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NAPLES, Fla. -- Industrial Nanotech, Inc., (Other OTC:INTK.PK
- News), a leader in the development and commercialization of nanotechnology related
products, reports an increased interest in Nansulate™ Translucent insulating
coatings by consumers due to the anticipated rise in energy costs. Nansulate™
Translucent provides superior thermal insulation protection in a thin, translucent
coating, as well as significant protection against corrosion and condensation. Industrial
Nanotech's coatings can be applied to the walls and attics in homes, office buildings,
or commercial facilities in order to reduce energy consumption. A recent report
from the U.S. Department of Energy indicates that home heating fuel prices could
rise as much as 21% this winter as natural gas, electricity and propane costs
are all rising. According to projections by the Energy Information Administration,
heating a home with natural gas could cost an average of about $1,200 this winter,
up from $1,000 last year. The most effective way to conserve energy used to heat
a home is for consumers to add insulation, reducing heat loss and heating bills. "Nansulate™
has superior thermal conductivity reduction abilities and we believe the benefits
to the 'Do-it-Yourself' market will become very evident this winter as heating
costs are expected to rise substantially. Our industrial customer base is familiar
with the benefits of energy savings and reduced corrosion of plants and equipment
provided by our products. Now, we see a surge of recognition for the huge potential
for Nansulate™ in the consumer marketplace worldwide and have seen a large
push by our South Korean distributors in this market with some fantastic results
which have prompted us to issue a Company Newsletter highlighting customer testimonials.
The consumer market has always been very important to our sales and marketing
efforts because the ability to generate immediate revenues from a high volume
of small orders complements our large industrial target markets that have longer
sales cycles and larger orders,'' commented Stuart Burchill, Chief Executive Officer
of Industrial Nanotech. About Industrial Nanotech Inc. Industrial
Nanotech Inc. participates in nanotechnology research and development with the
world's leading scientists and laboratories to create patented technologies and
products. The company produces and sells materials primarily for the heavy industry,
manufacturing and shipping market sectors worldwide. Several of the company's
products developed for industry have applications in the broader market and are
offered for sale to the general public. The Company is currently conducting nanoscience-related
research in advanced materials, molecular self-assembly, 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. |