funny HCT owns no product, but NTI is a wholly owned subsidiary of HCT. do you see the circle yet? Upon completion of all required regulatory filings, the Company appointed the senior management of Nanotech to the board of the Company. As a result of the Nanotech Acquisition, Nanotech is now a wholly owned subsidiary of the Company. ... “The Company” and “the Registrant”, as referred to herein, includes Hybrid Coating Technologies Inc. and/or its wholly owned subsidiary, Nanotech.