June 1 2005, Industrial Nanotech Inc .,
(OTC: INTK), an emerging nanotechnology-based solutions
provider, announces testing of its Nansulate™ coating
product by a major Argentinean oil and gas company.
Protan, a South American distributor of Industrial
Nanotech products, states the testing will continue
over the next 20 to 30 days at undisclosed locations
off the tip of South America in the Argentinean Sea.
“Due to confidentiality issues we are not at liberty to disclose our client's
name nor the exact location until the testing process is complete,” stated Stuart
Burchill, Industrial Nanotech CEO. “This particular oil and gas firm is experiencing
CUI (corrosion under insulation) problems and we believe that our Nansulate™ coating
will more than meet their expectations in this severe environment. Corrosion
is a 270 billion dollar problem in the US alone and we are delighted that our
Nansulate™ product is receiving the worldwide recognition it deserves. These
assessments, of the coating for CUI needs, will lead to potential purchase decisions
of Industrial Nanotech products in the coming months.”
CUI (corrosion under insulation) is acknowledged as one of the most debilitating
and expensive issues facing the oil and gas industry today and accounts for
more unexpected downtime than any other cause in off-shore drilling. “This
testing is one of the harshest environments in the world for off-shore drilling,” states
Laurie Scherock, President of Industrial Nanotech, “and there is no better
location to prove the strength and quality of our product. This is only the
beginning of several impending tests that will be carried out by major corporations
worldwide.”
About Industrial Nanotech Inc.
Industrial Nanotech Inc. produces and sells high performance coatings primarily
designed for the heavy industry, manufacturing and shipping markets. The
Company conducts nanoscience-related research in advanced materials and industrial
applications at facilities in New Mexico, Colorado, and New Jersey. Products
are available directly from the company or through a rapidly growing worldwide
network of exclusive distributors.
SOURCE: Industrial Nanotech, Inc.
Contact:
Industrial Nanotech, Inc.
Laurie Schrock
800-767-3998
or
Investors & Public Relations
ZA Consulting Inc.
David Zazoff
212-505-5976
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