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Posted: December 4, 2007
Industrial Nanotech Announces Participation in Major Arctic Pipeline Project
(Nanowerk News) Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanotechnology, announced today that the Company is participating in a major arctic pipeline project estimated to span over 3000 miles.
"We were recently contacted by an international oil and gas company based in the US to provide a custom formulated version of our patented Nansulate coatings and specifications for the application of that coating to an arctic pipeline project which is estimated to cover over 3000 miles when completed," states Stuart Burchill, CEO/CTO of Industrial Nanotech, Inc. "Based on discussions with this new customer's engineering department, a review of our coating's performance capabilities, and our understanding of the demands presented by the arctic environments of Alaska and northern Canada, we are confident that our product can provide added value and performance benefits to this project." Mr. Burchill continues, "This is a complex undertaking and there are many more hurdles for both companies to cross before the project begins in 2010, but this clearly presents a major development in Industrial Nanotech's capture of market share in the oil and gas industry beyond our current 155 mile project with the Brazilian oil giant, Petrobras."
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, chemical resistance, 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, (http://www.industrial-nanotech.com) and (http://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.