NAPLES, Fla., Aug 22, 2007 (BUSINESS WIRE) -- Industrial Nanotech, Inc. (Pink
Sheets:INTK), an emerging global leader in nanotechnology, announced today that
the Company is now in the development stage of a thermal insulation material
that will generate electricity.
"After almost three years of research on producing thin sheets of thermal insulation which use the temperature differential that insulation inherently creates as a source for generating electricity, we are moving to the development stage and designing the first prototype material and filing the patents necessary to protect this valuable intellectual property," states Stuart Burchill, CEO of Industrial Nanotech, Inc. "The benefit of a thin sheet of thermal insulation that could be used in the walls or attics of homes or in the walls of commercial buildings and, instead of just helping conserve energy could create energy, is incalculable. The fact that there is almost always, day or night and anywhere in the world, a difference between the temperature inside a building and outside a building gives us an almost constant source of energy generation to tap into," continues Mr. Burchill."
Current alternative energy sources under commercialization around the world to reduce dependence on fossil fuels include harnessing solar power, wind power, and ocean wave power. All of these sources have the inherent drawback of intermittent power generation due to the fact that there is not always sunshine, wind, or waves available.
"This is an excellent example of Industrial Nanotech's core competency; envisioning ways for nanotechnology to solve important problems for the consumer and use our planet's resources more effectively, executing the scientific research to overcome the technical challenges involved in converting theory into reality, and implementing the commercialization of these products worldwide," explains Francesca Crolley, VP of Operations and Marketing for Industrial Nanotech. "Green Nanotech has always been a focus of our research and development and can provide a means for reducing greenhouse gas emissions and reliance on oil. The growing global success of the Company's first invention, the patented Nansulate line of energy saving protective coatings, and the resulting reduction of energy use and carbon emissions in both the residential and industrial sectors, is a testimony to our commitment to successful innovation and commercialization."
Nansulate(R) 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 and resist mold. The Nansulate(R) 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.
SOURCE: Industrial Nanotech, Inc.
CONTACT: For Industrial Nanotech Inc., Naples
Martin E. Janis & Company, Inc.
Beverly Jedynak, President, 312-943-1100 ext. 12
Martin E. Janis & Company, Inc.
Laura Grock, Vice President, 312-943-1100 ext. 13