Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader
in nanotechnology based energy saving and sustainable solutions
announced today that the Company has planned a trade visit to India in
late October as the next step in their plan to significantly increase
sales and availability of their energy saving and protective
Nansulate(R) coating line. The visit will coincide with the
International conference on Nanotechnology, Nanocon012, at which their
coatings will be presented.
“The efforts we have made to expand into India have laid the groundwork
for this trade visit,” stated Francesca Crolley, VP of Business
Development for Industrial Nanotech, Inc. “We have secured support in
the region for application and local availability of our insulation and
protective coating line, and have seen an increasing number of requests
for factory visits coming in. As manufacturers and other energy users
learn of our innovative and affordable technology for insulating and
protecting from corrosion equipment and buildings, they are eager to
learn how they can implement our solutions in their facilities. We have
received visit invitations from several manufacturers, which range from
the textile, pulp and paper, plastics, chemical, and electronics
industries as well as clients for real estate construction and
institutional related building applications. The response to our
marketing plan in India has been remarkable in terms of sales inquiries
and additionally the invitation to submit product information and a full
length article to leading chemical industry publications in that
country, which we expect to see in the upcoming September and October
issues. We have additionally built strong relationships there with local
companies to increase “on the ground” support, and look forward to
cementing those relationships and bringing further new business for
increased market share in India during our visit next month.”
India's energy demand continues to grow significantly and at a faster
pace than countries such as the United States. According to the
Organization of Petroleum Exporting Countries (Opec), Indian diesel
demand “soared” to “massive” levels in late July after flooding and the
collapse of three national grids blacked out more than half the country.
Opec increased their 2012 oil demand forecast following a small increase
in US consumption and a drastic rise in Indian demand.
About Nansulate(R)
Nansulate(R) is the Company's patented product line of award winning,
specialty coatings containing a nanotechnology based material that
provides the combined performance qualities of thermal insulation,
corrosion prevention, resistance to mold growth, chemical resistance and
lead encapsulation in an environmentally safe, water-based, coating
formulation.
About Industrial Nanotech Inc.
Industrial Nanotech Inc. develops and commercializes new and innovative
applications for sustainable nanotechnology which are sold worldwide.
Safe Harbor Statement
Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995: This release includes forward-looking statements made pursuant
to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995 that involve risks and uncertainties including, but
not limited to, the impact of competitive products, the ability to meet
customer demand, the ability to manage growth, acquisitions of
technology, equipment, or human resources, the effect of economic and
business conditions, and the ability to attract and retain skilled
personnel. The Company is not obligated to revise or update any
forward-looking statements in order to reflect events or circumstances
that may arise after the date of this release.

Source(s) : Industrial Nanotech, Inc.