Message #156 From:
TheMachine Date: October 5, 2009 10:59:10 AM
INTK Stock News : Borealis Energy Services Releases Results of Study on Use of Industrial Nanotech, Inc.'s Patented Nansulate® Insulation Coatings for Alaskan Steam Pipe Project
NAPLES, Fla.--(BUSINESS WIRE)--Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader
in nanoscience solutions, today announced the company’s Alaskan
distributor, Nanotech Energy Solutions, Inc., has received preliminary
results from a study by Fairbanks based Borealis Energy Services on the
performance of Nansulate® on steam pipes at surface temperatures of 303
deg F for both surface temperature reduction and reduction of heat loss.
Preliminary results showed a 67 deg F temperature difference after
applying the Company’s patented Nansulate® High Heat insulation and
corrosion prevention coating on the pipes at the standard application of
3 coats, which equates to a final dry film thickness for the application
of approximately 6/1000th of an inch. Borealis Energy, who has been
researching the product since July, will be forwarding a final report on
their results within 30 days.
“We received the preliminary results from Borealis Energy services
owner, Jonathan Hall,” stated Steve Mroz, President of Nanotech Energy
Solutions, Inc. “We were more than pleased with the preliminary report.
Borealis has been researching the product since July. Their preliminary
results state that the Nansulate will not only reduce energy costs and
eliminate corrosion for their customers, but worker safety will also be
improved. Multiple contracts, which were pending until the final results
from Borealis were determined, are now moving forward. A detailed report
on their conclusions will be delivered within 30 days.”
Borealis Energy Services is one of the region’s leading providers of
energy and energy-related products and services. They provide
energy-related services to commercial, institutional and industrial and
users, and energy providers such as utilities, municipalities,
cooperatives and aggregators.
About Nanotech Energy Solutions, Inc.:
Nanotech Energy Solutions, Inc. is the exclusive distributor for
Nansulate® energy saving and asset protection coatings in Alaska. They
provide product and services for industry, oil and gas, commercial and
residential clients. Their mission is to provide solutions to rising
energy and fuel costs in their state. For further information, please
contact Nanotech Energy Solutions, Fairbanks, AK at 907-451-7825.
Nansulate(R) is the Company's patented product line of award winning,
specialty coatings containing a nanotechnology based material and which
are well-documented to provide the combined performance qualities of
thermal insulation, corrosion prevention, resistance to mold growth,
fire resistance, chemical resistance and lead encapsulation in an
environmentally safe, water-based, coating formulation. The Nansulate(R)
Product Line includes industrial,
residential,
agricultural
and solar
thermal insulation coatings. Additional information about the
Company and its products can be found at their websites, (www.industrial-nanotech.com)
and (www.nansulate.com).
Blog: www.nansulate.com/nanoblog,
Twitter: www.twitter.com/NanoPioneer.
Industrial Nanotech Inc. is a global nanoscience solutions and research
leader and member of the U.S. Greenbuilding Council and the American
Solar Energy Society. The Company develops and commercializes new and
innovative applications for nanotechnology which are sold worldwide.
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.
