Industrial Nanotech Inc - INTK STOCK NEWS

Industrial Nanotech Inc (Pink Sheets: INTK) has announced the hiring of a new Global Human Relations & Recruiting Team, led by Charles Varela. CEO Stuart Burchill highlighted the company's strong product portfolio and commitment to executing their strategy through experienced talent acquisition. Recent job postings include key director roles and multiple Enterprise Account Manager positions across global locations. The company aims to offer competitive salaries and benefits, emphasizing internal promotions and training to enhance its team, which is crucial for delivering its advanced energy efficiency solutions.

Industrial Nanotech (INTK) emphasizes the importance of its renewed collaboration with Pemex, Mexico's oil and gas company. The company anticipates revenue between $5-10 million from Pemex in 2022, projecting future revenues to exceed previous estimates of $67 million annually. Other updates highlight impending sales for EU energy efficiency programs, compliance with Royal Caribbean, and developments in its mobile application project for railroads. Additionally, a stock dividend is set to be issued before the May 26 shareholder event, where CEO Stuart Burchill will address shareholder queries.

Industrial Nanotech Inc. (OTC Pink: INTK) announced a request from Pemex for specifications related to a tank project involving 3,600 gallons, valued at approximately $622,800 before discounts. The company has a successful history with Pemex, having previously supplied products for offshore drilling platforms. CEO Stuart Burchill noted that Pemex will now be managed as an in-house Enterprise Account, enhancing direct communication and operational efficiency. This new project could strengthen the long-term relationship between the two entities.

Industrial Nanotech Inc. (INTK) announced a shareholder update webinar scheduled for March 24, 2022, at 2 PM EST. CEO Stuart Burchill will review recent earnings, milestones, and discuss financial strength and sales initiatives. Key topics include M&A activities and major deal statuses, along with analyst price targets for Q2, Q3, and Q4 2022. Shareholders and investors can submit questions to enhance engagement during the session.

Industrial Nanotech Inc (INTK) provided a shareholder update highlighting significant developments in revenue streams across various sectors and regions. Key milestones include securing a deal in Mexico with Grupo Energeticos for tank farms, finalizing shipping protocols with Lowes, and customizing a coating for Caterpillar's machinery. The company is also working on retrofitting railroad tank cars and establishing a partnership in the UK for energy-saving solutions. Additionally, preparations for a stock dividend are underway. CEO Stuart Burchill anticipates substantial revenue growth over the next 3-5 years.

Industrial Nanotech (Pink Sheets: INTK) announced a partnership with a railroad tank car owner to provide thermal insulation for their tank cars. This agreement makes Industrial Nanotech the exclusive distributor to the railroad tank car industry globally. The initial focus will be on 9,300 cars, with a projected revenue of approximately $35,000 per tank car. The company aims to enhance efficiency by offering thinner, lighter insulation, allowing for greater cargo volume without increasing transport costs. To prepare for demand, they plan to hire three additional sales representatives by Q2.

Industrial Nanotech, based in Broomfield, Colorado, has announced a 6.7% stock dividend for current shareholders, equating to shares based on their holdings as of January 5, 2022. This dividend aims to reward shareholders while the company executes a $1 million Regulation D offering to bolster its team and production capacity, particularly for its innovative product, TalkingPaint. The dividend distribution will occur within 30 days, pending final approvals. CEO Stuart Burchill emphasized the company's growth and the need for expanding resources to meet increasing demand and opportunities.

Industrial Nanotech Inc. (Pink Sheets: INTK) has secured its first purchase order from Nanotech Coatings Ltd. amounting to $865,480. This marks a significant development as it initiates sales into the EU, aligned with the European Commission’s Smart Finance for Smart Buildings initiative. CEO Stuart Burchill expressed optimism, highlighting that this order could lead to a revenue potential of $45 million annually by the end of 2022. The company has worked extensively to meet certification requirements for this market.