Hybrid Coating Technologies Inc (HCTI) 0.1229 $HCTI
Hybrid Coating Technologies Expands Technology With New Polyurethane Patent to Cover Hardwood Floors
GlobeNewswire - Mon Jul 21, 9:07AM CDT
Hybrid Coating Technologies Inc. (OTCBB:HCTI) is pleased to announce that it is entering into the global wood protection coatings market, which according to reports by the research group Freedonia is valued at $4.14 billion in the US alone. The company's new patent allows for a substantial increase in the product's elongation characteristics of up to 300% while maintaining the same high quality mechanical and chemical resistant properties its products are known for. "We are very pleased to have yet another patent filed as we continue to increase our IP portfolio and broaden our reach by adding new verticals that we can service in the polyurethane industry," said Joseph Kristul, President and CEO of Hybrid.
Hybrid Signs Distribution Agreement With California Based Coatings Distribution Group
GlobeNewswire - Mon Jun 16, 9:38AM CDT
Hybrid Coating Technologies Inc. (OTCBB:HCTI) is pleased to announce that it has entered into a distribution agreement with a California based coatings distribution group that sells upwards of $100M a year in raw materials for coatings through its network. Under the terms of the agreement, Hybrid will be selling its hardener, the key component of its proprietary, two part, non isocyanate coatings formulation through the distribution network, as well the group will also sell Hybrid's finished coatings products through various retail store chains in its network. "This is an important step forward in our commercialization strategy as we target different parts of the coatings market from large Fortune 500 manufacturers to medium sized distributors in order to maximize the market penetration of our products," said Joseph Kristul, President and CEO.
Hybrid Enters into the Synthetic Leather Segment of the Polyurethane Industry
GlobeNewswire - Tue Apr 01, 8:26AM CDT
Hybrid Coating Technologies Inc. (OTCBB:HCTI) is pleased to announce that it is entering the $20B plus synthetic polyurethane leather industry. Hybrid is close to filing a patent on a variation of its nonisocyanate polyurethane platform technology for synthetic leather. Polyurethane is a primary raw material used in the manufacture of synthetic leather. According to recent market reports, demand for polyurethane dispersions like those used in synthetic leather is growing. The demand for polyurethane dispersions in 2012 was 267.1 kilo tons and is forecast to reach 369.3 kilo tons by the end of 2018, growing at a CAGR of 5.5% between 2012 and 2018. (Research and Markets Report). "The synthetic leather industry is looking for non toxic alternatives," said Joseph Kristul, President and CEO of Hybrid. "Our nonisocyanate, VOC-free polyurethane platform technology should prove quite attractive to the synthetic leather industry." Hybrid is in discussions with a large influential company in the synthetic leather industry for a potential joint development and distribution deal.
HCTI: State of California Places Isocyanates on Restricted List May Ban Outright Within 24 Months
GlobeNewswire - Tue Mar 25, 8:25AM CDT
Hybrid Coating Technologies Inc. (OTCBB:HCTI) is pleased to announce that the state of California's Department of Toxic Substances Control (DTSC) has selected isocyanates and two other substances from a list of 1,100 toxic components that it will focus on with the goal of potentially banning them altogether within the next two years. The announcement is part of a bigger effort to educate consumers and manufacturers about product safety under the Green-Chemistry Law, which went into effect in California last year. Under the law, the agency has jurisdiction to ban these products altogether after following proper protocol. That process includes workshops, a public comment period and requiring manufacturers that want to sell these products in California to determine whether it would be feasible to use safer ingredients. "We are encouraged by the announcement of the California DTSC with respect to isocyanates," said Joseph Kristul, President and CEO of Hybrid. "This is a common process that is followed prior to any new regulations being put into place. In the short span of a few years we have seen increased regulatory opposition to isocyanates. In 2011 we saw the U.S. EPA up the pressure with its MDI Action Plan, then the U.S. Department of Labor followed suit in 2013 with its National Emphasis Program against isocyanates and now local state governments like California are taking their own action."
Hybrid Enters Into Advanced Negotiations With Major Retailer
GlobeNewswire - Tue Mar 18, 8:24AM CDT
Hybrid Coating Technologies Inc. (OTCBB:HCTI) is pleased to announce that it has entered into advanced negotiations with a Fortune 500 company to modify and then commercialize one of its products based on its non isocyanate polyurethane platform technology. Hybrid expects to complete negotiations, enter into an agreement and commence product modifications in approximately 45 days. Upon successful completion of the product modifications, Hybrid expects to give worldwide exclusive rights of the modified product to this commercial partner and to retain ownership of the intellectual property. Once commercialized and after a reasonable ramp up period, management expects revenues to Hybrid from the sale of this product to reach the $20,000,000 range per annum. "We are very happy to be working with this household brand as we continue to execute on our strategic plan of partnering with industry leaders to commercialize products in different verticals of our industry based on our platform technology," said Joseph Kristul, President and CEO.
Hybrid's World Renowned Scientist Publishes Book With Leading Publisher
GlobeNewswire - Fri Feb 21, 8:22AM CST
Hybrid Coating Technologies Inc. (OTCBB:HCTI) is pleased to announce that its world renowned head scientist Dr. Oleg Figovsky recently published a book called "Advanced Polymer Concrete and Compounds." The publisher CRC Press, a division of Informa PLC (LSE:INF) with a £3.1 Billion market cap, is one of the largest publishers in the world. "We are very fortunate to have Dr. Oleg Figovsky, a leading scientist and the foremost expert in the field of non isocyanate polyurethane, as our inventor and head scientist," said Joseph Kristul, President and CEO. "His stature in the international arena and his knowledge and expertise are an important asset to our team as we continue to work with our commercial partners to finalize various modifications of our non isocyanate polyurethane platform technology according to their specifications."
Hybrid Coating Expands Technology With UV Curing
GlobeNewswire - Wed Jan 22, 8:45AM CST
Hybrid Coating Technologies Inc. (OTCBB:HCTI) is pleased to announce that it has expanded its technology with a new UV curing formulation. The Company's new formulation is the only non isocyanate UV curing polyurethane formulation in the world. This new formulation allows the Company's floor coating products to fully cure within an hour instead of 7 days which is currently the normal industry standard. "We are very excited by this new formulation as it allows for the installation of a floor coating in one day rather than several days which is presently the industry norm," said Joseph Kristul, President and CEO, "this new addition to our technology is yet another demonstration of our scientific team's ability to develop cutting edge, market relevant, eco friendly products in the polyurethane industry."
10-K/A: HYBRID COATING TECHNOLOGIES INC.
Edgar Online - Fri Dec 20, 4:05PM CST
ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS
Hybrid Coating Receives Purchase Order From Major Coatings Manufacturer
GlobeNewswire - Mon Aug 05, 8:25AM CDT
Hybrid Coating Technologies Inc. (OTCBB:HCTI) is pleased to announce that it has received its first purchase order from Consorcio Comex SA ("Comex"
. Comex is based out of Mexico City and has 7,000 employees and $1.4 billion in annual sales. Comex sells its products in the US, Mexico and South America and is the fourth largest paints and coatings manufacturer in North America with over 3,000 points of sale. "Our technology and products have undergone extensive testing at Comex's laboratories prior to being incorporated in their supply chain," said Joseph Kristul, President and CEO. "We are very excited to establish a commercial relationship with Comex which is now the second multi-billion dollar company to date that we have partnered with in our industry."
Hybrid Coating Technologies Issues Corporate Update and Guidance
GlobeNewswire - Thu Jul 11, 8:25AM CDT
Hybrid Coating Technologies Inc. (OTCBB:HCTI) is pleased to issue the following corporate update.
Hybrid Coating Technologies Inc.: US Department of Labour Moves Against Isocyanates
GlobeNewswire - Tue Jul 02, 8:25AM CDT
Hybrid Coating Technologies Inc. (OTCBB:HCTI) is pleased to announce that last week, the Occupational Safety and Health Administration (OSHA) a division of the US Department of Labor has initiated a National Emphasis Program to protect workers from the serious health effects from occupational exposure to isocyanates. Isocayanates are found in polyurethane based products. According to the OSHA, "Workers exposed to isocyanates can suffer debilitating health problems for months or even years after exposure," said Dr. David Michaels the Assistant Secretary of Labor for Occupational Safety and Health. The OSHA will focus on workplaces that use isocyanate compounds such as construction, painting and manufacturing industries in an effort to reduce occupational illnesses and deaths. For further information please see: http://www.durabilityanddesign.com/news/?fuse...mp;id=9836.
Hybrid Coating Technologies Inc.: US EPA Issues Action Plan to Deal With Toxic Isocyanates
GlobeNewswire - Mon Jul 01, 8:25AM CDT
Hybrid Coating Technologies Inc. (OTCBB:HCTI) is pleased to announce that previously, the US EPA mentioned the company's technology as an alternative to toxic polyurethane coatings in its previously issued Action Plan. In its Action Plan, the EPA discussed the dangers of isocyanates on industry employees and the general public and its desire to control and potentially outright ban isocyanates in polyurethane in the future. According to the EPA's Action Plan, isocyanates have been documented to cause asthma, lung damage and even death in certain cases. On page 4 of its Action Plan, which can be found at: http://www.epa.gov/oppt/existingchemicals/pub...ns/mdi.pdf the scientists Figovsky and Shapovalov who are the founders of Hybrid's technology and who are presently continuing to develop enhanced and new formulations for the company, are mentioned as an alternative to toxic polyurethane.
Hybrid Coating Technologies Expands Technology With New Polyurethane Patent to Cover Hardwood Floors
GlobeNewswire - Mon Jul 21, 9:07AM CDT
Hybrid Coating Technologies Inc. (OTCBB:HCTI) is pleased to announce that it is entering into the global wood protection coatings market, which according to reports by the research group Freedonia is valued at $4.14 billion in the US alone. The company's new patent allows for a substantial increase in the product's elongation characteristics of up to 300% while maintaining the same high quality mechanical and chemical resistant properties its products are known for. "We are very pleased to have yet another patent filed as we continue to increase our IP portfolio and broaden our reach by adding new verticals that we can service in the polyurethane industry," said Joseph Kristul, President and CEO of Hybrid.
Hybrid Signs Distribution Agreement With California Based Coatings Distribution Group
GlobeNewswire - Mon Jun 16, 9:38AM CDT
Hybrid Coating Technologies Inc. (OTCBB:HCTI) is pleased to announce that it has entered into a distribution agreement with a California based coatings distribution group that sells upwards of $100M a year in raw materials for coatings through its network. Under the terms of the agreement, Hybrid will be selling its hardener, the key component of its proprietary, two part, non isocyanate coatings formulation through the distribution network, as well the group will also sell Hybrid's finished coatings products through various retail store chains in its network. "This is an important step forward in our commercialization strategy as we target different parts of the coatings market from large Fortune 500 manufacturers to medium sized distributors in order to maximize the market penetration of our products," said Joseph Kristul, President and CEO.
Hybrid Enters into the Synthetic Leather Segment of the Polyurethane Industry
GlobeNewswire - Tue Apr 01, 8:26AM CDT
Hybrid Coating Technologies Inc. (OTCBB:HCTI) is pleased to announce that it is entering the $20B plus synthetic polyurethane leather industry. Hybrid is close to filing a patent on a variation of its nonisocyanate polyurethane platform technology for synthetic leather. Polyurethane is a primary raw material used in the manufacture of synthetic leather. According to recent market reports, demand for polyurethane dispersions like those used in synthetic leather is growing. The demand for polyurethane dispersions in 2012 was 267.1 kilo tons and is forecast to reach 369.3 kilo tons by the end of 2018, growing at a CAGR of 5.5% between 2012 and 2018. (Research and Markets Report). "The synthetic leather industry is looking for non toxic alternatives," said Joseph Kristul, President and CEO of Hybrid. "Our nonisocyanate, VOC-free polyurethane platform technology should prove quite attractive to the synthetic leather industry." Hybrid is in discussions with a large influential company in the synthetic leather industry for a potential joint development and distribution deal.
HCTI: State of California Places Isocyanates on Restricted List May Ban Outright Within 24 Months
GlobeNewswire - Tue Mar 25, 8:25AM CDT
Hybrid Coating Technologies Inc. (OTCBB:HCTI) is pleased to announce that the state of California's Department of Toxic Substances Control (DTSC) has selected isocyanates and two other substances from a list of 1,100 toxic components that it will focus on with the goal of potentially banning them altogether within the next two years. The announcement is part of a bigger effort to educate consumers and manufacturers about product safety under the Green-Chemistry Law, which went into effect in California last year. Under the law, the agency has jurisdiction to ban these products altogether after following proper protocol. That process includes workshops, a public comment period and requiring manufacturers that want to sell these products in California to determine whether it would be feasible to use safer ingredients. "We are encouraged by the announcement of the California DTSC with respect to isocyanates," said Joseph Kristul, President and CEO of Hybrid. "This is a common process that is followed prior to any new regulations being put into place. In the short span of a few years we have seen increased regulatory opposition to isocyanates. In 2011 we saw the U.S. EPA up the pressure with its MDI Action Plan, then the U.S. Department of Labor followed suit in 2013 with its National Emphasis Program against isocyanates and now local state governments like California are taking their own action."
Hybrid Enters Into Advanced Negotiations With Major Retailer
GlobeNewswire - Tue Mar 18, 8:24AM CDT
Hybrid Coating Technologies Inc. (OTCBB:HCTI) is pleased to announce that it has entered into advanced negotiations with a Fortune 500 company to modify and then commercialize one of its products based on its non isocyanate polyurethane platform technology. Hybrid expects to complete negotiations, enter into an agreement and commence product modifications in approximately 45 days. Upon successful completion of the product modifications, Hybrid expects to give worldwide exclusive rights of the modified product to this commercial partner and to retain ownership of the intellectual property. Once commercialized and after a reasonable ramp up period, management expects revenues to Hybrid from the sale of this product to reach the $20,000,000 range per annum. "We are very happy to be working with this household brand as we continue to execute on our strategic plan of partnering with industry leaders to commercialize products in different verticals of our industry based on our platform technology," said Joseph Kristul, President and CEO.
Hybrid's World Renowned Scientist Publishes Book With Leading Publisher
GlobeNewswire - Fri Feb 21, 8:22AM CST
Hybrid Coating Technologies Inc. (OTCBB:HCTI) is pleased to announce that its world renowned head scientist Dr. Oleg Figovsky recently published a book called "Advanced Polymer Concrete and Compounds." The publisher CRC Press, a division of Informa PLC (LSE:INF) with a £3.1 Billion market cap, is one of the largest publishers in the world. "We are very fortunate to have Dr. Oleg Figovsky, a leading scientist and the foremost expert in the field of non isocyanate polyurethane, as our inventor and head scientist," said Joseph Kristul, President and CEO. "His stature in the international arena and his knowledge and expertise are an important asset to our team as we continue to work with our commercial partners to finalize various modifications of our non isocyanate polyurethane platform technology according to their specifications."
Hybrid Coating Expands Technology With UV Curing
GlobeNewswire - Wed Jan 22, 8:45AM CST
Hybrid Coating Technologies Inc. (OTCBB:HCTI) is pleased to announce that it has expanded its technology with a new UV curing formulation. The Company's new formulation is the only non isocyanate UV curing polyurethane formulation in the world. This new formulation allows the Company's floor coating products to fully cure within an hour instead of 7 days which is currently the normal industry standard. "We are very excited by this new formulation as it allows for the installation of a floor coating in one day rather than several days which is presently the industry norm," said Joseph Kristul, President and CEO, "this new addition to our technology is yet another demonstration of our scientific team's ability to develop cutting edge, market relevant, eco friendly products in the polyurethane industry."
10-K/A: HYBRID COATING TECHNOLOGIES INC.
Edgar Online - Fri Dec 20, 4:05PM CST
ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS
Hybrid Coating Receives Purchase Order From Major Coatings Manufacturer
GlobeNewswire - Mon Aug 05, 8:25AM CDT
Hybrid Coating Technologies Inc. (OTCBB:HCTI) is pleased to announce that it has received its first purchase order from Consorcio Comex SA ("Comex"
. Comex is based out of Mexico City and has 7,000 employees and $1.4 billion in annual sales. Comex sells its products in the US, Mexico and South America and is the fourth largest paints and coatings manufacturer in North America with over 3,000 points of sale. "Our technology and products have undergone extensive testing at Comex's laboratories prior to being incorporated in their supply chain," said Joseph Kristul, President and CEO. "We are very excited to establish a commercial relationship with Comex which is now the second multi-billion dollar company to date that we have partnered with in our industry." Hybrid Coating Technologies Issues Corporate Update and Guidance
GlobeNewswire - Thu Jul 11, 8:25AM CDT
Hybrid Coating Technologies Inc. (OTCBB:HCTI) is pleased to issue the following corporate update.
Hybrid Coating Technologies Inc.: US Department of Labour Moves Against Isocyanates
GlobeNewswire - Tue Jul 02, 8:25AM CDT
Hybrid Coating Technologies Inc. (OTCBB:HCTI) is pleased to announce that last week, the Occupational Safety and Health Administration (OSHA) a division of the US Department of Labor has initiated a National Emphasis Program to protect workers from the serious health effects from occupational exposure to isocyanates. Isocayanates are found in polyurethane based products. According to the OSHA, "Workers exposed to isocyanates can suffer debilitating health problems for months or even years after exposure," said Dr. David Michaels the Assistant Secretary of Labor for Occupational Safety and Health. The OSHA will focus on workplaces that use isocyanate compounds such as construction, painting and manufacturing industries in an effort to reduce occupational illnesses and deaths. For further information please see: http://www.durabilityanddesign.com/news/?fuse...mp;id=9836.
Hybrid Coating Technologies Inc.: US EPA Issues Action Plan to Deal With Toxic Isocyanates
GlobeNewswire - Mon Jul 01, 8:25AM CDT
Hybrid Coating Technologies Inc. (OTCBB:HCTI) is pleased to announce that previously, the US EPA mentioned the company's technology as an alternative to toxic polyurethane coatings in its previously issued Action Plan. In its Action Plan, the EPA discussed the dangers of isocyanates on industry employees and the general public and its desire to control and potentially outright ban isocyanates in polyurethane in the future. According to the EPA's Action Plan, isocyanates have been documented to cause asthma, lung damage and even death in certain cases. On page 4 of its Action Plan, which can be found at: http://www.epa.gov/oppt/existingchemicals/pub...ns/mdi.pdf the scientists Figovsky and Shapovalov who are the founders of Hybrid's technology and who are presently continuing to develop enhanced and new formulations for the company, are mentioned as an alternative to toxic polyurethane.
