Jun 17 2008
Industrial Nanotech, Inc., an emerging global leader in nanotechnology, announced today that a fourth NASCAR race team has purchased the Company's patented nanotechnology based coating, NanoBoost, for use on race cars to control heat transfer and improve performance.
“NanoBoost is fast becoming a NASCAR standard,” states Francesca Crolley, VP of Operations and Marketing for Industrial Nanotech, Inc. “We recently shipped product to our fourth NASCAR team customer and are pleased to see the product continuing to help performance through control of heat transfer for these teams.”
NanoBoost is one of the products in the Company’s nanotechnology-based Nansulate product line. It has been successfully used by NASCAR races teams and the Ford V8 Supercar team, Betta Electrical, since 2005.
Ms. Crolley continues, “As gas prices continue to climb, we have also seen an increase in consumer sales of NanoBoost as people look for ways to improve the gas mileage of their vehicles. Our coating provides them a very affordable way to control heat transfer, thus increasing auto performance and reducing fuel consumption. Industrial Nanotech offers a complete line of unique and innovative energy saving products, including Nansulate and NanoBoost, for industry and consumers at a time when energy and oil prices are a critical issue in the world and the Company is well positioned to continue the exponential revenue growth rate we have experienced over the last four years.”
Nansulate is the Company's patented product line of 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, lead encapsulation, chemical resistance, and fire resistance in an environmentally safe, water-based, coating formulation. The Nansulate Product Line includes industrial, residential, and automotive parts coatings.