NAPLES, FL - (NewMediaWire) - January 05, 2016 - Industrial Nanotech, Inc. (OTC PINK: INTK), a global leader in nanotechnology based energy saving solutions, today announced that the Company received a request to bid on supplying its patented Heat Shield™ EPX4 energy saving, anti-corrosion and protective coating to a fuel storage tank farm in India and has supplied the contractor with the bid.
"The significance of this event is that we have primarily had success in India in the textile industry and have been working very hard to expand our portfolios of industries we serve in India," stated Francesca Crolley, VP of Business Development for Industrial Nanotech, Inc. "This deal has the potential to open up a whole new and important market sector for us in a region of the world that has valuable short term and long term potential for the Company."
The total revenue from this individual deal, if awarded to the Company, is approximately $367,783 US. It will be approximately sixty days before the contract is awarded. The Company will provide updates as further information is received.
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.