Industrial Nanotech, Inc., a global leader in nanotechnology based energy saving solutions, today announced that it has received payment for, and shipped, a 1000 gallon order related to a project in the oil and gas industry. The $94,950.00 US order (retail value) was for the Company's patented High Heat insulation and corrosion prevention coating. This order follows another large order placed earlier this quarter for use in both the railway industry and oil and gas industry for $117,000.00 US worth of the same product.
"This continues our trend of growth and expansion in the oil and gas industry in the key oil producing regions," stated Francesca Crolley, VP of Business Development for Industrial Nanotech, Inc. "It's an important industry that we've been diligently working to serve with the solutions provided by our technology. Other customers we have helped with energy conservation and protection of valuable assets and equipment in the oil and gas industry include Galp Energia in Portugal for insulation and corrosion resistance of a pipeline and fuel oil storage tanks, Enap Sipietrol in Argentina for an offshore platform pipeline, and Sinopec in China for offshore fuel storage tanks. This newest customer significantly expands our footprint in this important market. We expect to see another 1500 gallon order from this new customer in the next few months, as well as from more new customers this year from the oil and gas industry."
About Industrial Nanotech Inc.
Industrial Nanotech Inc. is a global nanoscience solutions research and development leader. The Company develops and commercializes new and innovative applications for sustainable nanotechnology which are sold worldwide, including their patented product line of award winning, specialty coatings containing a nanotechnology based material and which provide the combined performance qualities of energy savings, thermal insulation, corrosion resistance, prevention of CUI, moisture resistance, chemical resistance, and other protective benefits. Additional information about the company and its products can be found at www.inanotk.com.