Industrial Nanotech Announces Triple-Digit Growth Rate
February 16, 2009
NAPLES, FL - Industrial Nanotech Inc., an emerging nanotechnology company, has announced that the company maintained a triple-digit, year-over-year revenue growth for the fourth consecutive year, with gross revenues in 2008 of $1.414 million.
Stuart Burchill, CEO/CTO of Industrial Nanotech Inc., reported that the company has large deals moving forward, including a pipeline and fuel tank project with Petróleos Mexicanos, Mexico's state-owned petroleum company. Burchill reported that the deal is not being scaled back, despite lower oil prices. Other projects include an upcoming application of Nansulate High Heat and Nansulate EPX by Lyondell Chemical in Houston on large chemical tanks to insulate and protect from corrosion.