Industrial Nanotech, Inc. Announces Revenue for Q3 2010: Approximately $1,036,047.00 US
NAPLES, Fla., Oct 6, 2010 - Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanoscience energy saving solutions, today announced that the sales revenue for the 3 month period ending September 30, 2010 was $1,036,047.00 US.
"The change in the economic conditions that we all experienced in 2009 forced us to rethink, revise and retool our strategy and supplement the reduced revenue from the homeowner Do-It-Yourself market with increased focus on the longer sales cycle major industrial corporations", states Stuart Burchill, CEO/CTO of Industrial Nanotech, Inc. "Fortunately, we had spent the previous five years diligently and methodically establishing proof of the value added proposition that our technology provides to industries around the world, including the fact that it pays for itself in typically 6-18 months by significantly reducing energy consumption and improving critical sustainability initiatives. Our patented Nansulate product line of award winning, energy saving protective specialty coatings containing a nanotechnology based material 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."
Mr. Burchill continued, "Armed with an innovative, sustainable product line and solid data to back up its extraordinary performance and case studies of companies saving more in just the first year than the product cost them, plus the additional savings year after year, we just worked harder and smarter to get the message out to major global industrial companies and the results are testimonial to our strategy. Our technology simply offers value in cost savings, energy savings and carbon footprint reduction which companies are recognizing and implementing. We have reason to be optimistic about both the near term and long term likelihood of continued growth and success and we look forward to continuing to serve our customers well and enhance our shareholder value."
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.industrial-nanotech.com) and (www.nansulate.com). Blog: www.nansulate.com/nanoblog, Twitter: www.twitter.com/NanoPioneer, Search 'Nansulate' on Facebook.
About Industrial Nanotech Inc.
Industrial Nanotech Inc. is a global nanoscience solutions and research leader and member of the U.S. Greenbuilding Council, the American Solar Energy Society, and an official ALLY organization with the U.S. Dept. of Energy "Save Energy Now" program. The Company develops and commercializes new and innovative applications for sustainable nanotechnology which are sold worldwide.
SOURCE: Industrial Nanotech, Inc.
Contacts For Industrial Nanotech, Inc.
Investor Relations:
Rob Karbowsky,
800-767-3998
investini@industrial-nanotech.com.
