News
News
 
 
Article
Hybrid to Commercialize Products on Non-Isocyanate Polyurethane Platform Tech
Source:未知    Issue:2014-03-19 14:54    Size:【Large】【Middle】【Small
 Hybrid Coating Technologies Inc. (OTCBB:HCTI) is pleased to announce that it has entered into advanced negotiations with a Fortune 500 company to modify and then commercialize one of its products based on its non isocyanate polyurethane platform technology. Hybrid expects to complete negotiations, enter into an agreement and commence product modifications in approximately 45 days. Upon successful completion of the product modifications, Hybrid expects to give worldwide exclusive rights of the modified product to this commercial partner and to retain ownership of the intellectual property. Once commercialized and after a reasonable ramp up period, management expects revenues to Hybrid from the sale of this product to reach the $20,000,000 range per annum. "We are very happy to be working with this household brand as we continue to execute on our strategic plan of partnering with industry leaders to commercialize products in different verticals of our industry based on our platform technology," said Joseph Kristul, President and CEO.

 

As part of a non disclosure agreement, Hybrid is not at liberty to divulge the identity of the potential partner.

 

Hybrid is in advanced discussions and testing with several other similar sized companies as well and expects to enter into agreements with some of these in the near future. In all, Hybrid is at different stages of discussions and/or testing with more than 24 different companies of which 11 of these are large multinationals.

 

Hybrid's patented technology is the only formulation in the world today that produces polyurethane without the use of any isocyanates in the entire production process.

 

On June 25, 2013 the Occupational Safety and Health Administration (OSHA), a division of the U.S. Department of Labor, initiated a National Emphasis Program to protect workers from the serious health effects from occupational exposure to isocyanates. Isocyanates are found in polyurethane based products. According to the OSHA, "Workers exposed to isocyanates can suffer debilitating health problems for months or even years after exposure which could result in death."

 

The U.S. EPA (Environmental Protection Agency) is looking to control and potentially outright ban isocyanates and mentioned Hybrid's technology as an alternative to toxic polyurethane in its Action Plan against isocyanates (see page 4 Figovsky and Shapovalov)

----------------------------------------------------------------------------------------------------------------------
[ Add to Favorites ]  [ Print this page ]  [ Close the window ]  [ Back to top ]
Copyright EcoSafene  闽ICP备09009213号-1