BREAKING NEWS January 12, 2017
Authorized Share Increase Approved by BoD:
Our Board of Directors approved on January 9, 2017
Nov 11, 2016
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To approve the increase in authorized share capital to 25,000,000,000 shares of common stock (“Common stock”) (the “Common Stock Authorized Share Capital Increase”);
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|2. || |
To approve the increase in authorized share capital to 55,000,000 shares of Series B Preferred Stock (the “Series B Authorized Share Capital Increase”);
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Hybrid Key Milestones Accomplished For 2016 And General Outlook for 2017
San Francisco CA, November 9, 2016 -- (MARKET WIRE) – Hybrid Coating Technologies Inc.
(HCTI: OTCBB) is issuing this press release to summarize the key milestones achieved by the
company in 2016 and to give a general outlook for 2017.
Coatings in 2016:
Industrial Finishes & Systems, Hybrid’s distributor in the U.S., has made significant progress in
distributing Hybrid’s products around the U.S. with large flooring installations in various parts of
Hybrid is currently working with IF to carry out new independent testing of its products, which
will allow it to further distinguish the mechanical and chemical resistance superiority of its
products over other products in the market.
Hybrid made significant progress in establishing sales in Europe. The company is now currently
working with companies who plan to use Hybrid’s proprietary zero isocyanate catalysts in Italy,
France, Spain and Germany.
The company has also put a significant amount of time and effort into lowering its manufacturing
costs. Part of this effort includes the setup of a new toll manufacturer now manufacturing Green
Polyurethane™ for Hybrid in Europe to serve its European based clients.
The company made considerable in-roads in Southeast Asia in 2016. After testing at Chinese
state agencies, Hybrid’s floor coating formulations were found to be far superior to conventional
floor coating systems currently on the market. Hybrid now has multiple Chinese companies who
have tested its products and who now want to do large scale field trials. The company is also
working with top 5 coatings companies in South Korea and Japan who are interested in Hybrid’s
zero isocyanate polyurethane.
In 2016 one of Hybrid’s Fortune 500 coatings partners used Hybrid’s zero isocyanate catalyst to
develop and launch their own commercial coating product with a second product also expected
to be launched.
Foam in 2016:
Hybrid entered into a joint development agreement with a Fortune 500 partner with a potential
$20M per year revenue for Hybrid post development and after a reasonable ramp up period.
The company entered into advanced discussions with a Fortune 500 company to jointly develop
a foam product with a $10 billion addressable market.
Hybrid also entered into advanced discussions with a company for a joint development
agreement for a foam product with a $35 billion addressable market.
Hybrid expects to start generating approximately $2 million in consistent revenues in 2017
comprised of $1.2M from its US coating distributor, as per its distribution agreement, and
approximately $800,000 from several European coating manufacturers and distributors. Hybrid
is not factoring any revenues from any foam products, however, it is possible that one or more
foam products may be ready for commercialization during 2017. http://www.hybridcoatingtech.com/pdf/Key_Milestones_11_9_16.pdf *** Sept 22, 2016
Hybrid Head Scientist Wins Gold Medal From IFIS For Core Technology Patent
San Francisco CA, November 1, 2016 -- (MARKET WIRE) – Hybrid Coating Technologies Inc.
(HCTI:OTCBB) is pleased to announce that its head scientist, Dr. Oleg Figovsky, has won two
gold medals from the International Federation of Inventor’s Association (IFIA) for two of Hybrid’s
non-isocyanate polyurethane platform technology patents. The IFIA is a non-profit organization
established in 1968 with members in 95 countries. “Over the past several years Hybrid’s
technology has won several awards including the Nanotech Briefs ‘Nano 50 Technology Award’
from NASA, a finalist mention at the 2010 Polyurethane innovation Competition and the EPA
Presidential Green Chemistry Award in 2015,” said Joseph Kristul president and CEO.” “We are
very pleased to see the continued and growing interest for our technology by different
organizations, corporations and governmental bodies and we believe that we are very well
positioned to address the growing urgency for non-isocyanate based polyurethane products.”
Aug 25, 2016
May 05, 2016
Hybrid Fortune 500 Partner Launches Green Polyurethane™ Based Coating Product
Feb 11, 2016 http://www.otcmarkets.com/stock/HCTI/news/Hybrid-Signs-Definitive-Agreement-With-Fortune-500-Partner----20M-Potential-Revenue-Per-Annum?id=125124&b=y
Hybrid Signs Definitive Agreement With Fortune 500 Partner - $20M Potential Revenue Per Annum
Jan 13, 2016 http://www.otcmarkets.com/stock/HCTI/news/Hybrid-Enters-Into-Definitive-Distribution-Agreement-With-Industrial-Finishes--amp--Systems?id=123102&b=y
Hybrid Enters Into Definitive Distribution Agreement With Industrial Finishes & System
TRUE Green Poly’s™ complete lack of isocyanates and VOCs make it a great solution for contractors, architects and organizations
concerned about their employees, customers, residents and guests’ well-being. The product’s lack of noticeable odor cannot be overlooked.
Exceptional Durability – With proper floor preparation, TRUE Green Poly™ provides a finish that can withstand
trafficand heavy equipment, repeated cleaning, and no diminished gloss.
100% Solids – TRUE Green Poly™ is a “true” 100% solids product. No evaporation; no shrinkage. For your application
this means greater coverage witha smaller amount of material. It’s easy to achieve your desired thickness
in one coat with TRUE Green Poly™, saving you time, money and hassle.
Anti-Corrosive – In environments such as kitchens or agricultural operations, TRUE Green Poly™ can
withstand exposure to caustic chemicals that often destroy other coatings.