NAPLES, FL - (NewMediaWire) - August 24, 2015 - Industrial Nanotech, Inc. (OTC PINK: INTK), a global leader in nanotechnology-based energy saving solutions, today released the following update:
1) The Company is pleased to announce that their enhanced Heat Shield™ line of industrial coatings, which currently include EPX4 and High Heat thermal insulation and corrosion protection coatings, are exceeding customers' expectations for thermal performance. The Heat Shield™ High Heat was used recently during a 60-day trial for a major US hospital for insulation of steam pipes. Approximately 8/1000'ths of an inch thickness provided a 108 Degree Fahrenheit temperature reduction, lowering the surface temperature from 300F degrees to 192F degrees. The Company is now providing the specifications for approximately 50,000 SF of steam pipe surface area for this project.
2) The Company's PCAOB audit has been completed and the Company is taking the next steps to transition to a more visible exchange.
3) The Company has created a testing and demonstration model for providing data on reduction of process energy use. In laboratory testing, the Company's the next generation and new iterations of the existing product line has been demonstrated to reduce the energy needed to maintain a steady state temperature in a chamber by approximately 40% for High Heat and 60% for EPX4.
4) The Company is seeing a significant increase in US based projects. The Company's patented products are being used in upcoming projects on military installations for building energy efficiency, the previously mentioned hospital for steam process efficiency and asset protection, and their clear lead abatement coating, LeadX™, has been used in multiple municipal and institutional applications this year.
"We are pleased to be moving forward on a number of fronts to reach our corporate and new product goals," stated Francesca Crolley, VP of Business Development for Industrial Nanotech, Inc. "With the PCAOB audit completed, we can now take the next steps to move to a more visible exchange, something we've been working toward for a while. Our newly enhanced products are now better than ever, and we are also coming up with great new ways to provide industrial clients with the metrics they need to implement large scale adoption of our technology for energy efficiency. We are very excited about our new upcoming products as well, and the opportunities they will give our customers for reducing carbon emissions and saving energy, and that they will further build our reputation as a global leader in sustainable nanotechnology based solutions."
About Industrial Nanotech
Industrial Nanotech Inc. is a global nanoscience solutions and research leader. The Company develops and commercializes new and innovative applications for sustainable manufacturing and buildings which are sold worldwide, including thermal insulation and asset protection coatings, which provide energy savings, thermal insulation, corrosion resistance, prevention of CUI, moisture resistance, chemical resistance, and other protective benefits. The coatings are low VOC, water-based, and sustainable.
Additional information about the company and its products can be found at www.industrial-nanotech.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.