NAPLES, FL - (NewMediaWire) - January 04, 2016 - Industrial Nanotech, Inc. (OTC PINK: INTK), a global leader in nanotechnology based energy saving solutions, today announced that the Company is supplying its patented Heat Shield™ and Nansulate® energy saving and protective coatings to one of the world's largest pulp and paper companies, with over 130 factories worldwide.
"After nearly three years of testing and trials, it has been determined that there are multiple locations and types of equipment where our products provide tremendous energy saving benefits, while also protecting their equipment from corrosion, increasing worker safety by lowering equipment surface temperatures, and easily withstanding the harshest conditions in the factories," stated Francesca Crolley, VP of Business Development for Industrial Nanotech, Inc. "We have started supplying products to multiple locations and that will continue to rapidly expand. Full scale implementation will continue for years as an ongoing process of maintenance and retrofit. Annual revenue to the Company from this deal is currently estimated to be approximately $9,000,000 US annually and could grow higher."
About Industrial Nanotech, Inc.
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 their Nansulate® and Heat Shield™ 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.