NAPLES, Fla., May 17, 2011 (BUSINESS WIRE) -- Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanoscience energy saving solutions, announced today that they have received a 320 gallon order from Prozinco, the industrial contractor who had previously been awarded the bid to install the Company's patented Nansulate® Translucent PT coating on an oil pipeline at the Porto Refinery owned by Galp Energia. This order was also for the Nansulate® Translucent PT product for insulation and corrosion prevention.
"Prozinco is a large and well known industrial contractor in their region who works with industrial painting, corrosion prevention, and civil construction projects, " stated Francesca Crolley, V.P. of Business Development for Industrial Nanotech, Inc. "Their company won the bid last year and installed our coatings on a pipeline at the Porto Refinery, which introduced Prozinco to our technology. Their list of clients includes: Dow Portugal, Petrogal, Renault, and Shell, among many others. We look forward to this continuing relationship which is of great benefit for Industrial Nanotech in this region as they work with many companies looking for solutions for insulation of large tanks, pipelines and similar structures. Nansulate® coatings provide a unique benefit for insulation and protection of equipment and stand up extremely well to exterior environments and weathering, requiring no exterior cladding, which can be very expensive to install. We look forward to more work in this region, including another upcoming project at the Porto Refinery on four fuel oil tanks, which is estimated at 2,973 gallons for this project, and for which Nansulate® is the specified insulation."
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:www.facebook.com/Nansulate.
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.
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.