Nanotechnology Now - Press Release: Industrial Nanotech Distributor Awarded Contract to Supply Nansulate® for BioFuel Refinery Project

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Abstract:
Industrial Nanotech, Inc., announced today that its Oklahoma-based distributor, Pioneer Builders, has been awarded a contract to supply over 800 gallons of the Company's patented thermally insulating and corrosion resistant coating, Nansulate®, for a new biofuel facility being built by Greenlight Biofuels, Ltd. Pioneer Builders will apply the nanotechnology-based coating on large tanks, lines, and other refinery equipment being installed in the new facility.

Industrial Nanotech Distributor Awarded Contract to Supply Nansulate® for BioFuel Refinery Project

NAPLES, FL | Posted on August 8th, 2007

Industrial Nanotech, Inc. (Pink Sheets:INTK), an emerging global leader in nanotechnology, announced today that its Oklahoma-based distributor, Pioneer Builders, has been awarded a contract to supply over 800 gallons of the Company's patented thermally insulating and corrosion resistant coating, Nansulate®, for a new biofuel facility being built by Greenlight Biofuels, Ltd. Pioneer Builders will apply the nanotechnology-based coating on large tanks, lines, and other refinery equipment being installed in the new facility.

"Biofuels and biofuel refinery construction represent an exciting and fast growing industry that is critical to creating economically and environmentally responsible fuel sources," stated Francesca Crolley, V.P. Operations & Marketing. "Nansulate® can significantly increase the efficiency and lifespan of plant and equipment at biofuel facilities, offering a clean, earth friendly solution to issues of thermal insulation and corrosion protection that many facilities face daily. This contract is an important milestone as we continue to increase our market penetration of a variety of significant industrial market sectors."

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About Industrial Nanotech, Inc.
Industrial Nanotech Inc. is quickly emerging as a global nanoscience solutions and research leader. The Company develops and commercializes new and innovative applications for nanotechnology. Additional information about the Company and its products can be found at their websites, ( http://www.industrial-nanotech.com ) and ( http://www.nansulate.com ).

About Nansulate®

Nansulate® is the Company's patented product line of specialty coatings containing a nanotechnology based material and which are well-documented to provide the combined performance qualities of thermal insulation, corrosion prevention, and resistance to mold growth in an environmentally safe, water-based, coating formulation. The Nansulate® Product Line includes both industrial and residential coatings.

Safe Harbor Statement

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

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Contacts:
Investor Relations
Beverly Jedynak
President
Martin E. Janis & Company, Inc.
312-943-1100 ext. 12
bjedynak @ janispr.com

or

Media Inquiries
Laura Grock
Vice President
Martin E. Janis & Company, Inc.
312-943-1100 ext. 13
lgrock @ janispr.com