Welcome to our dedicated page for Industrial Nanotech news (Ticker: INTK), a resource for investors and traders seeking the latest updates and insights on Industrial Nanotech stock.
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Industrial Nanotech, Inc. (INTK) has announced a strategic shift in communication, with CEO Stuart Burchill taking direct responsibility for shareholder interactions. Starting Nov. 10, 2022, Burchill will host weekly Q&A sessions via Zoom and publish regular updates on company initiatives. Key updates include a rescheduled trip to Dubai for business opportunities worth $22 million, updates on the SteelTile™ product, and ongoing legal matters regarding disinformation. The company anticipates its Q3 financial results by Nov. 15, projecting continued revenue growth.
Industrial Nanotech announced that Kevin Buchler, the Director for the UK and Europe, will speak at the EEMUA’s Storage Tanks Seminar on November 24, 2022, in Chester, UK. The seminar will address Storage Tank Insulation and tackle challenges related to tank storage degradation, inspection, maintenance, and the energy transition. EEMUA aims to enhance the safety and operational performance of industrial facilities globally.
Industrial Nanotech, Inc. (Pink Sheets: INTK) has announced the launch of SteelTile™, a new high-temperature thermal insulation product aimed at steel mill furnaces and energy-intensive industrial equipment. This innovation can save US Steel $1,722,220.81 annually for a single furnace, with a payback period of just 7.87 months. Given escalating energy costs, the product is expected to appeal broadly within the steel industry. The CEO expressed confidence in SteelTile™ significantly enhancing revenue and contributing to environmental goals.
Industrial Nanotech, Inc. (INTK) has announced significant developments in its corporate strategy, focusing on the Middle East. The company opened an office in Dubai in Q3 2022, resulting in multiple projects lined up, including an oil & gas project worth $22 million over 24 months for Kuwait Oil & Gas Company. Additional projects include residential villas in the UAE and a municipal project in Riyadh, Saudi Arabia. The company aims to attract Middle Eastern investors to enhance shareholder value and counter current US market weaknesses.
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