Hybrid Develops Anti-Graffiti Coating With Fortune 500 Partner -
SAN FRANCISCO, Nov. 6, 2015 (GLOBE NEWSWIRE) -- Hybrid Coating Technologies Inc. (OTCBB:HCTI) is pleased to announce that one of its Fortune 500 coating partners has recently developed an anti-graffiti coating based on Hybrid's non-isocyanate platform technology. According to a recently published article, https://rainguard.com/coatings-made-to-combat-graffiti/ graffiti clean-up in the US has grown to a $12 billion industry in the past year and is expecting to continue to grow as graffiti based vandalism increases. Cities and municipalities are passing various legislation that dictate how quickly property owners must remove graffiti from their properties. Traditional removal methods are expensive and time consuming often requiring the use of toxic solvents. The anti-graffiti coating based on Hybrid's technology can be cleaned using high pressure water spraying and does not require the use of any solvents in the entire clean-up process. "We are happy to add yet another product in our portfolio that addresses a large vertical in the polyurethane industry," said Joseph Kristul President and CEO. "As we continue to execute on our business strategy of having a presence, in conjunction with a large partner, in every major sector of the polyurethane industry, to maximize sales and market penetration." Hybrid's new partnered product is the only non-isocyanate polyurethane anti-graffiti coating in the world. Hybrid's Fortune 500 partner is finalizing certain testing on the coating after which it will launch commercially. This is a great example of the types of products that Fortune 500 and other partners can develop using Hybrid's technology. In this way as the polyurethane industry starts to move away from isocyanates, companies can develop their own products using Hybrid's technology and purchase binder (the non-isocyanate part of the product) directly from Hybrid rather than purchasing isocyanates as they do today. Hybrid anticipates that in the future many more companies will respond in this way as regulators continue to crack down on isocyanates and Hybrid's technology may very well become one of the main replacements of isocyanates for the entire industry. Over US$16 billion of isocyanates are sold globally each year.
I shared this find a couple weeks ago with Sharpie and no one commented, I was shocked. A lot of smart ppl on this board I'm sure we will figure it out. I also walked through Lowes and Home Depot looking at all Polyurethane. I plan to redo my deck soon. I'll let you know what I find.
My opinion is its ours. That company doesn't do R&D. And as far as we all know NO ONE has what we do. REVENUE!!!
I do have some calls made. I'll let you all know how I make out.
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