NAPLES, FL - (NewMediaWire) - December 17, 2015 - Industrial Nanotech, Inc. (OTC PINK: INTK), a global leader in nanotechnology based energy saving solutions, today announced that it has shipped its flagship industrial product, Heat Shield™ EPX4, the Company's chemical and corrosion resistant thermal insulation coating, to Australia for an offshore equipment insulation application. EPX4 combines powerful thermal insulation performance with best-in-class corrosion and CUI prevention, chemical resistance, and strong impact resistance. The patented coating is uniquely suited to severe service environments, including all ocean applications.
"Heat Shield EPX4 continues to be our most highly demanded product for extreme environments, from chemical plants to textile factories to offshore drilling rigs," stated Francesca Crolley, VP of Business Development for Industrial Nanotech, Inc. "During testing prior to being chosen for this project, a 3.5 millimeter thickness of EPX4 was compared to 25 millimeters of the traditionally used mineral wool insulation and provided the same thermal insulation performance, at only a fraction (14%) of the thickness and a lower installed cost, while also giving the added benefits of preventing expensive corrosion damage and standing up for many more years in that environment."
Ms. Crolley continued, "The product is a very popular one for energy savings in the textile manufacturing industry and other industries and generally pays for itself in just 6 to 18 months, which is unheard of in the energy saving products arena. The textile industry uses the EPX4 widely for insulation of dyeing machines and associated steam pipes, boilers, heat exchangers and other equipment. One of the largest manufacturers of industrial thread and yarn in the world used the EPX4 coating on a global sustainability project over 38 factories to lower their overall energy consumption by more than 10% and reduce their global carbon emissions by 2% worldwide. In another textile manufacturing application, the EPX4 coating was using on dyeing machines and associated equipment by Elasteks Textile, who reduced the steam consumption for their processes by 51%. Yet another company insulated their jet dyeing machines and lowered their energy consumption between 30-50%, with the product paying for itself in just five months. The success of these and other textile projects resulted in a textile machine manufacturer applying the EPX4 to their dyeing machines at their factory as an OEM application before shipping them out to their clients."
"The food and beverage industry is another that has benefited from use of the EPX4," stated Ms. Crolley. "Unipro used the EPX4 to insulated steam pipes and process equipment, and at a thickness of just 2.5-3mm, they reduced their surface temperature from 320F (160C) to 176F (80C). A microbrewery in New York state insulated their boil kettle with the coating and increased production by 30%. These are just a few of reasons that this product is in such high demand for all types of thermal insulation applications. It can be tinted, which benefits those factories that color code their pipes."
A compelling video demonstration by our CEO and a blowtorch of the performance of this product can be found here: https://www.youtube.com/watch?v=SuXNSO-nOco
More details about the Company's Heat Shield™ EPX4 coating can be found at:
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 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.