Industrial Nanotech, Inc. Lands First Major Order from Pemex, Mexico’s State-Owned Oil and Gas Company
14 April 2014 - 2:00PM
Business Wire
Industrial Nanotech, Inc. (OTC-PINK INTK), an emerging global
leader in nanotechnology based energy saving solutions, today
announced that the Company has received its first major order for
Pemex, the Mexican state-owned petroleum company. The order is for
approximately $153,700.00 of two of the company’s industrial
thermal insulation products; Nansulate(R) High Heat thermal
insulation and corrosion prevention coating and Nansulate(R) EPX
thermal insulation and chemical and flame resistant coating.
Nansulate(R) will be delivered to the job site by April 30, 2014
and will be used on a pipeline project. Both products perform well
in harsh outdoor severe service environments. This is the first and
smallest of the near term projects pending for the Company with
Pemex.
Francesca Crolley VP of Business Development for Industrial
Nanotech, Inc. stated, “We began working with Pemex in 2009 to
educate their engineers, specifiers, approved contractors, and
technical executives on the well-documented energy saving benefits
of Nansulate and its unique ability to be applied easily and cost
effectively and to withstand the severe service environments
prevalent in the oil and gas industry without degradation or
failure of effectiveness. We appreciate the time and effort
invested by our research partners, Pemex staff, and our dedicated
and persistent team in Mexico for all the hard work that has led to
this success.”
Ms. Crolley continued, “We have reason to believe that this
project, combined with our recent success with China Petroleum and
Chemical Corporation (Sinopec) on an offshore drilling rig to
replace outdated rock wool insulation, with Enap Sipetrol on an oil
pipeline on an offshore drilling platform in Argentina, and with
Galp Energia, the Portuguese oil & gas company, on two projects
over an oil and gas pipeline and four large fuel oil storage tanks,
which totaled over $243,000 worth of product (see project details
at link below), marks the beginning of a rapid expansion of our
sales to the oil and gas industry in the US and
internationally.
http://www.nansulate.com/nansulate_industrial_casestudies.htm
Pemex is the Mexican state-owned petroleum company created in
1938. It is the world’s second largest non-publicly listed company
by total market value, and Latin America’s second largest
enterprise by annual revenue as of 2009.
About Nansulate(R)
Nansulate(R) is the Company's patented product line of award
winning, specialty coatings containing a nanotechnology based
material and which provide the combined performance qualities of
energy savings, thermal insulation, corrosion resistance,
prevention of CUI, moisture resistance, chemical resistance, and
other protective benefits. The coatings are low VOC, water-based,
and sustainable.
About Industrial Nanotech Inc.
Industrial Nanotech Inc. is a global nanoscience solutions
research and development leader. The Company develops and
commercializes new and innovative applications for sustainable
nanotechnology which are sold worldwide, including Nansulate(R)
thermal insulation and asset protection coatings.
Additional information about the company and its products can be
found at www.inanotk.com and www.nansulate.com.
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.
Industrial Nanotech, Inc.Francesca Crolley, 800-767-3998 (US
& Canada)International: +1-239-254-0346Email:
investini@inanotk.com
Industrial Nanotech (PK) (USOTC:INTK)
Historical Stock Chart
Von Okt 2024 bis Nov 2024
Industrial Nanotech (PK) (USOTC:INTK)
Historical Stock Chart
Von Nov 2023 bis Nov 2024
