NAPLES, Fla., April 20, 2010 (BUSINESS WIRE) -- Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanoscience energy saving solutions, today announced that the Company has been approved as a member of the U.S. Department of Energy's (DOE's) Industrial Technologies Program Save Energy Now as an ALLY organization. Save Energy Now is a national initiative that aims to drive a reduction of 25% or more in industrial energy intensity in 10 years. To achieve this ambitious goal, DOE's Industrial Technologies Program is partnering with Save Energy Now LEADER Companies and Save Energy Now ALLY Organizations.
"For many years, we have worked closely with manufacturers to assist them in reducing energy costs on a daily basis," explained Francesca Crolley, V.P. Business Development for Industrial Nanotech, Inc. "As a member of the Save Energy Now ALLY program, we can offer these manufacturers more tools and assistance from the U.S. Department of Energy's Industrial Technology Program to help them meet their goals of reduced costs and increased efficiency. We can support the goals of reduction of 25% or more industrial energy intensity by assessing areas in factories and facilities where our nanotechnology based Nansulate® coatings can be used to insulate steam pipes, boilers, building envelope, roofs, and other areas. Nansulate® reduces energy used for heating and cooling as well as for heat processes used in manufacturing. Our technology has a well documented and proven track record of reducing energy costs in factories by 10% to 20% or more, and we look forward to helping more companies achieve those savings and become Save Energy Now LEADER companies. Reducing energy consumption across the nation is vital to our future, and we are proud to be working with the U.S. Department of Energy to achieve these goals through the Save Energy Now program."
In 2008, manufacturing client Henateks, a textile manufacturer for Nike, Adidas and other apparel companies, used Nansulate® insulation coatings throughout their plant on heat exchangers, dye machines, steam boilers and other heat process equipment, and documented reduced energy savings of 20% due to use of the coatings. This equated to a savings of over $460,000 USD and reduced liquid natural gas (LNG) consumption by 1,980,943 m3. Their payback period was less than one year.
For more information on DOE's efforts to reduce industrial energy intensity, visit the Save Energy Now Web site at: http://www1.eere.energy.gov/industry/saveenergynow/.
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, fire resistance, 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.industrial-nanotech.com) and (www.nansulate.com). Blog: www.nansulate.com/nanoblog, Twitter: www.twitter.com/NanoPioneer. Search 'nansulate' on Facebook.
About Industrial Nanotech Inc.
Industrial Nanotech Inc. is a global nanoscience solutions and research leader and member of the U.S. Greenbuilding Council and the American Solar Energy Society. The Company develops and commercializes new and innovative applications for 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.
SOURCE: Industrial Nanotech, Inc.
ContactsFor Industrial Nanotech, Inc. The Cervelle Group, LLC Investor Relations: Rob Karbowsky, 407-614-5959, ext. 227 firstname.lastname@example.org.