Nov 1 2007
Industrial Nanotech, Inc., an emerging global leader in nanotechnology, announced today that new guidelines issued recently by the Dubai government will require all new construction in Dubai to comply with state-mandated standards for energy and environmental efficiency beginning in January 2008. The Company's exclusive distributor in the U.A.E., Al Samah Company, began work earlier this year with commercial developers to certify the company's nanotechnology-based coatings for energy efficient Green Building standards.
The new policy gives Dubai the distinction as the first Middle Eastern city to require all new buildings to be energy efficient and one of the first in the world. An energy efficient building, according to the U.S. Green Building Council, must save 70 percent on electricity, 50 to 60 percent on water and 36 percent of energy compared to standard edifices.
"It is estimated that there is approximately 100 billion dollars of construction either under way or planned in Dubai, UAE. The groundwork that our distributor, Al Samah, has been laying in the U.A.E. will allow our Nansulate coatings to be incorporated into their green construction standards in this region and provide a precedent for other countries around the world," states Francesca Crolley, V.P. of Operations & Marketing for Industrial Nanotech, Inc. "We are now positioned to make a major impact on green building construction as more regulations like these are enacted in cities around the globe."