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Industrial Nanotech Provides Update on Hospital Project
Aug. 25, 2015 03:10PM PST
Nanotech InvestingIndustrial Nanotech (OTC Pink:INTK) provided a number of corporate updates, reporting that its PCAOB audit has been completed and that it is seeing a significant increase in US based proj
Industrial Nanotech (OTC Pink:INTK) provided a number of corporate updates, reporting that its PCAOB audit has been completed and that it is seeing a significant increase in US based projects.
As quoted in the press release:
1) The Company is pleased to announce that their enhanced Heat Shield™ line of industrial coatings, which currently include EPX4 and High Heat thermal insulation and corrosion protection coatings, are exceeding customers’ expectations for thermal performance. The Heat Shield™ High Heat was used recently during a 60-day trial for a major US hospital for insulation of steam pipes. Approximately 8/1000’ths of an inch thickness provided a 108 Degree Fahrenheit temperature reduction, lowering the surface temperature from 300F degrees to 192F degrees. The Company is now providing the specifications for approximately 50,000 SF of steam pipe surface area for this project.
2) The Company’s PCAOB audit has been completed and the Company is taking the next steps to transition to a more visible exchange.
3) The Company has created a testing and demonstration model for providing data on reduction of process energy use. In laboratory testing, the Company’s the next generation and new iterations of the existing product line has been demonstrated to reduce the energy needed to maintain a steady state temperature in a chamber by approximately 40% for High Heat and 60% for EPX4.
4) The Company is seeing a significant increase in US based projects. The Company’s patented products are being used in upcoming projects on military installations for building energy efficiency, the previously mentioned hospital for steam process efficiency and asset protection, and their clear lead abatement coating, LeadX™, has been used in multiple municipal and institutional applications this year.
Francesca Crolley, VP of Business Development for Industrial Nanotech, said:
With the PCAOB audit completed, we can now take the next steps to move to a more visible exchange, something we’ve been working toward for a while. Our newly enhanced products are now better than ever, and we are also coming up with great new ways to provide industrial clients with the metrics they need to implement large scale adoption of our technology for energy efficiency. We are very excited about our new upcoming products as well, and the opportunities they will give our customers for reducing carbon emissions and saving energy, and that they will further build our reputation as a global leader in sustainable nanotechnology based solutions.