Industrial Nanotech Inc has announced that one of its distributors has signed a contract with Coats Plc, a textile manufacturer based in the UK. As a result, the machinery in Coats´ yarn dyehouse facility located in Bursa, Turkey, will be coated with Industrial Nanotech´s award-winning, nanotechnology-based thermal insulation and corrosion resistant products, Nansulate EPX and Nansulate High Heat industrial coating. The project will commence the week of March 16.

Francesca Crolley, VP of operations and marketing for Industrial Nanotech, said: "This is a very important economic indicator for us. Although we were able to maintain our five year track record of triple-digit revenue growth in 2008 despite the state of the world economy, our projects in Turkey, including a sale of over $1 million of our products to another textile plant in Turkey, had been put on hold as the credit crisis accelerated.

“The start of this second project, which has been planned since 2008, is a good indicator that manufacturing levels are beginning to turn back towards normal, at least in this region, and we anticipate additional progress on other projects in Turkey throughout 2009.”

All Coats yarn dyehouse machinery will be coated with Nansulate EPX and High Heat. Once that is completed, the project will extend to other areas of the factory as well as factory buildings and other Coats facilities throughout Europe.

Coats is reportedly the world's largest sewing thread and needlecraft supplies manufacturer, processor and distributor, with 25,000 employees and plants in 67 countries. The company's products are sold in 150 countries. 2008 revenue was $1.6 billion.