NAPLES, Fla.--(BUSINESS WIRE)--Industrial Nanotech, Inc. (Pink Sheets:INTK - News), an emerging global leader in nanotechnology, today announced that the Company has signed a deal to manufacture its products in South Africa.
"Our representatives in this region have developed opportunities in the oil and gas and building construction market sectors in South Africa and surrounding African nations which present large enough revenue streams to justify manufacturing the product there to lower shipping costs and the burdens of import tariffs,” states Stuart Burchill, CEO/CTO of Industrial Nanotech, Inc. “In order to fully capitalize on these opportunities it was important that we take this strategic initiative to lower the landed cost to the end user of our products and therefore increase the overall revenue to Industrial Nanotech. Production will begin in Q1 2009.”
About Nansulate(R)
Nansulate(R) is the Company's patented product line of 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 both industrial and residential coatings.
Additional information about the Company and its products can be found at their websites, (www.industrial-nanotech.com) and (www.nansulate.com).
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.
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