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June 30, 2008 -- Industrial Nanotech, Inc. , a manufacturer of specialty nanotech-based coatings for industrial, residential, and automotive parts, announced today that it will not open regional warehouse/retail centers in the US at this time as previously announced.
"Focusing our resources on continued new product development appropriate for this era of rapidly rising energy costs and continuing to expand market share for our current and upcoming energy saving products in the still rapidly growing industries and regions of the world is a more appropriate strategy for maintaining our long trend of high revenue growth rate at this time," states Stuart Burchill, CEO of Industrial Nanotech. "Our new Nansulate EPX product line, with its industry high thermal insulation performance, our upcoming additions to our product lines, and our continued expansion into Asia, China, and the Middle East are proving to be very resilient sources of revenue growth in this unique economic environment and we will continue to focus on these productive and successful ventures for the foreseeable future."
Nansulate EPX, has an industry high thermal insulation capability combined with exceptional fire resistance and excellent chemical resistance. Nansulate EPX also provides protection against corrosion, the ability to be applied from one eighth inch thick to several inches thick, a rapid cure time, durability in severe service environments, and is a strong, very light weight, easy-to-apply material.
"Additionally, because of our reputation as a technological innovator, we continue to receive requests from companies around the world for unique products with performance characteristics which are well within our abilities to provide," he says. "The market shows us what it is looking for and we continue to successfully develop and provide those solutions."
Industrial Nanotech, Inc. currently sells the company's products through a network of exclusive distributors and independent representatives in countries around the world including China, United Arab Emirates, Australia, New Zealand, India, Indonesia, Singapore, Canada, Brazil, Italy, Spain, England, Ireland, Turkey and many other countries and continues to expand this platform with pending deals including an exclusive distributor in Saudi Arabia.
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