Industrial Nanotech, Inc., an emerging global leader in nanotechnology, announced today that the Company is now in the development stage of a thermal insulation material that will generate electricity.
Naples, Fla. (PRWEB) August 24, 2007 — Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanotechnology, announced today that the Company is now in the development stage of a thermal insulation material that will generate electricity.
"After almost three years of research on producing thin sheets of thermal insulation which use the temperature differential that insulation inherently creates as a source for generating electricity, we are moving to the development stage and designing the first prototype material and filing the patents necessary to protect this valuable intellectual property," states Stuart Burchill, CEO of Industrial Nanotech, Inc. "The benefit of a thin sheet of thermal insulation that could be used in the walls or attics of homes or in the walls of commercial buildings and, instead of just helping conserve energy could create energy, is incalculable. The fact that there is almost always, day or night and anywhere in the world, a difference between the temperature inside a building and outside a building gives us an almost constant source of energy generation to tap into," continues Mr. Burchill."
Current alternative energy sources under commercialization around the world to reduce dependence on fossil fuels include harnessing solar power, wind power, and ocean wave power. All of these sources have the inherent drawback of intermittent power generation due to the fact that there is not always sunshine, wind, or waves available.
"This is an excellent example of Industrial Nanotech's core competency; envisioning ways for nanotechnology to solve important problems for the consumer and use our planet's resources more effectively, executing the scientific research to overcome the technical challenges involved in converting theory into reality, and implementing the commercialization of these products worldwide," explains Francesca Crolley, VP of Operations and Marketing for Industrial Nanotech. "Green Nanotech has always been a focus of our research and development and can provide a means for reducing greenhouse gas emissions and reliance on oil. The growing global success of the Company's first invention, the patented Nansulate line of energy saving protective coatings, and the resulting reduction of energy use and carbon emissions in both the residential and industrial sectors, is a testimony to our commitment to successful innovation and commercialization."