Industrial Nanotech Inc., Naples, Fla., has entered the heat process equipment OEM market with a project to provide its coatings to an industrial boiler manufacturer for application on its new equipment.
Nansulate is the company's line of protective coatings that
provide thermal insulation, corrosion prevention, lead encapsulation and
resistance to mold, fire and chemicals. Revenues from the boiler OEM deal are
estimated at $5 million annually, according to Nanotech.
“We have been successful for many years at reducing the
energy consumption of heat process equipment for customers who insulated their
existing in-service boilers with our coatings, resulting in Nansulate generally
paying for itself in 12 to 18 months,” says Francesca Crolley, Nanotech's vice
president of business development. “With these proven savings, plus the
protective benefits that our coatings offer … it was a natural progression for
manufacturers of this type of equipment to begin to install it at the factory
to make their products more energy efficient."
This is the company's first step into the OEM market for
energy efficiency of heat process equipment such as boilers, heat exchangers,
steam traps, valves, distribution and return lines, and pressure-reduction
stations, according to Crolley.
of our textile clients reduced its liquid natural gas consumption in 2007 and
2008 by 2,211,599 standard cubic meters, which was a cost savings directly
attributed to Nansulate insulation coatings of $852,437," she says.
"Their investment in the purchase of Nansulate was $200,000 and
installation cost was $100,000, therefore their payback period was only seven
months," representing a 20 percent energy use reduction.
Coatings Firm Enters OEM Heat Process Market
April 21, 2011