Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanotechnology based energy saving solutions, reported today that the Company has successfully developed a nanotechnology based thermal insulation coating capable of being applied to surfaces of at least 1000 degrees Fahrenheit, “Nansulate® Extreme High Heat”.
The product was developed as a result of a request by Saudi European Petrochemical Company, IBN ZAHR, a customer of the company’s exclusive distributor in Saudi Arabia, Saudi Environmental Projects, Ltd, to insulate a 2.1 mile pipeline transporting high pressure steam.
“To date, we have successfully tested the coating on surfaces with temperatures up to 1004 degrees Fahrenheit (540 degrees Celsius).” states Stuart Burchill, CEO/CTO of Industrial Nanotech, Inc. “We have reason to believe the coating can also be used on surfaces with temperatures up to 1500 degrees Fahrenheit and will finish our due diligence in that extraordinarily high temperature environment over the next few months. Regardless of that outcome, the performance qualities of the product are more than satisfactory to meet the challenge presented to us in April of this year by our representatives in Saudi Arabia, Saudi Environmental Projects, Ltd. This opens up a whole new market to us which few, if any, other companies can pursue.”
The Saudi European Petrochemical Company, IBN ZAHR, is an affiliate of the Saudi Basic Industries Corporation (SABIC). SABIC is one of the world’s five largest petrochemicals manufacturers and the largest and most profitable non-oil company in the Middle East.