DD Report Hybrid Coating Technologies Inc. O/
Post# of 791
Posted On: 12/19/2015 11:39:46 PM
DD Report Hybrid Coating Technologies Inc.
O/S: 704,330,491 as of November 20,2015
A/S: 1,600,000,000
Float: 680,000,000
Hybrid Coating Technologies (HCTI) is currently a developmental stage company transitioning into full scale commercialization of their products.
Green Polyurethane™ - Zero Isocyanates
Green Polyurethane™ is the first-ever modified hybrid polyurethane, currently used in coatings and paint, manufactured without the use of toxic isocyanates throughout the entire production process, resulting in a substitute for conventional polyurethane and epoxies, which is hundreds of times less toxic, has superior properties and provides 30-60% in application costs.
Green Polyurethane™ has been thoroughly reviewed and recommended by regulatory agencies as a substitute for conventional polyurethane.
Recent Developments:
Hybrid Provides Overview of Significant Milestones Achieved During 2015
SAN FRANCISCO, Dec. 17, 2015 (GLOBE NEWSWIRE) -- Hybrid Coating Technologies Inc. (OTCBB:HCTI) is pleased to provide an overview of the significant milestones that have been achieved during this year.
Entered into $4M distribution agreement and received $160,000 preliminary order from US based distribution partner.
Finalized a joint development agreement in principal with a Fortune 500 partner for a potential revenue of $20M per annum and expect to execute a definitive agreement next month.
Entered agreement in principal to move forward on negotiations for an LOI for the joint development of foam products with a Fortune 500 company.
Expect the commercial launch next year of a coating product developed by a Fortune 500 partner using Hybrid’s non isocyanate platform technology.
Developing a non isocyanate spray foam insulation formula to be used with Hybrid’s Fortune 500 collaborator’s spray foam equipment. The insulation industry is currently valued at $35 billion.
Entered into agreement with a major foam manufacturer for the joint development of mattress, furniture and shoe foam. Hybrid’s partner has numerous Fortune 500 clients, several of whom are part of the ©Zero Discharge of Hazardous Chemicals groupwww.roadmaptozero.com, such as Nike, New Balance and Adidas. The combined value of the shoe, Mattress and Furniture verticals for the polyurethane industry is expected to reach $10 billion by 2018.
Received interest from European distributors for commercial orders in 2016.
Received the prestigious Presidential Green Chemistry Award, awarded by the US EPA, American Chemical Society and the White House.
Appointed an ex section chief of the US EPA to its advisory board with a 30 year career focused on implementing strategies to limit the use of isocyanates with the goal of an eventual outright ban.
“This year has been the most significant to date for the company as we have advanced on numerous fronts, from winning the most prestigious award in the US for environmental technology to entering into our first definitive commercial agreement and receiving our first commercial order,” said Joseph Kristul, President and CEO, “We are presently working with five Fortune 500 companies and are in discussions with several others as well as working with other large and medium sized companies and expect 2016 to be a significant year for the company as sales start to ramp up from various verticals.”
Hybrid Enters into Definitive Distribution Agreement and Receives First Commercial Order
San Francisco CA, October 23, 2015 -- (MARKET WIRE) – Hybrid Coating Technologies Inc. (HCTI:
OTCBB) is pleased to announce that it has entered into a definitive exclusive distribution agreement with
a US based coatings distributor for several of Hybrid’s floor coating formulations. Under the terms of the
agreement, the distributor will place and pay for a preliminary order of one 20 foot container of coatings
over the next two weeks for $160,000. Hybrid will grant a limited exclusivity to the distributor for several
of Hybrid’s coating products throughout the US. Over the next 3 years, the distributor must order a
minimum of $4,000,000 worth of coatings in order to retain its limited exclusivity. The limited
exclusivity will not interfere with other ongoing partnerships that Hybrid has including those with its
Fortune 500 coating partners. “We are pleased to be moving forward with the large-scale distribution of
our products,” said Joseph Kristul, President and CEO, “This is the first of numerous other definitive
commercial agreements that the company is working to finalize in the near future.” The company is at
different stages of discussions and negotiations with several other partners and expects to enter into
additional definitive commercial agreements for both coating and foam based products in the near future.
Hybrid recently announced they they have finalized negotiations with a soon to be named Fortune 500 company which is expected to result in $20 million in annual revenue.
Hybrid Provides Update on Potential $20M Per Annum Definitive Agreement With Fortune 500 Partner Dec 03, 2015
SAN FRANCISCO, Dec. 3, 2015 (GLOBE NEWSWIRE) -- Hybrid Coating Technologies Inc. (OTCBB:HCTI) is pleased to provide an update to the press release issued on April 7th, 2015. Hybrid has successfully finalized negotiations with its Fortune 500 Partner and is in the final review stages and expects to execute the agreement within approximately 30 days. As mentioned in the previously issued April 7th press release, Hybrid will work with its Fortune 500 partner to modify and then commercialize one of its products based on its non-isocyanate polyurethane platform technology. Upon successful completion of the product modifications, Hybrid will co-own any new patents based on these modifications with this partner and will give to the partner, subject to agreed upon mandatory minimum order quantities to be placed by the partner, worldwide exclusive rights of the modified product for commercialization within the partner's respective industry. Once commercialized and after a reasonable ramp up period, management expects, based on estimates provided by the partner that revenues to Hybrid from the sale of this product would reach $20M per annum.
Hybrid Wins EPA’s Prestigious 20th Annual Presidential Green Chemistry Challenge
Award
SAN FRANCISCO, July 14, 2015 (GLOBE NEWSWIRE) -- Hybrid Coating Technologies Inc.
(HCTI) is pleased to announce that it has won the Presidential Green Chemistry Challenge
Award given by the U.S. Environmental Protection Agency (EPA) in cooperation with the
American Chemical Society. The award program, supported by the White House Office of
Science and Technology Policy and the American Chemical Society, recognizes "landmark
green chemistry technologies developed by industrial pioneers and leading scientists in the field
of green chemistry."
According to the EPA, Hybrid's Green Polyurethane(TM) (Hybrid Non-isocyanate Polyurethane)
technology is "a safer, plant-based polyurethane for use on floors, furniture and in foam
insulation. The technology eliminates the use of isocyanates, which contribute to workplace
asthma. This is already in production, is reducing VOC's and costs, and is safer for people and
the environment."
Please see the link to the EPA's press release below:
http://yosemite.epa.gov/opa/admpress.nsf/0/B7...00580D16
"Hybrid has been working diligently for many years to improve the safety of polyurethanes and
their application for coatings, foam, adhesives and sealants without sacrificing on quality and
performance," said Joseph Kristul President and CEO, "We are very pleased by this most
prestigious award and recognition of our unique polyurethane technology and for its game
changing potential."
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.
Hybrid adds former chairman of the EPA Mary Cushmac to Board of Advisors
SAN FRANCISCO, Aug. 27, 2015 (GLOBE NEWSWIRE) -- Hybrid Coating Technologies Inc. (OTCBB:HCTI) is pleased to announce that it has appointed Mary Cushmac to its board of advisors. Ms. Cushmac who retired from the US EPA in 2011 spent most of her career focusing on the dangers of isocyanates in the polyurethane industry and was in charge of numerous efforts to limit the use of isocyanates with the eventual goal of an outright ban (see full bio below). "We are very happy to add Ms. Cushmac to our board of advisors," said Joseph Kristul, President and CEO, "Her track record against isocyanates in the polyurethane industry and extensive experience, brings great expertise to our team and speaks volumes as to the true potential of our award winning technology."
Hybrid's patented award winning technology is the only formulation in the world today that produces polyurethane without the use of any isocyanates in the entire production process.
About Mary Cushmac
Mary Cushmac has more than 30 years experience at the U.S. Environmental Protection Agency in the Design for the Environment (DfE) and the New Chemicals programs in the Office of Pollution Prevention and Toxics. From 1997 until her retirement in 2011, she worked in partnership with the collision repair industry and career/technical schools to develop and promote best practices to reduce exposure to isocyanates during spray painting and related operations. Isocyanates – key chemicals in automotive and industrial coatings – are reported to be the leading cause of occupational asthma.
Ms. Cushmac played a major role in establishing and leading the Federal Spray Polyurethane Foam Workgroup with participation by the Occupational Safety and Health Administration (OSHA), the National Institute for Occupational Safety and Health (NIOSH), the Agency for Toxic Substances Disease Registry (ATSDR) and the Consumer Product Safety Commission (CPSC). This work group initiated dialog with the Spray Polyurethane Foam Alliance (SPFA), the American Chemistry Council (ACC) Center for Polyurethanes Industry (CPI), and the polyurethane foam industry to promote health and safety best practices that reduce isocyanate exposures in spray polyurethane foam applications.
Ms. Cushmac was also a member of the advisory panel created to advise the North Carolina Division of Public Health and ATSDR on local communications issues related to the 2007-2010 public health study regarding isocyanate (TDI) emissions from a polyurethane plant in North Carolina.
Ms. Cushmac joined the EPA in 1980, serving as the New Chemicals Pre-notice Coordinator and later as a section chief. She chaired the work group that developed the TSCA Pre-manufacture Notification Rule Amendments published in 1995, and co-chaired the New Chemicals Program's Environmental Technology Initiative that developed the 1994 Automotive Refinishing Industry Isocyanate Profile, which outlines health and safety information on isocyanates and recommends engineering controls and protective equipment to reduce inhalation and dermal exposures.
Ms. Cushmac co-authored a discussion of the hazards associated with isocyanate exposures, best workplace practices, and safer alternatives in a section of the Handbook of Green Chemistry, Green Processes, Designing Safer Chemicals, published in 2014.
Prior to joining the EPA, Ms. Cushmac worked as a research chemist in food chemistry at the U.S. Food and Drug Administration and published several articles on analytical methods for detecting toxins in food.
Ms. Cushmac received her undergraduate degree in chemistry at Trinity College in Washington, D.C. and a Master's degree in organic chemistry at the Catholic University of America in Washington, D.C. She is a member of the American Chemical Society.
Investor Presentations:
https://www.youtube.com/watch?v=Xox-_dv7EiM
https://www.youtube.com/watch?v=XqyY6ZpQHqI
https://www.google.com/url?sa=t&source=we...uyFRSePg
Recent Regulatory Pressure:
California aims to ban isocyanates by 2016
http://www.thestreet.com/story/12542482/1/hct...ths.html
EPA Action Plan against isocyanates
EPA SPF site:
http://www.epa.gov/oppt/spf/spray_polyurethane_foam.html
MDI and TDI Action Plans:
http://www.epa.gov/oppt/existingchemicals/pub.../mdi.pdf
http://www.epa.gov/oppt/existingchemicals/pub...tdi.html
TDI Significant New Use Rule:
http://www.regulations.gov/#!documentDetail;D...976-0001
MDI public docket:
http://www.regulations.gov/#!docketDetail;rpp...011-0182
Informative links:
http://www.hybridcoatingtech.com/index.html
Polymate (Hybrid's R&D partner)http://www.polymateltd.com/partners.html
-Notice their customers and research. Partners include PPG and BEHR as well many other large players in the industry
http://www.usgbc.org/organizations/hybrid-coa...gies-inc
http://greentechpartnersolutions.com/clients.htm
https://www.google.com/url?sa=t&source=we...uyFRSePg
3rd Party Manufacturers
http://www.Simpsoncoatings.com
http://multifix.ca/
Latest filings can be found here:
http://www.otcmarkets.com/stock/HCTI/filings
O/S: 704,330,491 as of November 20,2015
A/S: 1,600,000,000
Float: 680,000,000
Hybrid Coating Technologies (HCTI) is currently a developmental stage company transitioning into full scale commercialization of their products.
Green Polyurethane™ - Zero Isocyanates
Green Polyurethane™ is the first-ever modified hybrid polyurethane, currently used in coatings and paint, manufactured without the use of toxic isocyanates throughout the entire production process, resulting in a substitute for conventional polyurethane and epoxies, which is hundreds of times less toxic, has superior properties and provides 30-60% in application costs.
Green Polyurethane™ has been thoroughly reviewed and recommended by regulatory agencies as a substitute for conventional polyurethane.
Recent Developments:
Hybrid Provides Overview of Significant Milestones Achieved During 2015
SAN FRANCISCO, Dec. 17, 2015 (GLOBE NEWSWIRE) -- Hybrid Coating Technologies Inc. (OTCBB:HCTI) is pleased to provide an overview of the significant milestones that have been achieved during this year.
Entered into $4M distribution agreement and received $160,000 preliminary order from US based distribution partner.
Finalized a joint development agreement in principal with a Fortune 500 partner for a potential revenue of $20M per annum and expect to execute a definitive agreement next month.
Entered agreement in principal to move forward on negotiations for an LOI for the joint development of foam products with a Fortune 500 company.
Expect the commercial launch next year of a coating product developed by a Fortune 500 partner using Hybrid’s non isocyanate platform technology.
Developing a non isocyanate spray foam insulation formula to be used with Hybrid’s Fortune 500 collaborator’s spray foam equipment. The insulation industry is currently valued at $35 billion.
Entered into agreement with a major foam manufacturer for the joint development of mattress, furniture and shoe foam. Hybrid’s partner has numerous Fortune 500 clients, several of whom are part of the ©Zero Discharge of Hazardous Chemicals groupwww.roadmaptozero.com, such as Nike, New Balance and Adidas. The combined value of the shoe, Mattress and Furniture verticals for the polyurethane industry is expected to reach $10 billion by 2018.
Received interest from European distributors for commercial orders in 2016.
Received the prestigious Presidential Green Chemistry Award, awarded by the US EPA, American Chemical Society and the White House.
Appointed an ex section chief of the US EPA to its advisory board with a 30 year career focused on implementing strategies to limit the use of isocyanates with the goal of an eventual outright ban.
“This year has been the most significant to date for the company as we have advanced on numerous fronts, from winning the most prestigious award in the US for environmental technology to entering into our first definitive commercial agreement and receiving our first commercial order,” said Joseph Kristul, President and CEO, “We are presently working with five Fortune 500 companies and are in discussions with several others as well as working with other large and medium sized companies and expect 2016 to be a significant year for the company as sales start to ramp up from various verticals.”
Hybrid Enters into Definitive Distribution Agreement and Receives First Commercial Order
San Francisco CA, October 23, 2015 -- (MARKET WIRE) – Hybrid Coating Technologies Inc. (HCTI:
OTCBB) is pleased to announce that it has entered into a definitive exclusive distribution agreement with
a US based coatings distributor for several of Hybrid’s floor coating formulations. Under the terms of the
agreement, the distributor will place and pay for a preliminary order of one 20 foot container of coatings
over the next two weeks for $160,000. Hybrid will grant a limited exclusivity to the distributor for several
of Hybrid’s coating products throughout the US. Over the next 3 years, the distributor must order a
minimum of $4,000,000 worth of coatings in order to retain its limited exclusivity. The limited
exclusivity will not interfere with other ongoing partnerships that Hybrid has including those with its
Fortune 500 coating partners. “We are pleased to be moving forward with the large-scale distribution of
our products,” said Joseph Kristul, President and CEO, “This is the first of numerous other definitive
commercial agreements that the company is working to finalize in the near future.” The company is at
different stages of discussions and negotiations with several other partners and expects to enter into
additional definitive commercial agreements for both coating and foam based products in the near future.
Hybrid recently announced they they have finalized negotiations with a soon to be named Fortune 500 company which is expected to result in $20 million in annual revenue.
Hybrid Provides Update on Potential $20M Per Annum Definitive Agreement With Fortune 500 Partner Dec 03, 2015
SAN FRANCISCO, Dec. 3, 2015 (GLOBE NEWSWIRE) -- Hybrid Coating Technologies Inc. (OTCBB:HCTI) is pleased to provide an update to the press release issued on April 7th, 2015. Hybrid has successfully finalized negotiations with its Fortune 500 Partner and is in the final review stages and expects to execute the agreement within approximately 30 days. As mentioned in the previously issued April 7th press release, Hybrid will work with its Fortune 500 partner to modify and then commercialize one of its products based on its non-isocyanate polyurethane platform technology. Upon successful completion of the product modifications, Hybrid will co-own any new patents based on these modifications with this partner and will give to the partner, subject to agreed upon mandatory minimum order quantities to be placed by the partner, worldwide exclusive rights of the modified product for commercialization within the partner's respective industry. Once commercialized and after a reasonable ramp up period, management expects, based on estimates provided by the partner that revenues to Hybrid from the sale of this product would reach $20M per annum.
Hybrid Wins EPA’s Prestigious 20th Annual Presidential Green Chemistry Challenge
Award
SAN FRANCISCO, July 14, 2015 (GLOBE NEWSWIRE) -- Hybrid Coating Technologies Inc.
(HCTI) is pleased to announce that it has won the Presidential Green Chemistry Challenge
Award given by the U.S. Environmental Protection Agency (EPA) in cooperation with the
American Chemical Society. The award program, supported by the White House Office of
Science and Technology Policy and the American Chemical Society, recognizes "landmark
green chemistry technologies developed by industrial pioneers and leading scientists in the field
of green chemistry."
According to the EPA, Hybrid's Green Polyurethane(TM) (Hybrid Non-isocyanate Polyurethane)
technology is "a safer, plant-based polyurethane for use on floors, furniture and in foam
insulation. The technology eliminates the use of isocyanates, which contribute to workplace
asthma. This is already in production, is reducing VOC's and costs, and is safer for people and
the environment."
Please see the link to the EPA's press release below:
http://yosemite.epa.gov/opa/admpress.nsf/0/B7...00580D16
"Hybrid has been working diligently for many years to improve the safety of polyurethanes and
their application for coatings, foam, adhesives and sealants without sacrificing on quality and
performance," said Joseph Kristul President and CEO, "We are very pleased by this most
prestigious award and recognition of our unique polyurethane technology and for its game
changing potential."
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.
Hybrid adds former chairman of the EPA Mary Cushmac to Board of Advisors
SAN FRANCISCO, Aug. 27, 2015 (GLOBE NEWSWIRE) -- Hybrid Coating Technologies Inc. (OTCBB:HCTI) is pleased to announce that it has appointed Mary Cushmac to its board of advisors. Ms. Cushmac who retired from the US EPA in 2011 spent most of her career focusing on the dangers of isocyanates in the polyurethane industry and was in charge of numerous efforts to limit the use of isocyanates with the eventual goal of an outright ban (see full bio below). "We are very happy to add Ms. Cushmac to our board of advisors," said Joseph Kristul, President and CEO, "Her track record against isocyanates in the polyurethane industry and extensive experience, brings great expertise to our team and speaks volumes as to the true potential of our award winning technology."
Hybrid's patented award winning technology is the only formulation in the world today that produces polyurethane without the use of any isocyanates in the entire production process.
About Mary Cushmac
Mary Cushmac has more than 30 years experience at the U.S. Environmental Protection Agency in the Design for the Environment (DfE) and the New Chemicals programs in the Office of Pollution Prevention and Toxics. From 1997 until her retirement in 2011, she worked in partnership with the collision repair industry and career/technical schools to develop and promote best practices to reduce exposure to isocyanates during spray painting and related operations. Isocyanates – key chemicals in automotive and industrial coatings – are reported to be the leading cause of occupational asthma.
Ms. Cushmac played a major role in establishing and leading the Federal Spray Polyurethane Foam Workgroup with participation by the Occupational Safety and Health Administration (OSHA), the National Institute for Occupational Safety and Health (NIOSH), the Agency for Toxic Substances Disease Registry (ATSDR) and the Consumer Product Safety Commission (CPSC). This work group initiated dialog with the Spray Polyurethane Foam Alliance (SPFA), the American Chemistry Council (ACC) Center for Polyurethanes Industry (CPI), and the polyurethane foam industry to promote health and safety best practices that reduce isocyanate exposures in spray polyurethane foam applications.
Ms. Cushmac was also a member of the advisory panel created to advise the North Carolina Division of Public Health and ATSDR on local communications issues related to the 2007-2010 public health study regarding isocyanate (TDI) emissions from a polyurethane plant in North Carolina.
Ms. Cushmac joined the EPA in 1980, serving as the New Chemicals Pre-notice Coordinator and later as a section chief. She chaired the work group that developed the TSCA Pre-manufacture Notification Rule Amendments published in 1995, and co-chaired the New Chemicals Program's Environmental Technology Initiative that developed the 1994 Automotive Refinishing Industry Isocyanate Profile, which outlines health and safety information on isocyanates and recommends engineering controls and protective equipment to reduce inhalation and dermal exposures.
Ms. Cushmac co-authored a discussion of the hazards associated with isocyanate exposures, best workplace practices, and safer alternatives in a section of the Handbook of Green Chemistry, Green Processes, Designing Safer Chemicals, published in 2014.
Prior to joining the EPA, Ms. Cushmac worked as a research chemist in food chemistry at the U.S. Food and Drug Administration and published several articles on analytical methods for detecting toxins in food.
Ms. Cushmac received her undergraduate degree in chemistry at Trinity College in Washington, D.C. and a Master's degree in organic chemistry at the Catholic University of America in Washington, D.C. She is a member of the American Chemical Society.
Investor Presentations:
https://www.youtube.com/watch?v=Xox-_dv7EiM
https://www.youtube.com/watch?v=XqyY6ZpQHqI
https://www.google.com/url?sa=t&source=we...uyFRSePg
Recent Regulatory Pressure:
California aims to ban isocyanates by 2016
http://www.thestreet.com/story/12542482/1/hct...ths.html
EPA Action Plan against isocyanates
EPA SPF site:
http://www.epa.gov/oppt/spf/spray_polyurethane_foam.html
MDI and TDI Action Plans:
http://www.epa.gov/oppt/existingchemicals/pub.../mdi.pdf
http://www.epa.gov/oppt/existingchemicals/pub...tdi.html
TDI Significant New Use Rule:
http://www.regulations.gov/#!documentDetail;D...976-0001
MDI public docket:
http://www.regulations.gov/#!docketDetail;rpp...011-0182
Informative links:
http://www.hybridcoatingtech.com/index.html
Polymate (Hybrid's R&D partner)http://www.polymateltd.com/partners.html
-Notice their customers and research. Partners include PPG and BEHR as well many other large players in the industry
http://www.usgbc.org/organizations/hybrid-coa...gies-inc
http://greentechpartnersolutions.com/clients.htm
https://www.google.com/url?sa=t&source=we...uyFRSePg
3rd Party Manufacturers
http://www.Simpsoncoatings.com
http://multifix.ca/
Latest filings can be found here:
http://www.otcmarkets.com/stock/HCTI/filings
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