Industrial Nanotech (OTC: INTK), a global nanoscience solutions and research leader, today announced its launch of SteelTile(TM) (U.S. and international patents pending), a new extreme high-temperature thermal insulation product for use on steel mill furnaces and other high-temperature, energy intensive industrial equipment. The company’s first specification, prepared for US Steel, shows $1,722,220.81 in annual energy savings for just one of their large steel mill furnaces. SteelTile(TM) for that large furnace cost the customer $1,129,944.00, reflecting a payback period of 7.87 months for the customer to recoup their initial investment and a savings of $1,722,220.81 per every 12-month period thereafter. “We are very confident that this new product is going to be popular,” said Stuart Burchill, CEO/CTO of Industrial Nanotech, “and add substantially to our growing revenue stream, save our customers a significant amount of money, and continue to contribute to our mission of reducing global warming while simultaneously increasing the profitably of our company and our customers.”
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About Industrial Nanotech Inc.
Industrial Nanotech is a global nanoscience solutions and product development leader. For more information, visit the company’s website at www.Industrial-Nanotech.com.
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