Everyday this company doesnt move forward is a day the competition has.
There was a limited window for this product, and HCTI managements ineptness is letting that window close.
Polyurethanes are now made by reacting two components, one of which has toxic isocyanate groups. Isocyanates are especially hazardous to workers that spray-apply polyurethane paints. Researchers have developed less hazardous ways to make polyurethane, but they have poor performance, cure too slowly or are too expensive. In this project, TDA Research, Inc. (TDA) will develop new non-isocyanate two-part polyurethane chemistry to eliminate isocyanate toxicity and health and safety problems of current polyurethanes. TDA’s chemistry is simple to use, does not produce volatile organic chemical (VOC) emissions, and should lower the cost of applying polyurethane coatings. Most importantly, the composition of the coatings will be identical to those used today, but no isocyanates will be used to form them. TDA’s chemistry can potentially provide an isocyanate-free drop-in replacement for many existing two-part polyurethanes. Urethane coatings are one of the fastest-growing sectors of the paint and coatings industry. The 2015 world market for polyurethane military aerospace coatings is $316 million, and the world market including automotive refinish coatings and industrial coatings exceeds several billion. In Phase II TDA will optimize the precursor chemistry and polymerization processes, and demonstrate that our isocyanate-free polyurethanes are suitable replacements for today’s high performance paints.
TDA was awarded $300k to develop a non-isocyanate coating.
