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Posted: October 29, 2007
New Green Building Regulations in the United Arab Emirates Provide Opportunities for Industrial Nano(...)
(Nanowerk News) Industrial Nanotech, Inc. (Pink Sheets:INTK - News), an emerging global leader in nanotechnology, announced today that new guidelines issued recently by the Dubai government will require all new construction in Dubai to comply with state-mandated standards for energy and environmental efficiency beginning in January 2008. The Company’s exclusive distributor in the U.A.E., Al Samah Company, began work earlier this year with commercial developers to certify the company’s nanotechnology-based coatings for energy efficient Green Building standards.
The new policy gives Dubai the distinction as the first Middle Eastern city to require all new buildings to be energy efficient and one of the first in the world. An energy efficient building, according to the U.S. Green Building Council, must save 70 percent on electricity, 50 to 60 percent on water and 36 percent of energy compared to standard edifices.
“It is estimated that there is approximately 100 billion dollars of construction either under way or planned in Dubai, UAE. The groundwork that our distributor, Al Samah, has been laying in the U.A.E. will allow our Nansulate coatings to be incorporated into their green construction standards in this region and provide a precedent for other countries around the world,” states Francesca Crolley, V.P. of Operations & Marketing for Industrial Nanotech, Inc. “We are now positioned to make a major impact on green building construction as more regulations like these are enacted in cities around the globe.”
About Industrial Nanotech, Inc.
Industrial Nanotech Inc. is rapidly emerging as a global nanoscience solutions and research leader. The Company develops and commercializes new and innovative applications for nanotechnology. Industrial Nanotech, Inc. is a member of the U.S. Green Building Council. Additional information about the Company and its products can be found at their websites www.industrial-nanotech.com and www.nansulate.com.
Nansulate(R) is the Company's patented product line of 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 and lead encapsulation in an environmentally safe coating formulation. The Nansulate(R) Product Line includes both industrial and residential coatings.
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.