Darin Nellis Aug 7, 2019, 6:26 PM (4 days ago) to me
Dear Alice. In fact, I do feel terrible for the shareholders of HCT. You need to understand that I am also a shareholder of HCT. I lost a lot more than most shareholders and so did many of my family and friends. But, I want to be very clear with you: Despite dedicating myself day and night for 9 years to making HCT a success, and being compensated for a large portion of my work in promised future stock ownership, it didn’t work out. This is painful, but it is reality. The company was not able to keep up with its financial obligations. At some point, you have to move on. And, this is what I did.
Please understand that HCT never owned the patents to any of the technologies it marketed. It only licensed them out from Nanotech Industries, Inc. So, no one can claim that HCT’s technologies were somehow “stolen”. As you know, myself and several partners have decided to start our own company and the only technology we are licensing is Uramines and this is from NTI, the owner, not HCT. All of the other products we sell and the trade-craft we have developed is our own.
Again, I am really sorry it turned out this way. It frustrates me that investors of HCT were not communicated with more as HCT’s situation worsened. I have no plans to come back to HCT, but I am happy to speak with you more if you are interested.
Hybrid Coating Technologies Newsletter August 2018 - Issue No. 4 Dear Shareholder: I hope you are enjoying your summer. The past few months have been very productive for Hybrid Coating. In response to many inquiries for more information, I have included several updates below. Please understand that we are limited in the amount of detailed information that we can share publicly due to non-disclosure agreements we have with the companies we work with. Product Sales: • The company continues to sell floor coating products as well as its patented nonisocyanate urethane hardener (“Uramines”) to several coatings manufacturers in the US and South America. • HCT has also had new orders from Europe for our hardener. In order to fulfill these orders, the company has partnered with a high quality manufacturer of coatings in Italy. Product Development: • GPEC: HCT has completed the development of its Green Polyurethane™ Epoxy Cement (GPEC). The company is now in the final stages of testing together with a potential partner. The company plans on doing multiple pilot field applications of the product in the second half of 2018 and then formally launching the product at the beginning of 2019. On the final page of this newsletter you will see some of the different GPEC aggregate mix designs our Technical Field Director, Scott Kummer, has developed. • Zero BPA Epoxy: The company just signed an LOI together with a company to jointly patent and sell a new zero BPA epoxy technology that works together with its hardeners for the coating, waterproofing membrane, electrical potting and foam markets. HCT hopes to launch this new product during the final quarter of 2018. The product is not only BPA free, but also has exceptional mechanical, chemical resistance, UV resistance properties and can be created with up to 200% elasticity (see pictures below). • Foam: HCT continues to work on the development of multiple applications for zero isocyanate foam. SEC Filing Status: As you know, we filed our 2016 10k in May. We are currently working on our 2017 10k and hope to file soon. Thank you again for your continued support. As soon as more news becomes available, I will be sure to share it with you. Sincerely, Joseph Kristul Chairman & CEO, Hybrid Coating Technologies
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