Industrial Nanotech is continuing its expansion of manufacturing locations for their patented energy saving Nansulate coatings and will begin producing the products in Germany in the first quarter of 2009. This brings the total number of manufacturing locations for their nanotechnology-based products to five including three in the U.S. with two in New Jersey and one in Colorado, one in South Africa and the newest location in Germany.
"Our launch of manufacturing in Germany, an EU member, will allow us to expand our current capabilities and create a structure to manufacture and provide our patented energy saving products at a lower landed cost in regions where we are seeing the highest growth rates and potential," said Stuart Burchill, CEO/CTO of Industrial Nanotech, Inc. "We have seen a marked increase in demand for energy saving products both in the U.S. and in Europe, and the growth that we've already experienced in this region made this a logical decision. Our overall goal is to bring affordable energy saving technology to as many markets as possible and we anticipate that this move will significantly accelerate our rate of growth in Europe and neighboring markets in 2009."
"Our launch of manufacturing in Germany, an EU member, will allow us to expand our current capabilities and create a structure to manufacture and provide our patented energy saving products at a lower landed cost in regions where we are seeing the highest growth rates and potential," said Stuart Burchill, CEO/CTO of Industrial Nanotech, Inc. "We have seen a marked increase in demand for energy saving products both in the U.S. and in Europe, and the growth that we've already experienced in this region made this a logical decision. Our overall goal is to bring affordable energy saving technology to as many markets as possible and we anticipate that this move will significantly accelerate our rate of growth in Europe and neighboring markets in 2009."
