Archive Press Release
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Industrial Nanotech, Inc.
Release date: August 18, 2006
Industrial Nanotech Signs Agreement with Pratt & Whitney to Share Technology for BMW Project
Naples, FL (PRWEB) August 18, 2006 -- Industrial Nanotech (OTC: INTK), a company that specializes in nanotechnology innovation and product development, today announced that the company has signed a mutual non-disclosure agreement (NDA) with Pratt & Whitney at the request of BMW, Inc. The NDA allows Industrial Nanotech and Pratt & Whitney to share proprietary technologies during their collaboration.
Pratt & Whitney, a worldwide leader in the design, manufacture and support of turbine engines used in both civil and military aircraft, and BMW have a relationship dating back to 1928, when the two companies concluded a license agreement to build radial engines. Most recently, the two have worked together on the Phenom 100 light jet, a project for Brazilian airframer, Embraer.
Francesca Crolley, V.P. Operations & Marketing, commented, "We are excited about the opportunity to collectively assess potential uses of Nansulate on BMW's automobiles and other products. Recently, our CEO Stuart Burchill, who is the inventor of the technologies on which Nansulate is based, met with a representative of BMW at one of our research facilities regarding potential applications for our insulating and protective coatings. Upon subsequent review at BMW's German headquarters, the decision was made to take this next step. We look forward to working and expanding our relationship with both of these companies."
About Nansulate(TM)
Nansulate is a product line of water-based translucent insulation coatings containing a nanotechnology-based material. Nansulate PT is a direct to metal coating for pipes, tanks and other metallic substrates and Nansulate GP is a general purpose formulation designed for wood, fiberglass and other non-metal substrates. Coatings that target extreme industrial environments include Nansulate Chill Pipe designed for low temperature applications on pipes and tanks and Nansulate High Heat designed for high temperature applications. Nansulate HomeProtect ClearCoat and HomeProtect Interior are designed for residential and commercial buildings and Nansulate LDX is designed for lead encapsulation applications. The coatings' ability to resist mold, prevent corrosion and provide thermal insulation is well-documented.
About Industrial Nanotech Inc.
Industrial Nanotech Inc. is a global nanoscience solutions and research leader. The Company develops and commercializes new and innovative applications for nanotechnology that address real-world needs through its funding of and participation in research with world-leading scientists and laboratories, including the U.S. Center for Integrated Nanotechnology (CINT) and Princeton Polymers Laboratories.
Contact:
Industrial Nanotech, Inc. (800) 508-6153
ZA Consulting Investors: David Zazoff (212) 505-5976
Press Contact: Francesca Crolley Company Name: INDUSTRIAL NANOTECH, INC. Phone: 239-254-0863 Website: www.industrial-nanotech.com
Company Information: Name: Industrial Nanotech, Inc. Address: 801 Laurel Oak Dr., Suite 702 City: Naples State: FL ZIP: 34108 Country: USA Phone: 800-767-3998 FAX: 888-596-8465 http://www.industrial-nanotech.com
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