New Product For Bee Keepers: Bee Protect
NAPLES, Fl., Oct 14, 2008 (BUSINESS WIRE) — Industrial Nanotech, Inc. (Pink Sheets: INTK), an emerging global leader in nanotechnology, announced today that the Company has launched a new patented product for the agricultural market that provides a solution to the growing crisis that threatens 15 billion dollars worth of crops in the US and billions more worldwide. Failure to halt this decline has the potential to decimate agriculture worldwide and triple food prices. Potential revenue to Industrial Nanotech for this product is over 2.5 billion dollars US.
“As reported in testimony to the US House of Representatives about this crisis on 3/29/2007, just in the United States there are nearly 100 critical crop species, or one third of all agriculture, that rely on annual pollination to produce a harvest,” states Stuart Burchill, CEO/CTO of Industrial Nanotech. “No pollination, no food. The primary pollinators worldwide are commercially maintained honeybees. The problem is that bee colonies are dying and have been decimated by 30 – 40 % since 2006 by what is called ‘colony collapse disorder’, threatening the crops both in the United States and around the world.”
Mr. Burchill continues, “Directly affected crops including soybeans, almonds, peaches, apples, pears, cherries, raspberries, blackberries, cranberries, watermelons, cantaloupes, cucumbers and strawberries. Additionally, both the beef and dairy industries are affected because honeybees also pollinate the clover, hay, and other forage crops necessary to feed cattle. There are over 3 million bee hives in the US, almost 9 million in Europe, and the total worldwide number of beehives is over 55 million. While may companies and agencies have been working on a solution for the past several years, our product is currently the only viable successful product on the market for this problem that we are aware of.”
The new product, Nanslate Bee Protect, is a protective coating specifically for beehives which has proven effective at halting this problem of bee loss in eight months of field trials in Hawaii, Tennessee, and Alabama and will now be marketed globally. This product is based on their patented nanotechnology coating technology and was field tested by Beehive Hawaii, LLC.
“We have working with Beehive Hawaii since the spring of this year regarding a coating that would help protect bees in their hives,” explained Francesca Crolley, V.P. of Operations & Marketing for Industrial Nanotech, Inc. “Initial research with their own hives has indicated that our product has provided a successful solution for the colony collapse disorder that has been a crucial issue in the bee industry worldwide. Their initial successful results spurred them to contact us and work together to bring out this new product which is called Bee Protect. The product is available directly from our Company, or through Beehive Hawaii, who will serve as our exclusive distributor and representative to the industry.
“For our bees, change had to begin at home,” said Antonie Botes, President of Beehive Hawaii. “You can relocate to an ecofriendly environment, change their nutritional resources and manage them the best way possible, but at the end of the day you have to improve their hives.” He stated that the screen bottom board was the only real change in the Beekeeping Industry since Langstroth introduced his hive in 1851.
Mr. Botes continued, “It is time for a revolution in the industry. That is why we are so excited about the results we are having with Bee Protect.”
Beehive Hawaii is working with world renowned researchers in the Bee industry to study the results of Bee Protect.
“We at Beehive Hawaii want to express our gratitude for the Industrial Nanotech team and their work on this project. We believe it is making a significant difference,” said Renette Botes, vice president of Beehive Hawaii.
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