Industrial Nanotech Inc.
(OTC: INTK)
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Industrial Nanotech Inc.
Industrial Nanotech Inc. (OTC:INTK) is a public company traded on the Pink Sheets under the symbol INTK. The company was created in 2004 in order to capitalize on new opportunities that were emerging out of the nanotechnology sector.
Industrial NanoTech Inc. today is a product-focused technology company that is applying the latest discoveries in nanoscience to the development of proprietary products and materials. These advances will eventually impact virtually every walkof life, from improved industrial capacity and profits, to lifesavingsafety features and potentially,revolutionary new approaches.
As the basis for its product development, Industrial NanoTech holds the exclusive worldwide rights to patented technologies developed by the current CEO and founder of the company. The Company also continues to developnew technologies utilizing the resources of major nationaland private laboratories.
Industrial NanoTech has developed and is now bringing to market radically improved products that deal with the costly problems of heat and energy loss, corrosion under conventional thermal insulation, and the negative health impacts of mold growth and lead in residential and industrial facilities. The products, trademarked under the brand name Nansulate™, are sold worldwide.
Not Just Better; Revolutionary
The formulations developed for Industrial NanoTech Inc. employ the latest advances in nanotechnology to create products that markedly outperform existing solutions. By operating on the nanoscale (one billionth of a meter), the company has been able to develop formulations that offer excellent thermal insulation using a thin film white or translucent coating that also provides unprecedented protection against corrosion and mold. All of these benefits are the product of new and better science using nanotechnology.
Since the first product launch in April 2004, Industrial NanoTech has expanded its initial product line of coatings for industrial, commercial and consumer use. Each coating formulation is designed for specific applications and conditions. They are marketed through a growing number of leading distributors, channel partners and corporate sales force.
While other companies continue to discuss the potential merits of nanotechnology and pursue research, Industrial NanoTech Inc. has entered the marketplace with real and viable solutions. These are solutions that are being used everyday across a wide scope of industries and applications.
The company’s philosophy is simple: management believes in bringing solutions to market that have high volume, broad-based applications. In this way, Industrial NanoTech is able to play a leading role in the development of nanoscience and its byproducts. Of course, it doesn’t hurt that the company is affiliated with leading national, university, and private laboratories including the US Centers for Integrated Nanotechnology (CINT) and Princeton Polymer Laboratories.
On the bottom line, Industrial NanoTech Inc. expects that its developments must lead to sound products with a significant advantage and that the company must use these products to drive revenues and profits.
Management Is Key
As in any junior-stage company,management plays a vital role in the company’s ability to carry out growth and return value.Industrial NanoTech Inc. is founded by a veteran team committed to seeing the company succeed and return exceptional shareholder value. Stuart Burchill, CEO, is an experienced senior manager guiding the growth of Industrial NanoTech. His efforts are backed by an exceptional Technology Advisory Board that includes leaders and some of the who’s who of the applied materials and composites industry.
Fully realized, the vision of Industrial NanoTech’s management group is to see a prosperous company that can introduce new and better products, enhance the quality of life, and accomplish these goals while returning a fair value. In the immediate, the company will use its rapid ramp-up of sales to grow revenues quickly. This should in turn, build higher valuation and allow management to invest in additional products that will benefit from the company’s excellent reputation and strong market share.
About Nanotechnology
Nanotechnology provides us with the ability to create new and original materials in an efficient manner with performance qualities heretofore unimaginable. This is due to the fact that materials behave differently at the nano scale than at the micro scale or larger. In the metric system of measurement, “Nano” equals a billionth and therefore a nanometer is one-billionth of a meter. References to nano materials, nanoelectronics, nano devices and nanopowders simply mean the material or activity can be measured in nanometers. A human red blood cell is over 2,000 nanometers long, outside the nanoscale range!
Recently, government and private institutions have devoted substantial research into finding potential valuable uses at this scale, including industrial and consumer applications.
How are Nanotechnologies Used Today?
No one can afford to ignore the dramatic developments that nanotechnology is producing in materials and the manner in which materials are designed and manufactured. For example, a plastic nanocomposite is being used for “step assists” in GM’s Safari and Astro Vans. This scratch-resistant, light-weight, and rust-proof materials generates improvements in strength and reductions in weight. Toyota started using nanocomposites in a bumper that makes it 60% lighter and twice as resistant to denting and scratching. The Chicago-based sporting goods company, Wilson, began looking into the potential of nanotechnology six years ago. It released its NCODE series of tennis rackets, which use nanocomposites, in 2004.
Composites have also made a breakthrough in the clothing industry in Eddie Bauer’s stain-resistant Nano Care™ khakis. Small whisker-like particles are used to coat the surface fibers of the fabric, creating a stain-repelling surface. Healthcare companies are now marketing antimicrobial bandages coated with silver nanocrystals. Meanwhile, silver nanoparticles on the surfaces of many new refrigerators, air conditioners, and laundry machines act as antibacterial and antifungal agents.
Semiconductor particles, or quantum dots, are currently being manufactured. These fluorescent nanoparticles are being used by biologists to stain and label cellular components. By changing the size of the quantum dot the color emitted can be controlled. With a single light source, one can see the entire range of visible colors, an advantage over traditional organic dyes. The biomedical field is manufacturing artificial bone composites from nanocrystalline calcium phosphates. These composites are made of the same mineral as natural bone, yet they have strength in compression equal to that of stainless steel.
Nanoscale materials have long been produced for certain unique applications, like those mentioned above. For a given amount of material, as particle size decreases, surface area increases. Nanoscale powders have extremely high surface area, and have found additional uses in applications such as catalysts for automotive catalytic converters, where surface areas on these unique materials can reach over 100 m2/gram.
What is the History of Nanotechnology?
The scientific community generally attributes the first acknowledgement of the importance of the nanoscale range to the brilliant Nobel Laureate physicist Richard Feynman in his famous 1959 lecture. There’s Plenty of Room at the Bottom, in which he first proposed that the properties of materials and devices at the nanometer range would present future opportunities. The term reached worldwide public awareness in 1986 due mostly to the publication of Engines of Creation: The Coming Era of Nanotechnology by Eric Drexler.
What is the Future of Nanotechnology?
Nanotechnology is expected to have an impact on nearly every industry. The U.S. National Science Foundation has predicted that the global market for nanotechnologies will reach $1 trillion or more within 20 years. The research community is actively pursuing hundreds of applications in nanomaterials, nanoelectronics, and bionanotechnology. Most near term (1-5 years) applications of nanotechnology are in the form of nanomaterials. These include materials such as lighter and stronger nanocomposites, antibacterial nanoparticles, and nanostructured catalysts. Nanodevices and nanoelectronics are farther off, perhaps 5-15 years, and will have applications in medical treatments and diagnostics, faster computers, and in sensors.
Industrial NanoTech, Inc. funds and participates in research with the world’s brightest scientists and leading laboratories. We produce materials that work in real world applications, increasing productivity and efficiency. Our goal is to apply knowledge and use the new advantages of nanotechnology to deliver breakthrough products based on better technology.
Products
Industrial Nanotech Inc. has developed a patented line of industrial grade liquid applied insulation and corrosion inhibitor. This line is designed to insulate, protect from corrosion, conserve energy, and prolong capital asset life. It can be applied to a wide variety of substrates due to its exceptional adhesive properties.
Each product formulation is designed to address specific surface problems. They are sold under the registered trademark NansulateTM.
Industrial Nanotechnic
The line of Industrial Nanotech formulations includes:
* NansulateTM Translucent PT – (Pipes and Tanks) is a Direct to Metal coating designed for applications to areas such as ducts, pipes, and tanks.
* NansulateTM Translucent GP – (General Purpose) launched to overcome the perception in the marketplace that Nansulate PT was only suitable for pipes and tanks.
* NansulateTM Translucent HH – (High Heat) designed to handle high heat applications such as boiler tanks and hot metal surfaces.
* NansulateTM HomeProtect – (ClearCoat and Interior) is a consumer level line of coatings suitable for general purpose in home contractor applications.
* NansulateTM LDX – is a lead encapsulation coating for residential and commercial use.
* NansulateTM Chill Pipe – is formulated for cold temperature applications on pipe, tanks, and other equipment.
* NansulateTM Top Coat – is a white, semi-gloss top coat to add color solids over the translucent base.
* NanoPrime – is a primer to ensure high adhesion rate when using Nansulate™ coatings.
No known material formulation offers the level of insulation combined with superior corrosion protection, condensation prevention, and adhesion properties of Nansulate™ coatings. All Nansulate™ products offer the added advantage of ease of application and the ability to insulate using a fraction of the space required by other materials.
Market Overview
As stated by the U.S. Undersecretary of Commerce for technology, nanotechnology is likely one of the largest growth markets of the next decade: “The National Science Foundation, in consultation with a wide array of experts, has projected that the global market for nano products could reach $1 trillion by 2015. By comparison, total U.S. GDP is approximately $10.4 trillion. So we’re talking about a market for nanotech products equal to about 10 percent of the entire U.S. economy today. And I for one would bet this is an underestimation.” – Phillip J. Bond, Undersecretary of Commerce for Technology, United States Department of Commerce, April 4, 2003, at the National Nanotechnology Initiative 2003, Washington, DC. This view is indicative of both industry and government’s long-term outlook for the growth and adoption of nanotechnology in all sectors.
Combined U.S. Target Market Spending Exceeds $294 Billion
The unique nature of Industrial Nanotech’s Nansulate™ line means that the products compete in both the thermal insulation and anticorrosion markets. These products may displace other products as a new category for nano-based composite coatings emerges.
The annual cost of corrosion in the United States alone is estimated to be $276 billion dollars. The world demand for thermal insulation materials is projected to increase approximately 3% per annum through 2006. The annual demand for thermal insulation in the United States is projected to be $18 billion dollars in the United States.
Global Market Even Larger
While the cost of corrosion in the United States is significant, it pales in comparison to global markets. Virtually every industrialized country with a working infrastructure has a significant need to protect structures against corrosion. This is especially true in tropical climates where heat and condensation speed the corrosion process. Spending on protection against corrosion and corrosion under insulation is estimated at $xx billion worldwide.
Insulation products are used for a variety of purposes, depending on climate. They are made up of many different materials and vary among geographic regions. The applications for insulation in industrial, commercial and residential markets account for annual sales of about $xx billion globally.
Competitive Landscape
The five major global players, who offer insulation or industrial coating solutions, dominate the market. However, not one of these large players offers a nano-based composite coating addressing both components, nor have they indicated their intent to introduce one.
Direct competition for the company’s target markets comes from a number of small companies offering various formulations of coatings containing either ceramic microspheres or glass beads. These products have significantly inferior insulating values to those of the nanocomposite used by the Company, but these companies have the advantage of being well established in the marketplace. There are also a wide variety of other types of insulation, which, although do not offer insulation performance or other significant benefits of the Company’s products, are well established and familiar to the marketplace. In addition, effective corrosion protection coatings are a well-established product. However, the cost and logistics of using a two-part system of standard insulation over a corrosion protection coating presents a significant opportunity for the company’s products which solve both problems with one, easy-to-apply, product.
For these reasons, Management believes that the company’s Nansulate™ product line is unique in nature and will complete against inferior products with an established user base and known brand identity.
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