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Posted: February 4, 2008
Industrial Nanotech Enters Textile Plant Market in Brazil - Plans Rapid Expansion to China and India
(Nanowerk News) Industrial Nanotech, Inc. (Pink Sheets:INTK) announced the expansion of the Company's textile manufacturer customer base from Turkey to textile plants in the region of southern Brazil and plans for an aggressive expansion in this industry sector to China and India.
Dr. Carlos Peiter, the head of Industrial Nanotech's technical team in Brazil, reports, "Last Monday I visited two textile manufacturers in the city of Blumenau and both are very interested... the larger company TEKA shows concrete interest on making a pilot experiment on dyeing equipment."
Francesca Crolley, VP of Operations for Industrial Nanotech, continues: “Led by our very capable representative, Dr. Vedat Bilgin, we have continued to expand the market share for our patented Nansulate energy saving, corrosion protection coatings in the textile market in Turkey over the past two years, including the latest textile mill project with DEBA requiring approximately 14,400 gallons, valued at over $1,000,000 US, and for which we are currently preparing to ship the first of 10 monthly shipments beginning in March. The credibility this has established for our technology as an effective method to provide significant energy cost savings and plant and equipment corrosion protection has expedited Dr. Peiter's entry into the Brazilian market. Additionally, we are currently preparing teams to begin an aggressive sales program within both China and India, including producing sales and technical literature and presentations translated into the languages of these regions rich in opportunities for our Company and products."
The unique formulations of the Company’s patented Nansulate® nanotechnology based coatings have a well documented track record of energy cost savings and production improvement for textile facilities including:
Erenko Textile used Nansulate High Heat throughout their textile dyeing and finishing plant for thermal insulation and corrosion protection of dyeing machines which operate at 130 degrees C. Documented results include a decrease in energy costs of 20%, increased process and dye lot color stability, increased product quality, decreased re-work, increased process reproducibility, increased machine metal parts lifetime due to increased protection against corrosion, increased usable lifetime of cold water and steam valves, decreased dyeing lot process times.
Another large dyehouse, located in the Trakya region of Turkey, which manufactures products for clientele including two of the largest sports apparel manufacturers in the world, used Nansulate High Heat on all dyeing machine heat exchangers. After monitoring closely their consumption of LNG (liquified natural gas) for a period of 5 months, they documented an energy savings of more than 20%. From this data, the company calculates that their savings are approximately $40,000.00 USD per month in energy costs and, based on this data, have contracted to have other areas throughout the factory coated with Nansulate®
Henateks, a third textile plant in Turkey, applied Nansulate High Heat to their dyeing machines and other heat related areas including furnace openings, valves, dryers and other areas where conventional insulation cannot be used. After the first four months into the project their energy costs were decreased by 10% and after six months that decrease was raised to 16%. After project completion the minimum annual energy cost reduction was 20%, equal to approximately $580,000.00 US, and they achieved a significant reduction in carbon emissions.
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, resistance to mold growth, and lead encapsulation 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.