NAPLES, FL– INTK, (Marketwired – Jun 6, 2016) – Industrial Nanotech, Inc. (OTC PINK: INTK), a global leader in nanotechnology-based energy saving solutions, today announced that the Company has signed an agreement with and received the first purchase order from a major new customer in the Chinese province of Sichuan, one of the China’s most important economic, financial, commercial, cultural, transportation, and communication regions.
The initial purchase order is for $369,876.84 US of the Company’s patented industrial products and annual revenue to the Company from this customer is anticipated to be between $5 million and $10 million dollars US, depending on economic conditions.
About Industrial Nanotech, Inc.
Industrial Nanotech Inc. is a global nanoscience solutions and research leader. The Company develops and commercializes new and innovative applications for sustainable manufacturing and buildings which are sold worldwide, including patented thermal insulation and asset protection coatings, which provide energy savings, thermal insulation, corrosion resistance, prevention of CUI, moisture resistance, UV resistance, chemical resistance, and other protective benefits. The coatings are low VOC, water-based, and sustainable.
Additional information about the Company and its products can be found at www.industrial-nanotech.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.