Industrial Nanotech, Inc. Announces Second Quarter 2012 Sales of $402,107
Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanotechnology based energy saving and sustainable solutions announced today that the Company achieved a strong increase in sales in the second quarter of 2012 with sales of $402,107.47. The increased revenues were lead by international sales of their Nansulate(R) industrial line of patented and award winning coatings, which provide the combined benefits of energy saving thermal insulation and protection of plant and equipment against corrosion and severe service environments. Sales to oil & gas industry and government building projects contributed to the increase, as well as manufacturing facility orders both internationally and in the United States. Consumer and commercial orders for their Nansulate(R) EnergyProtect building insulation and Nansulate(R) Crystal roof insulation coatings also contributed. Second quarter 2012 sales represent an increase of 195% over second quarter 2011 sales.
“We’re encouraged by our second quarter 2012 results, which we believe continue to validate the strength of the Nansulate(R) product line and its position as a leading versatile energy saving technology, with unmatched characteristics of thermal insulation and surface protection,” said Francesca Crolley, V.P. Business Development Industrial Nanotech, Inc. “We’ve seen increased demand in industry, particularly oil & gas, textile, and paper manufacturing, as well as government projects for mold resistance and lead encapsulation, and for our clear ‘cool roof’ coating in both consumer and commercial markets. The U.S. market is also beginning to show stronger resolve for energy savings in buildings and factories and our domestic sales are also increasing as a result. Our second quarter results and our favorable industry trends are also due to the dedication and efforts of our distributors and independent representatives worldwide who promote Nansulate(R) energy saving and protective solutions in over 31 countries. We have a number of ongoing activities from which we anticipate this strong growth to continue, including opening new OEM markets, the launch of our new fast-cure Nansulate(R) Diamond industrial insulation coating, and the addition of a number of international distributors over the next few months. We anticipate a continued strong increase in sales revenues as corporate strategies initiated in 2010 and executed diligently over the past two years begin to produce the intended results.”
About Nansulate(R)
Nansulate(R) 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, chemical resistance and lead encapsulation in an environmentally safe, water-based, coating formulation. The Nansulate(R) 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.inanotk.com) and (www.nansulate.com). Blog: www.nansulate.com/nanoblog, Twitter: www.twitter.com/NanoPioneer, Facebook: www.facebook.com/Nansulate.
About Industrial Nanotech Inc.
Industrial Nanotech Inc. is a global nanoscience solutions and research leader and member of the U.S. Green Building Council. The Company develops and commercializes new and innovative applications for sustainable nanotechnology which are sold worldwide.
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