May 2 2007
Industrial Nanotech, Inc., an emerging global leader in nanotechnology, announced today that a NASCAR race team has purchased the Company's patented nanotechnology based coating, Nansulate(R) for use on Toyota race cars.
"This is an exciting development for our Company," states Francesca Crolley, VP of Operations and Marketing for Industrial Nanotech, Inc. "Toyota and their luxury line, Lexus, are clearly early and rapid adapters of advanced technologies. Their production vehicles consistently showcase the latest and greatest in luxury, safety, and performance features. Our success with other race teams is well documented, both on the NASCAR and on international circuits. The opportunity to prove our performance qualities to a forward thinking and innovative company like Toyota has great potential."
Nansulate(R) has been successfully utilized by Ford V8 SuperCar in Australia and a prominent NASCAR team.
Toyota is now the world's largest automaker, selling 2.35 million automobiles during the 1st quarter of 2007.