Industrial Nanotech Inc, an emerging global leader in nanotechnology, announced that Kolorgen Ltd, the Company's exclusive distributor for Turkey, has signed a contract with Denizli Basma ve Boya Sanayii a.s. (DEBA), one of the region's two largest garment manufacturers, to purchase 10,000 gallons MOL ($799,500 US Retail) of the company's patented Nansulate High Heat coating to reduce energy consumption and protect against corrosion of equipment in their textile facility.
The final total volume of the sale may increase depending on coverage rate obtained by the contractors applying the coating. Kolorgen Ltd will be the contractor for the project and delivery of product is scheduled to begin before the end of 2007 and continue at a rate of 1000 gallons per month until the end of the project.
“After the successful implementation of Nansulate (in prior textile factory applications), major textile companies have started to show real interest in Nansulate,” explained Dr. Vedat Bilgin of Kolorgen.
“We are currently negotiating with some of Turkey's biggest textile companies, and hope to finalize all these (additional) deals before the end of the year. At DEBA, the energy savings is expected to be a minimum of $1,000,000 USD/year.” Dr. Bilgin continues, “Nansulate is definitely a revolutionary product and with the current energy problems all over the world, it is THE product to be used everywhere possible.”
DEBA, located in the Denizli region of Turkey, has earned a reputation as one of Europe's most modern and high tech textile companies. Since their inception in 1973, they have grown to an annual capacity of 35 million meters of fabric, exporting 85% of their production to the US, UK, Belgium, Netherlands, Germany, Italy, Sweden, Spain and Portugal.
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