Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanotechnology based energy saving solutions, today announced that the Company is successfully expanding its sales of patented Nansulate® liquid insulation technology into the Original Equipment Manufacturer (OEM) market. Nansulate® is the Company's patented product line of award winning, nanotechnology based specialty coatings 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, sustainable, water-based coating formulation.
“After over half a decade of proven, solid performance in sales to end users in industry and manufacturing around the world, we now have a number of manufacturers we have been working with who have expressed interest in increasing the value of their products through application of Nansulate® coatings to the products which they manufacture at their factories,” stated Francesca Crolley, VP of Business Development for Industrial Nanotech, Inc. “Some have been impressed with sales we have already been making to the end users of their products, and others have been searching for years for an innovation such as our technology to give them a significant advantage in their marketplace.
Ms. Crolley continues, “The final step for widespread implementation in a manufacturing environment was successfully designing application equipment and systems which effectively give the OEM customer 100% efficiency in the application process of the coatings and therefore the best cost per unit possible. Our team has completed this task. We have three large customers we anticipate will become OEM customers soon and will be aggressively expanding this substantial recurring revenue source throughout 2011.”