Industrial Nanotech To Provide Nansulate® To Heat Process Equipment OEMs

Naples, Fla.-based Industrial Nanotech Inc. — a supplier of nanotechnology-based specialty
industrial coatings — reports it has entered into an agreement with an industrial boiler
manufacturer to provide its Nansulate® energy-saving protective coating for application on all of
the manufacturer’s new equipment. Industrial Nanotech reports revenues from the deal, which marks
its entrance into the heat process equipment original equipment manufacturer (OEM) market, are
estimated to be worth approximately $5 million annually. The company’s environmentally safe
Nansulate coatings are water-based and offer thermal insulation, corrosion prevention, resistance
to mold growth, fire resistance, chemical resistance and lead encapsulation.

“We have been very successful for many years at reducing the energy consumption of heat
process equipment for our previous customers who insulated their existing in-service boilers with
our coatings, resulting in Nansulate® generally paying it for itself in 12-18 months,” said
Francesca Crolley, vice president of business development, Industrial Nanotech. “With these proven
energy cost savings, plus the protective benefits that our coatings offer and their long-term
durability, it was a natural progression for manufacturers of this type of equipment to begin to
install it at the factory to make their products more energy efficient. This project is an
important first step into the OEM market for energy efficiency of heat process equipment, including
boilers, heat exchangers, steam traps, valves, distribution and return lines, and pressure
reduction stations and is a valued addition to our other current OEM projects which include
building materials and consumer goods.”

March 22, 2011