures of Huddersfield, England to become the exclusive distributor of Nansulate Translucent in the UK as well as the United Arab Emirates through its offices in Dubai. KCM Ventures is a holding company which acquires the rights to products and technologies dealing with energy conservation and markets them throughout the United Kingdom and the United Arab Emirates. KCM Ventures has a proven track record of success, having sold over $3,000,000 of industrial coatings last fiscal year.

According to Ash Ashfaq, the Managing Director of KCM Ventures, Nansulate Translucent will be sold to large oil and gas refineries and chemical plants. One of the most valuable characteristics of Nansulate Translucent is the ability to visually check the substrate for corrosion without the insulation having to be removed due to the translucent color of the coating. It is believed that Nansulate can provide better thermal insulation protection and is a more economical than what is currently being utilized within these industries.

"Nansulate Translucent has the potential to become the 'cure' for CUI which is acknowledged as the most debilitating and expensive issue facing the Oil and Gas industry," commented Stuart Burchill, CEO of Industrial Nanotech, Inc. "In a conversation early this morning with Mr. Ashfaq, we discussed the significance of recent developments in the United Kingdom relating to the Kyoto treaty and its positive impact on the market potential for our product line of thermal insulation/corrosion resistant coatings. He informed me that the energy bills of companies throughout the United Kingdom have just been increased across the board by almost 40% as a result of the countries' participation in the Kyoto Treaty. This has forced companies to become even more proactive in energy conservation than they had been prior to the increase. Nansulate Translucent has demonstrated successful performance results relating thermal insulation with the additional benefits of corrosion protection."

About Industrial Nanotech Inc.

Industrial Nanotech Inc. produces and sells high performance coatings primarily designed for the heavy industry, manufacturing and shipping markets. The Company conducts nanoscience-related research in advanced materials and industrial applications at facilities in New Mexico, Colorado, and New Jersey. Products are available directly from the company or through a rapidly growing worldwide network of exclusive distributors.

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.

Source: Industrial Nanotech Inc.

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