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.