SAN FRANCISCO, Aug. 25, 2016 (GLOBE NEWSWIRE) -- Hybrid Coating Technologies Inc. (OTCBB:HCTI) is pleased to announce that after several years of development, Comex a division of PPG Industries Inc. (see About PPG below) has created a new coatings product utilizing Hybrid’s zero isocyanate Polyurethane technology. The product was recently launched in the Mexican market and is now sold in PPG-Comex stores in Mexico. PPG-Comex developed and launched the product in an effort to bring more environmentally friendly green products to customers without compromising on performance. The coating product has been reported to work exceptionally well and was found to perform better than competitor’s products on both durability and coating properties. “We are very excited to be working in partnership with PPG-Comex the world’s largest industrial coatings company,” said Joseph Kristul President and CEO, “this is yet another example of the commercial value of Hybrid’s unique technology.”
Later this year, PPG-Comex will also be launching a second coating product based on Hybrid’s zero isocyanate Polyurethane technology.
This product launch demonstrates the strong desire and ability for companies to develop their own products using Hybrid’s zero isocyanate Green Polyurethane™ Hardener as a raw material. It also demonstrates a strong market demand for Green Polyurethane™ by some of the largest coatings companies in the world. Hybrid’s end goal is for numerous companies to develop multiple products based on Hybrid’s zero isocyanate Green Polyurethane™ Hardener as legislation for isocyanates eventually becomes more restrictive, thereby allowing Hybrid to deeply and broadly penetrate the coatings market not only as a finished goods supplier, but also as a raw materials supplier. Hybrid is and continues to be the only supplier in the world of zero isocyanate polyurethane hardener and zero isocyanate polyurethane based finished goods.
This press release was first issued on May 5, 2016
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.
