Aug 6 2008
Industrial Nanotech, Inc., an emerging global leader in nanotechnology, today announced that the Company's patented Nansulate® PT thermal insulation and corrosion resistance coating has been incorporated into the first display home of a LandCorp alternative housing project in Seville Grove, Western Australia. The deal was finalized by the Company's Australian distributor, Insulwest.
The innovative new home was built by 20*20 Pty. Ltd. within 14 days as part of a Western Australia State Government demonstration housing development. It is among a range of houses built with alternative design and construction techniques, which will be showcased at Revolution Road, due to open to the public in coming months. The Planning and Infrastructure Minister, Alannah MacTiernan, said the State Government was taking creative action to address housing supply and access to the new homes market and Revolution Road would showcase the possibilities for new home buyers.
Industrial Nanotech's patented Nansulate® Translucent PT was applied to internal steel walls clad with Gyprock to provide thermal insulation and benefit the integrity of the total wall assembly. Using new materials, the project offers Australian and international home buyers energy efficient, affordable housing options. The construction company, 20*20 Pty. Ltd., has committed to building over 500 of these homes over the next 12 months.
“This project provides an excellent example of how new technologies can help reduce energy use while still providing affordable and sustainable housing,” stated Francesca Crolley, V.P. of Operations & Marketing for Industrial Nanotech, Inc. “We are thrilled to have our Nansulate PT thermal insulation and corrosion resistance coating included as an integral part of this alternative housing project. We look forward to the new opportunities for growth in this market as more governments back these types of projects which tie together earth friendly and energy saving needs with new technology solutions in an affordable package for the greatest overall impact.”