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Posted in | Nanoenergy | Nanobusiness

Industrial Nanotech Receives Large Order from Saudi Environmental Projects

Published on February 8, 2010 at 8:16 AM

Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanoscience solutions, today announced that the Company has received a large order from Saudi Environmental Projects Ltd., the Company's exclusive distributor for the Kingdom of Saudi Arabia.

This follows their previously placed initial order in October of 2009 to introduce the coatings to the market and generate energy saving projects. The order placed this week is for more than 1,450 gallons of Nansulate® thermal insulation and asset protection coating products, with a retail value of over $131,500.00 USD.

“When we appointed Saudi Environmental Projects as our representative in Saudi Arabia, we knew that we had chosen the best possible representative for Nansulate energy saving technology in the region,” stated Francesca Crolley, V.P. Business Development for Industrial Nanotech, Inc. “This order is the result of all the hard work and the substantial resources they have dedicated to introducing Nansulate and its cost saving potential to the many industries in their country. Their recent attendance at the Saudi Oil, Gas & Petrochem exhibition held in Riyadh City in January was a tremendous success and they were able to present the unique energy saving benefits of the coatings to government officials, representatives from ARAMCO and over 500 other industry professionals and dignitaries who visited. We anticipate further growth in the region as the technology gains widespread use and acceptance as a product that provides effective thermal insulation and protection of assets and equipment in a wide variety of harsh environmental conditions and provides significant cost savings for many seeking sustainable solutions.”

The Chairman of Saudi Environmental Projects, Ltd., HRH Prince Abdullah bin Mosaad Bin Abdulaziz Al-Saud, is one of the Kingdom's most prominent businessmen and industrialists. He is the founder and chairman of the largest paper manufacturing and processing paper industrial facilities outside the USA, Europe and Japan. He is the Chairman and CEO of The Saudi Paper Manufacturing Group, which includes the Saudi Paper Manufacturing Company, the Saudi Recycling Company, and the Saudi Company for Environmental Enterprises.

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