Industrial Nanotech, Inc. (OTC-PINK INTK), an emerging global leader in
nanotechnology based energy saving solutions, today announced that the
Company has received its first major order for Pemex, the Mexican
state-owned petroleum company. The order is for approximately
$153,700.00 of two of the company’s industrial thermal insulation
products; Nansulate(R) High Heat thermal insulation and corrosion
prevention coating and Nansulate(R) EPX thermal insulation and chemical
and flame resistant coating. Nansulate(R) will be delivered to the job
site by April 30, 2014 and will be used on a pipeline project. Both
products perform well in harsh outdoor severe service environments. This
is the first and smallest of the near term projects pending for the
Company with Pemex.
Francesca Crolley VP of Business Development for Industrial Nanotech,
Inc. stated, “We began working with Pemex in 2009 to educate their
engineers, specifiers, approved contractors, and technical executives on
the well-documented energy saving benefits of Nansulate and its unique
ability to be applied easily and cost effectively and to withstand the
severe service environments prevalent in the oil and gas industry
without degradation or failure of effectiveness. We appreciate the time
and effort invested by our research partners, Pemex staff, and our
dedicated and persistent team in Mexico for all the hard work that has
led to this success.”
Ms. Crolley continued, “We have reason to believe that this project,
combined with our recent success with China Petroleum and Chemical
Corporation (Sinopec) on an offshore drilling rig to replace outdated
rock wool insulation, with Enap Sipetrol on an oil pipeline on an
offshore drilling platform in Argentina, and with Galp Energia, the
Portuguese oil & gas company, on two projects over an oil and gas
pipeline and four large fuel oil storage tanks, which totaled over
$243,000 worth of product (see project details at link below), marks the
beginning of a rapid expansion of our sales to the oil and gas industry
in the US and internationally.
http://www.nansulate.com/nansulate_industrial_casestudies.htm
Pemex is the Mexican state-owned petroleum company created in 1938. It
is the world’s second largest non-publicly listed company by total
market value, and Latin America’s second largest enterprise by annual
revenue as of 2009.
About Nansulate(R)
Nansulate(R) is the Company's patented product line of award winning,
specialty coatings containing a nanotechnology based material and which
provide the combined performance qualities of energy savings, thermal
insulation, corrosion resistance, prevention of CUI, moisture
resistance, chemical resistance, and other protective benefits. The
coatings are low VOC, water-based, and sustainable.
About Industrial Nanotech Inc.
Industrial Nanotech Inc. is a global nanoscience solutions research and
development leader. The Company develops and commercializes new and
innovative applications for sustainable nanotechnology which are sold
worldwide, including Nansulate(R) thermal insulation and asset
protection coatings.
Additional information about the company and its products can be found
at www.inanotk.com
and www.nansulate.com.
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.
Copyright Business Wire 2014