Industrial Nanotech, Inc. Announces Expansion to India with Corporate Sales Office
15 Mai 2012 - 2:00PM
Business Wire
Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global
leader in nanotechnology based energy saving and sustainable
solutions announced today that the Company is opening a Corporate
Sales Office in India with the next 4-6 weeks. Industrial Nanotech,
Inc. has seen significantly increased demand in India for their
Nansulate® energy saving and protective coatings from OEM
manufacturers as well as end manufacturing users to reduce energy
costs. The company plans to establish an office first in Southern
India, in or near Bangalore, with expansion to Northern India and
Western India in the near future.
“India has become an increasingly important country as their
manufacturing sectors and economy as a whole continue to have a
healthy growth rate,” stated Francesca Crolley, VP of Business
Development for Industrial Nanotech, Inc. “We began a strategy this
year focused on boosting our marketing and brand presence in India
as an energy saving solution and it has returned significant
results. These include multiple inquiries from manufacturers that
want to use Nansulate® coatings for insulation of their equipment
for energy savings and surface temperature reduction, as well as a
meeting with a leading OEM manufacturer of process cooling systems
with 14 locations throughout India, and an international client
base, that is interested in incorporating our technology into the
process cooling systems they manufacture and sell. We have seen our
marketing, which was focused on commercial and industrial, bring in
sales and inquiries from multiple markets and at such a response
level that it was obvious to us that setting up an Industrial
Nanotech, Inc. office in India, staffed by a sales and technical
support team which we hire and train, was the logical next step.
The availability of a well educated workforce with an excellent
work ethic presents a tremendous opportunity for the Company and
will allow us to both accommodate factory visit requests from
around the country with our own technical teams, as we do in the
US, and the ability to more rapidly service and grow this vital
market.”
India's economic growth is expected to remain robust in 2012 and
2013, despite likely headwind of double-dip recessions in Europe
and the US, according to a United Nations' annual economic report -
World Economic Situation and Prospects 2012. The Indian economy is
expected to grow between 7.7 per cent and 7.9 per cent this year,
as per the report. India is the second most preferred destination
for foreign investors, according to the report 'Doing Business in
India' by Ernst & Young. The report explores India's key
sectors, investment climate, funding scenario, laws and
regulations, to aid companies that are doing, or plan to do
business in India.
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.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.
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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