INTK NEWS - 4/12/12
Industrial Nanotech, Inc. Announces Expansion of their Patented Clear Cool Roof Coating, Nansulate® Crystal, into China Through The Company’s Established Distributor, Beijing Woven Energy Efficiency Technology
http://www.businesswire.com/news/home/20120412005684/en/Industrial-Nanotech-Announces-Expansion-Patented-Clear-Cool
NAPLES, Fla.--(BUSINESS WIRE)--Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanotechnology based energy saving and sustainable solutions announced today a significant expansion for their Nansulate® Crystal clear insulating and mold resistant roof coating into China. The Company recently launched an updated version of their popular clear cool roof coating, including updated data and branding for two key segments, roofs with concrete and clay tiles and roofs with asphalt shingles. The patented roof coating technology provides a combination of benefits made possible through nanotechnology, including thermal insulation for energy savings, as well as mold, fungi, and bacteria resistance, moisture resistance, and UV and weathering resistance.
China is the country with the largest tile roofing demand in the world, including both concrete and clay roof tiles. According to The Freedonia Group report titled, “World Tile Roofing Demand By Type & Region 1999-2019,” world demand of roof tiles was 34.6 billion square feet in 2009, with China accounting for 42% of the world market, at 14.6 billion square feet. World demand, and China’s market share of world demand, are expected to continue to increase, with an estimated world tile roofing demand in 2014 of 40.6 billion square feet, with China accounting for 42.6%, 17.3 billion square feet. A further increase of 15% in world demand, to 46.8 billion square feet, and 16.7% in China demand, to 20.2 billion square feet, is projected in 2019.
“China by far is showing the largest and fastest growing demand both for architectural coatings and for roof tiles,” stated Francesca Crolley, VP of Business Development for Industrial Nanotech, Inc. “It was obvious to us to rapidly expand our new Nansulate® Crystal sales and marketing efforts, which includes new roof tile test data and exciting branding and interactive micro-site, to China. We have a very strong distributor there in Beijing Woven Energy Efficiency Technology, and they have been aggressively marketing Nansulate in a number of regions and are very enthusiastic about Nansulate Crystal. The combination of benefits, including the fact that the coating is clear and doesn’t change the look of the roof, has made it a standout solution. The multiple performance qualities provided by Nansulate® Crystal...energy savings, extended roof protection from UV, resistance to mold, fungi, and bacteria...offer an unparalleled value added proposition. We have a powerful, patented multi-solution product that allows us to meet all these needs and more.”
For further information on Nansulate® Crystal advanced clear cool roof technology is available at: www.nansulate.com/crystal
About Nansulate®
Nansulate® is the Company's patented product line of award winning, 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, fire resistance, chemical resistance and lead encapsulation in an environmentally safe, water-based, coating formulation. The Nansulate® Product Line includes industrial, residential, agricultural and solar thermal insulation coatings. Additional information about the Company and its products can be found at their websites, (www.inanotk.com) and (www.nansulate.com). Blog: www.nansulate.com/nanoblog, Twitter: www.twitter.com/NanoPioneer, Facebook: www.facebook.com/Nansulate.
About Industrial Nanotech Inc.
Industrial Nanotech Inc. is a global nanoscience solutions and research leader and member of the U.S. Green Building Council. The Company 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.
Contacts
Industrial Nanotech, Inc.
Francesca Crolley, US & Canada: 800-767-3998
International: +1 239-254-0346
Email: investini@inanotk.com
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