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Posted: January 7, 2008
Industrial Nanotech, Inc. Reports 300% Increase In Sales of Energy Saving Nansulate HomeProtect
(Nanowerk News) Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanotechnology, today announced a record increase in sales to homeowners for the six months ended December 31, 2007 for its Nansulate® HomeProtect Thermal Insulation & Mold Resistance coatings.
"While all of our brands posted respectable positive sales increases for 2007, our HomeProtect product line sales reached new heights with robust triple digit growth over 2006 and the second half of '07 showing a 300% increase in growth over the first half of '07," said Francesca Crolley, V.P. of Operations & Marketing. "The recent increases in the price of oil, as well as mounting concern about climate change, has made green building and energy conservation a high priority worldwide. More pertinent to homeowners is the need to find cost effective ways to save money by reducing energy bills. Our marketing campaign for our HomeProtect coatings is obviously beginning to take root, with a recent mention in Woman's Day Magazine and upcoming press in various builders and home improvement publications. A sample of customers' positive responses to our product's effectiveness and case studies can be found at our product website, www.nansulate.com. We have the right product at the right time and the dramatic increase in HomeProtect sales is an indicator that the public is quickly recognizing the very real benefits of our energy saving technology."
Nansulate HomeProtect Clearcoat is a patented, clear, waterbased, environmentally safe coating that can be painted over existing paint colors without changing the color and provides energy savings by reducing heat loss through walls, ceilings, and attics.
Nansulate® 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, and resistance to mold growth in an environmentally safe, water-based, coating formulation. 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.