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Posted: November 5, 2007
Industrial Nanotech Announces Start Date for BioFuel Refinery Project
(Nanowerk News) Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanotechnology, announced today that its Oklahoma-based distributor, Pioneer Builders, will begin delivery before the end of 4th Quarter 2007 of more than 800 gallons of the Company's patented thermally insulating and corrosion resistant coating, Nansulate®, to the new biofuel facility being built by Greenlight Biofuels, Ltd. Pioneer Builders will apply the nanotechnology-based coating on large tanks, lines, and other refinery equipment being installed in the new facility.
"Industrial Nanotech will be producing an educational video documentary of this application for other biofuel facilities currently evaluating the best use of our coatings," states Francesca Crolley, V.P. Operations & Marketing. "This application of Nansulate to the Greenlight Biofuels facility represents a milestone for both the biofuel refinery construction industry and our Company in a market sector that is critical to creating economically and environmentally responsible fuel sources. Nansulate® can significantly increase the efficiency and lifespan of plant and equipment at biofuel facilities, lowering their production costs, and offering a clean, earth friendly solution to issues of thermal insulation and corrosion protection that many facilities face daily. We anticipate that this is just the first of many similar projects."
Nansulate® is the Company's patented product line of specialty coatings containing a nanotechnology based material and which are well-documented to provide thermal insulation, prevent corrosion, resist mold, and encapsulate lead. The Nansulate® Product Line includes both industrial and residential coatings.
About Industrial Nanotech Inc.
Industrial Nanotech Inc. is quickly emerging as a global nanoscience solutions and research leader. The Company develops and commercializes new and innovative applications for nanotechnology. Additional information about the Company and its products can be found at their websites, (www.industrial-nanotech.com) and (www.nansulate.com).
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.