NAPLES, Fla., Aug 16, 2010 (BUSINESS WIRE) -- Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanotechnology based energy saving solutions, reported today that halfway through the current fiscal quarter, 3rd Quarter 2010, revenue from sales to manufacturing customers to date has exceeded the best quarterly revenue numbers of any fiscal quarter since the Company's inception in 2004.
"In early 2010, we decided to increase our marketing to the manufacturing sector and it is now beginning to pay off in the form of record sales", states Stuart Burchill, CEO/CTO of Industrial Nanotech, Inc. "We assembled a catalog compiled of photographs and data that demonstrates the many successful applications of our Nansulate® energy saving technology at work in a broad range of industrial sectors. This compilation presented an overwhelming preponderance of evidence that our product line did exactly what we said it would do... pay for itself in as little as 7 - 12 months and provide an annuity-like return for the customers of real dollar energy savings year after year... plus protect equipment from corrosion, prevent damage from chemicals, and provide fire resistance. We began distributing this literature to large manufacturing companies throughout the US and abroad, including many of those on the Dow Jones Sustainability Indexes."
Mr. Burchill continues, "Our timing was fortunate. Corporations have started taking the task of reducing energy consumption and costs very seriously for both economic efficiencies and their increased sense of environmental responsibility. They are enthusiastic about the easy-to-use and very effective solutions we offer. The response has been tremendous, with an accelerated level of interest in, and a rapid adoption rate of, our technologies into their energy saving and sustainability programs."
Mr. Burchill concludes, "We believe Q3 2010 to date is a good indicator of the direction our revenues are headed."
The previous highest revenue per quarter was 1st Quarter 2008 with sales of $389,848.
See full catalogue with photographs and case studies at:
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. 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. Facebook: search 'nansulate'.
About Industrial Nanotech Inc.
Industrial Nanotech Inc. is a global nanoscience solutions and research leader and member of the U.S. Greenbuilding Council, the American Solar Energy Society, 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.
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.
For Industrial Nanotech, Inc. Investor Relations: Rob Karbowsky, 407-614-5953, firstname.lastname@example.org