Announces Beijing Woven Energy Efficiency Technologies as New Nansulate® Distributor in China
Naples, Fla.- Industrial Nanotech, Inc., an emerging global leader in nanotechnology based energy saving solutions, today announced that the Company has entered into an agreement with Beijing Woven Energy Efficiency Technologies Ltd. to serve as exclusive distributor in China for key strategic vertical markets.
Woven will focus on the petrochemicals/oil & gas, food and beverage manufacturing, and construction markets for Industrial Nanotech, Inc.’s patented Nansulate® product line of thermal insulation and protective coatings.
Beijing Woven Energy Efficiency Technologies Ltd. specializes in marketing and selling building and industrial insulation products and providing project installation services throughout the China market. Since its inception in 2007, Beijing Woven Energy Efficiency Technologies Ltd. has enjoyed rapid growth within China’s booming construction industry.
“China’s focus on sustainable development and minimizing energy costs across industries means that products, technologies and operational processes such as Woven’s will be in great demand for years to come”
“China’s focus on sustainable development and minimizing energy costs across industries means that products, technologies and operational processes such as Woven’s will be in great demand for years to come,” stated Vida Zhang Fargis, Director of International Division, Beijing Woven Energy Efficiency Technologies. “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. We have a highly dedicated team with an insulation focused portfolio that has now expanded into new industrial areas beyond our core expertise in the building industry. With the strong support from Industrial Nanotech Inc., Woven will drive distribution through our nationwide network across the targeted vertical industries.”
Francesca Crolley, V.P. Business Development for Industrial Nanotech, Inc., explains, “Beijing Woven is an impressive company with experience and success introducing international products to the market in China and rapidly expanding their market share. This is exactly the type of distributor we have been looking for to promote our unique energy saving and protective solutions to this important market. They have an existing, well established and proven network of experienced distributors throughout China and have already begun introducing Nansulate to this network, which will significantly increase the rate of adoption in China to these key industrial and commercial sectors. The international market for Nansulate has been a strong one since the beginning and now that we have secured a prominent business organization in China as our distributor, we expect international sales to increase dramatically in the coming year.”
China’s economy has been one that major international companies have shifted focus to as they experience growth there while other markets have contracted. China’s 12th five-year plan (2012-2017) has a targeted annual GDP growth rate of 7%.