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Posted: November 27, 2007
Industrial Nanotech Announces Important New Agricultural Market Sector
(Nanowerk News) Industrial Nanotech, Inc. (Pink Sheets:INTK - News), an emerging global leader in nanotechnology, announced today that the Agricultural University of Athens has confirmed that the Company’s patented Nansulate® coatings save energy with no detriment to plant growth in commercial agricultural greenhouse applications.
“Mr. Alexandros Karatoupouzis, our representative in Greece, first spoke with the Agricultural University of Athens in July of this year,” explained Francesca Crolley, V.P. of Operations & Marketing for Industrial Nanotech, Inc. “The university was interested in testing Nansulate to determine its effect on the plant production and energy savings in agricultural greenhouse applications when applied to the clear roof and side panels. We were notified today that the data proves conclusively that Nansulate offers significant energy savings for the greenhouse agriculture industry without negative impact on plant growth or food production.” Ms. Crolley continues, “Greenhouses are critical to current and future food supplies worldwide. They offer the unique benefit of allowing year-round food production in climates that plants are not native to. As more and more agricultural land is lost to urban development and climate change reduces arable acreage in many regions of the world, agriculture utilizing greenhouses will continue to assert an increasingly important role in world-wide food production and is considered a high growth industry. We are pleased to see that our coatings can offer significant benefits to this critical growing global industry.”
Millions of acres of greenhouses are currently producing critical food crops worldwide and the growth of this agricultural sector is expected to continue to expand exponentially, especially in China and the arid regions of the Middle East and Africa. Greenhouse cultivated food crops include tomatoes, cucumbers, peppers, watermelon, squash, lettuce, asparagus, grapes, strawberries, bananas, oranges, and many other fruits and vegetables essential to good nutrition.
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.