Inc. (Pink Sheets:INTK), an emerging global leader in nanoscience solutions,
announced today that the Company's exclusive distributor for Turkey, Kolorgen
Ltd., has completed an agreement with Coats Bulgaria EOOD for the application
of the Company's Nansulate® patented thermal insulation coatings to
increase energy efficiency in their plant. Coats Bulgaria has approved application
of Nansulate® Translucent High Heat and Nansulate® EPX to all their
dyeing machinery, steam collectors, steam valves, heat exchangers and hot water
pipes. The project began in December 2009, and the first order for the project
has been delivered. This is the second Coats textile plant to use Nansulate®.
Eng. Emil Dinev, Maintenance Supervisor for Coats Bulgaria answered questions
on why they chose Nansulate®, “The reason was our desire to decrease
energy costs by using Nansulate to save money in the future. We know Nansulate
to be ecologically clean, i.e. `green technology', it can be applied easily
to prevent corrosion, and it does not occupy additional space. (We are) simply
replacing our current insulation materials, some of which are dangerous to human
health. Energy saving is a very important issue for Coats Bulgaria because it
affects the environment and reduces harmful emissions into the atmosphere and
protects the global climate from global warming, and also provides comfort at
the workplace and saves a lot of money.”
“Kolorgen has been working with Coats throughout 2009 to continue to
introduce Nansulate® technology to many of the Coats facilities,”
stated Francesca Crolley, V.P. Business Development, Industrial Nanotech, Inc.
“With the strength of energy saving data from their own plants, as well
as that from others in their industry, we are now seeing more of these projects
materialize from that work. Nansulate offers substantial energy savings for
manufacturers. In 2008 one manufacturing client alone saved over $460,000 by
installing Nansulate coating on their equipment at a product cost of only $200,000.
As companies continue to invest in cost saving initiatives, we expect Nansulate
to be a key product they will use to reduce energy consumption and carbon emissions.”
Coats Plc is the world's largest sewing thread and needlecraft supplies manufacturer,
processor and distributor, with 22,000 employees in 71 countries around the
Nansulate(R) is the Company's patented product line of award winning, 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 industrial, residential, agricultural
and solar thermal insulation coatings.