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NAPLES, Fla.--Industrial Nanotech, Inc., an emerging
global leader in nanotechnology, announced the use of the Company's nanotechnology
based coating on US Navy buildings for lead abatement. Nansulate LDX is
the Company's patented innovative lead encapsulation coating and is being
applied at a Pacific US Navy facility by a military contractor for encapsulation
of the existing lead-based paint.
This is a relatively small initial order, but it is a
very significant breakthrough in our ongoing efforts to gain market share
for Nansulate LDX throughout US Government facilities worldwide. The performance
capabilities of our new environmentally safe, water based, lead abatement
coating offers a new technology in lead abatement that can be applied
to any substrate, forming a barrier coat to seal highly toxic lead paints,"
explained Francesca Crolley VP of Operations for Industrial Nanotech.
"In addition to superior performance compared to traditional lead
encasement coatings, Nansulate LDX offers the additional benefits which
are the standard of Nansulate product line; the combination of thermal
insulation, protection against corrosion, and the prevention of mold growth
without the use of toxic moldicides. The ease of application, the performance
criteria, and surface tolerance make Nansulate LDX a premier lead abatement
coating."
Other facilities have recently utilized Nansulate LDX for superior lead
encapsulation. The application of Nansulate LDX to a commercial office
project by Southern Environmental Services in Marietta, Georgia was successfully
completed. The 30,000 square-foot building was previously contaminated
with lead. The product also offers an eco-friendly alternative for environmental
remediation.
The dangers of lead-based paint have become the object of multiple state
and federal mandatory health regulations. Approximately 75% of homes built
prior to 1978 contain lead-based paint. According to a U.S. Environmental
Protection Agency (EPA) estimate, lead abatement costs for residential
units nationwide are approximately $570 billion, with another $500 billion
estimated for the cleanup of commercial facilities. Within the past fifteen
years, encapsulation as an abatement technique has surfaced and has become
a cost-effective alternative solution, typically costing between 50 to
80% less than the cost of lead paint removal and replacement.
About Nansulate®
Nansulate® is the Company's patented product line of specialty coatings
containing a nanotechnology based material and which are well-documented
to provide the combined performance qualities of thermal insulation, corrosion
prevention, and resistance to mold growth in an environmentally safe,
water-based, coating formulation. The Nansulate® Product Line includes
both industrial and residential coatings.
About Industrial Nanotech Inc.
Industrial Nanotech Inc. is quickly emerging as a global
nanoscience solutions and research leader. The Company develops and commercializes
new and innovative applications for nanotechnology.
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.
Source: Industrial Nanotech,
Inc.
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