Industrial
Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanotechnology,
today announced that the Company is continuing its expansion of manufacturing
locations for their patented energy saving Nansulate(R) coatings and will begin
producing the products in Germany in the first quarter of 2009. This brings
the total number of manufacturing locations for their nanotechnology-based products
to five: two in New Jersey, USA, one in Colorado, USA, one in South Africa,
and the newest location in Germany.
“Our launch of manufacturing in Germany, a European Union member, will
allow us to expand our current capabilities and create a structure to manufacture
and provide our patented energy saving products at a lower landed cost in regions
where we are seeing the highest growth rates and potential,” stated Stuart
Burchill, CEO/CTO of Industrial Nanotech, Inc. "We have seen a marked increase
in demand for energy saving products both in the US and in Europe, and the growth
that we’ve already experienced in this region made this a logical decision.
Our overall goal is to bring affordable energy saving technology to as many
markets as possible and we anticipate that this move will significantly accelerate
our rate of growth in Europe and neighboring markets in 2009.”