Inc. (Pink Sheets:INTK), an emerging global leader in nanoscience solutions,
today announced the completion of an agreement with Total Energy Care
(TEC) to represent their patented Nansulate Solar thermal insulation and
energy saving coating in Canada for retrofitting energy systems in existing
buildings and in new build construction. The agreement includes use of Nansulate
Solar product within the solar thermal and thermal storage industries in Canada.
TEC's President, Steven Burke, has committed to using Nansulate
on all solar thermal panels manufactured at their new plant. Mr. Burke explains,
"Because of the amazing thermal resistance properties shown by Nansulate,
by applying it on all five of the metal surfaces within a flat plate solar thermal
panel, we expect as much as a 20% to 30% increase in the efficiency over traditional
insulation used in this industry. The effect of reduction in loss of heat captured
from the sun and held in thermal storage tanks promises to be even more profound.
And these are huge advantages in the marketplace!"
TEC's strong sales growth plan includes increasing their sales force
from 60 to approximately 200 reps by the middle of 2010. Mr. Burke continues,
"We can reasonably approach not only the hot water market but also that
of space heating, as the end result is a product approaching the efficiency
formerly only available from evacuated tube panels, but at a much lower cost.
Solar thermal flat plate collectors are far less expensive to manufacture than
their airless competitors. At approximately 40% of the cost of buying evacuated
tube solar thermal systems (wholesale price), this means that a product using
flat plate panels will produce heat for far less per BTU than evacuated tube."
TEC is opening a new facility for manufacturing solar thermal panels and thermal
storage tanks which will employ more than 50 individuals. The facility will
be headed by engineer Brian Slack, who has won awards for increasing efficiency
at an American Corporation's plant in South Western Ontario.
This will be the second OEM application for solar thermal equipment in which
the coatings have been specified. Industrial Nanotech previously announced that
their patented Nansulate Solar thermal insulation coating will be incorporated
into all new solar water heater systems by Asian manufacturer First Energy Solution
to insulate and increase efficiency.