Home / Knowledge / News / Information Technology / Industrial Nanotech Y-O-Y revenue growth rate climbs to 255%

Industrial Nanotech Y-O-Y revenue growth rate climbs to 255%

02
Apr '08
Industrial Nanotech Inc, an emerging global leader in nanotechnology, reported that revenues from product sales in the first quarter of 2008 increased approximately 255% over the first quarter of 2007.

The average annual year over year total revenue growth rate for the Company for the past three years is 162% per year.

Q1 2008 revenue numbers include the revenue from only the first container of the ten container, $1,070,000.00 US order announced on 3/11/2008 and being shipped to the textile plant in Turkey over ten months at a rate of one container per month.

The first container was shipped in March 2008. An increase in the volume of individual sales to homeowners and business/factory owners, both in the US and in Europe, and a container shipment to the Company's exclusive distributor in Italy also contributed to the increase.

"We are fortunate to be experiencing the significant increase in revenue growth rate that the Company has been able to achieve in a difficult economic climate," said Stuart Burchill, CEO/CTO of Industrial Nanotech Inc.

"We have executed a marketing plan for our Nansulate products that has a particularly strong impact in today's energy conscious world. We continue to hear positive reports from the loyal customer base of both industrial and residential customers regarding our products. Consumers recognize our flagship line, NANSULATE, as the premium solution for saving energy, thermal insulation, corrosionresistance, mold prevention, and lead encapsulation."

Mr. Burchill continued, "With the success of our current Nansulate line, and the products we have coming to market, we are well positioned as a leader in nanotechnology and green technology for years to come."

Industrial Nanotech Inc


Interviews View All

Top executives, Textile industry

Top executives
Textile industry

Overall, Union budget 2018-19 is very balanced

Veronique Lee, Modavanti

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Karel Williams, Dow Microbial Control

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Carmen Silla,

Carmen Silla

Leading the transformation of the textiles industry with disruptive...

Roz Guarnori,

Roz Guarnori

FESPA Global Print Expo 2019, to be held in Munich from May 14-17, is...

Rajat Jaipuria,

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Andreas Lukas, Andritz Nonwoven

Andreas Lukas
Andritz Nonwoven

With forces in engineering and process development, Andritz Nonwoven...

Mark Paterson, Technical Absorbents Ltd

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Marten Alkhagen, Swerea IVF AB

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Aneeth Arora, Péro

Aneeth Arora
Péro

The Woolmark Company has partnered with handmade fashion label Péro and...

Silvia Venturini Fendi, Fendi s.r.l

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Sonam & Paras Modi, SVA

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


November 2019

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search