Industrial Nanotech, Inc. (Industrial Nanotech) will start producing the energy saving Nansulate coatings in Germany in the first quarter of 2009. This brings the total number of manufacturing locations for the company’s nanotechnology based products to five: two in New Jersey, US, one in Colorado, US, one in South Africa, and the newest location in Germany.
“Our launch of manufacturing in Germany, a European Union 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,” stated Stuart Burchill, chief executive officer/chief technology officer of Industrial Nanotech. We have seen a marked increase in demand for energy saving products both in the US 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.”