Industrial Nanotech INTK) is pleased to announce that a patent protecting the Company's Nansulate line of protective coatings has been approved by the U.S. Patent and Trademark Office. Originally filed nationally and internationally in November 2003, this patent covers the Company's coating products that have the combined performance qualities of thermal insulation, corrosion protection, and mold resistance.
Industrial Nanotech anticipates that the receipt of this patent on its core products will provide a strong competitive advantage in the marketplace, contribute to increased revenue opportunities and add significant value to the Company's intellectual property portfolio.
Industrial Nanotech's VP of Operations, Francesca Crolley, states, "Receiving patent approval represents a key milestone for Industrial Nanotech. Nansulate is truly a revolutionary product that deserves singular recognition and this patent provides the necessary protection in the marketplace."
"Having patent protection for Nansulate will significantly enhance our ability to move forward with companies that are currently interested in forming cooperative relationships with Industrial Nanotech to combine their established distribution channels and market presence with our strength in developing innovative technologies based on nano-science," commented Stuart Burchill, CEO of Industrial Nanotech, Inc. "This patent should expedite these negotiations by eliminating the concerns of our potential business partners regarding investing a great deal into our business relationship without the benefit of patent protection on our technology."
About Nansulate
Nansulate is a water-soluble tinted or translucent coating containing a nano-science based material. The coating's ability to resist mold, prevent corrosion and provide thermal insulation is well-documented. The Company and its licensed distributors distribute Nansulate products worldwide.
About Industrial Nanotech Inc.
Industrial Nanotech Inc. is a global nanoscience solutions and research leader. The Company seeks to introduce new and innovative applications for nanotechnology by participating with world leading scientists and laboratories, including the U.S. Center CINT National Laboratories and Princeton Polymers Laboratories. See www.industrial-nanotech.com for more information.
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.
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