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NAPLES -- Industrial Nanotech Inc. entered into an exclusive distribution agreement with Beijing Woven Energy Efficiency Technologies Ltd., a insulation provider based in China.
Naples-based Industrial Nanotech manufactures and sells a patented line of insulation, called Nansulate, that is water-based and environmentally safe.
“The new initiative from the Chinese government for retrofitting non-insulated, pre-1980's buildings and the mandate from the Ministry of Public Security for A-level fire resistant building insulation materials will be an excellent opportunity for Nansulate solutions during the next decade,” says Vida Zhang Fargis, director of Beijing Woven's international division.
Industrial Nanotech generated $1.38 million in revenues over the year ended March 31, according to Yahoo Finance.
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