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Sunday, September 25, 2022

Industrial Nanotech Inc. (OTCMKTS: INTK) Heating Up as Revenues Increase Exponentially and Company Reports a Net Income

Industrial Nanotech Inc. (OTCMKTS: INTK) is heating up and running northbound after the Company signed a distribution agreement with Lowe’s Inc. through the company’s wholly owned subsidiary, Syneffex Inc. INTK has big plans to uplist to Nasdaq and its exponentially growing revenues suggest they very well might achieve it. INTK recently reinstated its working relationship with Pemex, Mexico’s oil and gas company with assets of $96.8 billion US and revenue of $44.3 billion US. INTK has initiated a tank project with Pemex and projects $5-10 million in revenue from Pemex in the remainder of 2022 and management projects Pemex will be one of its larger revenue streams in 2023, exceeding previous 2014 projections of $67 million US annually. Industrial Nanotech projects total revenues for the second quarter of the 2022 fiscal year to exceed $5 million. Management states they are intensely forward-focused on exponentially growing revenue in the second quarter of fiscal 2022 and repeating that pattern in Q3 and Q4 of 2022.  In addition, a stock buyback will take place commencing June 1, 2022. Industrial Nanotech has a pink stream listing and intends to list on a senior exchange in 2023. Additionally, management expects to grow to quarterly revenue of $16 million or $64 million annualized, by the final quarter of 2022.  

INTK clients include Koch, Caterpillar, Truck Hero, GRH, Citgo, Royal Caribbean International, Nasa, Walmart and Yamaha to name a few. Upcoming initiatives include: Sales for the Superbonus 110 program in Italy and the other EU energy efficiency programs will begin toward the end of Q2 2022 as the weather warms. The Company is completing the final requirements of Royal Caribbean Cruise Lines as provided on their extensive “Compliance Questionnaire” and sales to this customer will begin in Q2 2022. INTK recently assigned one of its new enterprise account managers, Luke Smith, to the Caterpillar account and the Company will be providing a detailed update on the Caterpillar project during the May 26 live Zoom shareholder event. The railroad car project is focused on the design of the mobile application equipment and we will share details of this and the expected revenue ramp up timeline during the May 26 live Zoom shareholder event. The initial focus will be on 9300 cars. There are approximately 500,000 tank cars in the US. The revenue to the Company per tank car is approximately $35,000 US. 

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Industrial Nanotech Inc. (OTCMKTS: INTK) is a rising global nanoscience solutions and research leader. The Company develops and commercializes new and innovative applications for sustainable manufacturing and buildings which are sold worldwide, including patented thermal insulation and asset protection coatings which provide energy savings, thermal insulation, corrosion resistance, prevention of CUI, moisture resistance, UV resistance, chemical resistance, and other protective benefits. The coatings are low VOC, water-based, and sustainable. The Company manufactures the products at a factory in Sumter, South Carolina and sells the products directly through the Company’s subsidiaries and through distributors in the US and internationally. INTK clients include Koch, Caterpillar, Truck Hero, GRH, Citgo, Royal Caribbean International, Nasa, Walmart and Yamaha to name a few. The Company’s products can be found at www.syneffex.com and www.talkingpaint.com

Industrial Nanotech, Inc. | Nanotechnology Company | NPDSyneffex Inc. & Talking Paint Inc. Principal product line developed, patented, and sold by the Company is a 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. Industrial Nanotech currently owns patent rights to the combination of a specific category of nanocomposites and a variety of secondary “carrier” components used in these products. The Company is an active participant in research and development with leading laboratories exploring nanotechnology. The current product line developed, patented, and sold by the Company is called Nansulate® and is the Company’s 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. Additional products are either in the Research and Development Phase or the Product Launch Phase of development and commercialization. 

The Company’s products are sold throughout the world both directly to the consumer through the Company’s websites and through a network of exclusive distributors, non-exclusive distributors, and independent sales representatives Industrial Nanotech rents warehouse space and office space in Denver, CO and Naples, FL. The majority of issuer’s research, manufacturing, warehousing, and order processing is performed at the facilities of third party vendors or contract partners at their facilities. 

Industrial Nanotech is doing big numbers: in May the Company reported sterling financial results for the first quarter ended March 31, 2022. The company posted a March quarter revenue record of $3m, up 678% on the previous quarter (December 31, 2021) of $385,793; the most positive result ever recorded in the company’s history. Net income increased to $1.6 million, compared to a net loss of $297,181 in the fourth quarter of fiscal 2021. INTK delivered an exceptional first-quarter performance with record revenue profitability, driven by strong demand and excellent execution across all levels of the business. Notwithstanding the current economic climate, Industrial Nanotech, Inc. continues to deliver strong financial performance, due in part to its unique business model and products. The key distinguishing attributes of this model, which include innovation, creating new technologies, launching new brands and products, as well as engaging with customers and shareholders, will only grow stronger over time as the company expands and produces more products and solutions. 

Industrial Nanotech projects total revenues for the second quarter of the 2022 fiscal year to exceed $5 million. Management states they are intensly forward-focused on exponentially growing revenue in the second quarter of fiscal 2022 and repeating that pattern in Q3 and Q4 of 2022.  In addition, a stock buyback will take place commencing June 1, 2022. Industrial Nanotech has a pink stream listing and intends to list on a senior exchange in 2023. Additionally, management expects to grow to quarterly revenue of $16 million or $64 million annualized, by the final quarter of 2022. The company has executed several shifts in revenue strategy to ensure successful navigation of what the company’s executive team and advisors believe will be an economically challenging 24 to 36 months. 

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INTK recently reinstated its working relationship with Pemex, Mexico’s oil and gas company. In 2021 it is reported that Pemex had assets of $96.8 billion US and revenue of $44.3 billion US. INTK has initiated a tank project with Pemex and projects $5-10 million in revenue from Pemex in the remainder of 2022 and management projects Pemex will be one of its larger revenue streams in 2023, exceeding previous 2014 projections of $67 million US annually. In the past INTK worked with Pemex developing a new insulation protocol for their subsea pipelines which transport oil from offshore drilling platforms to onshore processing facilities. T he Company’s thinner, lighter clamshell system would replace the existing foam and concrete system. Revenue projections from that project was over $50 million US annually. The Company also worked with Pemex on applying our High Heat coating on pipes and tanks and valves on their offshore drilling platforms for thermal insulation and corrosion protection. 

Other INTK initiatives include:  

  • Sales for the Superbonus 110 program in Italy and the other EU energy efficiency programs will begin toward the end of Q2 2022 as the weather warms. EnergyProtect can only be applied when there is no possibility of cold temperature conditions, so the majority of the revenue from these projects will be realized in the end of Q2, throughout Q3, and early Q4. 
  • We are completing the final requirements of Royal Caribbean Cruise Lines as provided on their extensive “Compliance Questionnaire” and sales to this customer will begin in Q2 2022. 
  • We have assigned one of our new enterprise account managers, Luke Smith, to the Caterpillar account and we will be providing a detailed update on the Caterpillar project during the May 26 live Zoom shareholder event. 
  • Our railroad car project is focused on the design of the mobile application equipment and we will share details of this and the expected revenue ramp up timeline during the May 26 live Zoom shareholder event. The initial focus will be on 9300 cars. There are approximately 500,000 tank cars in the US. The revenue to the Company per tank car is approximately $35,000 US. 
  • We are completing the final steps of Quality Control for our new fire and burn injury alert product at our manufacturing facility dedicated exclusively to manufacturing TalkingPaint. This is the most extensive Quality Control we have every submitted any product to for obvious reasons. We are currently building our sales team for this product and expect revenue to begin in June of 2022. 
  • The stock dividend due to shareholders of record as of 1/5/2022 will definitely be issued before Mr. Burchill faces shareholders’ live questions at the live Zoom event on May 26. 
  • The Dubai trip has been moved back 3-4 weeks as Mr. Burchill is required in Spain again the week of May 9 to capitalize on significant near-term opportunities there. 

On August 10 INTK announced they have signed a distribution agreement with Lowe’s Inc. through the company’s wholly owned subsidiary, Syneffex Inc. The Syneffex Inc. products will be available on Lowe’s website for shipping and in-store pickup in approximately two weeks. 

Eric Graham, VP of Sales for Syneffex Inc, states, “It’s great to have a powerhouse such as Lowe’s be a distribution point for Syneffex products.  We look forward to this venture and the opportunity it affords Industrial Nanotech, Inc.” 

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Currently trading at a $40 million market valuation INTK os is 3,356,192,277 with 951,687,077 shares in the float. The Company has a strong balance sheet with $6 million in assets vs. $3 million in liabilities. INTK has big plans to uplist to Nasdaq and its exponentially growing revenues suggest they very well might achieve it. Industrial Nanotech projects total revenues for the second quarter of the 2022 fiscal year to exceed $5 million. Management states they are intensely forward-focused on exponentially growing revenue in the second quarter of fiscal 2022 and repeating that pattern in Q3 and Q4 of 2022.  In addition, a stock buyback will take place commencing June 1, 2022. Industrial Nanotech has a pink stream listing and intends to list on a senior exchange in 2023. Additionally, management expects to grow to quarterly revenue of $16 million or $64 million annualized, by the final quarter of 2022. INTK has a lot of room for growth from current levels and if revenues hit $16 million by Q4 and net income continues to increase current valuations should be ancient history.  We first reported on INTK on December 27, 2021 when the stock was $0.01 shortly before it started running northbound to highs of $0.0523 in March We will be updating on INTK so make sure you Subscribe to Microcapdaily so you know what’s going on with INTK.

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Disclosure: we hold no position in INTK either long or short and we have not been compensated for this article.

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