Industrial Nanotech, Inc. Announces More Textile Mills Using Company’s Patented Nansulate® Insulation Technology
05 Juli 2011 - 2:56PM
Business Wire
Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global
leader in nanoscience energy saving solutions, announced today that
additional textile mills are incorporating the Company’s patented
line of energy saving protective coatings into their sustainability
initiatives worldwide.
“We are currently doing a pilot project with Hanesbrands, Inc.
In the event that Nansulate® performs as well for their textile
equipment as it has on the textile equipment of multiple companies
at multiple factories around the world for the past half decade,
they will begin applying Nansulate to their heat process equipment
at their factories,” states Stuart Burchill, CEO/CTO of Industrial
Nanotech, Inc. “Considering that Coats, PLC, the world market
leader in industrial yarns and threads and consumer crafts, stated
publicly that the use of Nansulate® on heat process equipment in 37
of their factories in 27 countries will reduce their steam
consumption by 10 percent and their global carbon footprint by 2%,
we are optimistic that we will be able to provide the same benefits
to Hanesbrands, Inc. and that this will result in a significant
value added proposition for both their company and Industrial
Nanotech, Inc.”
Hanesbrands, Inc. is based in Winston-Salem, NC. The company’s
apparel brands include: Hanes®, Champion®, Playtex®, Bali®,
L’eggs®, Just My Size®, Barely There® and Wonderbra®.
Nansulate® coatings have been used by numerous textile
manufacturers for insulation of their dyeing machines, steam pipes,
heat exchangers and other equipment. Henateks Textile, a
manufacturer for Nike, Adidas, and others, documented a 20%
reduction in liquid natural gas consumption which was attributed
directly to Nansulate® High Heat insulation coating being used to
insulate their steam process system. This resulted in a 2007 and
2008 cost savings of $852,437.00 US and a payback period of only 7
months. Erenko Textile, a manufacturer for Walt Disney and other
brands, performed side-by-side trials on same capacity machines
running a 60 minute cycle of 60 degrees C. The machine coated with
Nansulate® insulation, reduced steam supply cycles from 24
injections over the 60 minutes down to 2 injections, reducing
energy consumption by a minimum of 20% and providing an overall 10%
reduction in unit material production costs. The coatings have been
featured in multiple textile specific magazines and publications
for their energy saving performance in the textile industry.
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, 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. Greenbuilding Council 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.
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.
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