Home > Press > nCoat Successfully Commercializes Nanotechnology
Abstract:
Subsidiaries nTech and HPC Produce and Apply Nano-Formulated Coatings Product Targeted at Lowering Diesel Emissions
nCoat Successfully Commercializes Nanotechnology
WHITSETT, NC | Posted on April 19th, 2007
nCoat, Inc. (OTCBB: NCOA) ("nCoat" or the "Company") wishes to advise that its wholly owned subsidiaries, nTech, Inc. ("nTech") and High Performance Coatings, Inc. ("HPC") have created and supplied custom formulated nano-coatings that have led to 2006 sales of approximately US $1 million directly from its nano-formulated product mix.
The Company anticipates that revenue opportunities for 2007 will continue to grow via the diesel engine manufacturing industry and its ongoing search for new methods to reduce emissions. The EPA has clearly identified diesel emissions as a serious public health risk and a major contributor to the nation's continuing air quality problems. As a result, manufacturers are working apace to introduce new methods to decrease emissions ahead of regulatory timelines.
In response to industry need, nCoat's nano-formulated product has resolved a major corrosion risk impeding the performance of a singularly important and highly effective method to reduce diesel engine emissions known as Exhaust Gas Recirculation ("EGR"), where combusted air and fuel is re-circulated to decrease emissions. The EGR method produces extreme temperatures and acidic conditions that pose a significant corrosion risk to the exposed aluminum engine parts that previously dramatically increased engine failure rates.
"We are proud to announce that after coating tens of thousands of parts with our nano-formulated coatings for our valued customers in the Over The Road ("OTR") diesel truck industry, we have had zero failures," said Terry R. Holmes, President of nCoat, Inc. "We anticipate that we will be able to capitalize on our success in the diesel engine industry by meeting the varied needs of other major industries with superior custom nano-formulated solutions."
Generally, in coating technology, the smaller the materials used, the higher bond strength of the product and the better performance and functionality. Replacing micron-formulated coatings with nano-formulated coatings creates a major impact in increased coating density and porosity reduction. The resulting product provides extremely effective and durable corrosion protection against highly corrosive elements and conditions.
Increasingly stringent nation-wide rules mandated by the EPA call for phased increases to diesel emission standards, with cuts required by 2007 and additional cuts by 2010 involving reductions in particulates and nitrogen oxides by 90%, a dramatic reduction of 95% over previous standards. These regulations will greatly assist in lowering emissions through the adoption of ever more aggressive new technologies. nCoat views this changing manufacturing environment as a perfect example of the significant need for and adaptability of nano-formulated commercial products and as a unique growth opportunity and potential major integrated revenue stream for the Company.
####
About nCoat, Inc.
Formed in 2004, nCoat, Inc. is an emerging nanotechnology company focused on the development of new nano-formulated and traditional coatings that make it an international leader in the development and marketing of coatings applied to metal, ceramics, fabric, and other materials. The company specializes in nanotechnology research, commercialization, licensing, and distribution, and through its subsidiary companies develops and distributes commercially viable proprietary nanotechnology and traditional coatings products. At nCoat, we invite the world to "Innovate with us."
About HPC, Inc.
HPC has been an integral part of the automotive industry since 1982. HPC develops, manufactures, and applies coating (surface treatment) solutions for thermal management, anti-corrosion, friction reduction, bond strength, and appearance. HPC is a particular market leader in internal and external engine parts coatings in automotive and diesel engines. At HPC, there IS a difference, and the difference is superior performance.
Forward-Looking Statements
Except for statements of historical fact, the information presented herein may contain forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which nCoat, Inc. has little or no control. Statements in this press release which include words such as "anticipates," "plans," "potential," and similar terms may include forward-looking statements. Factors which could cause the Company's results to differ from the forward-looking statements include a decline or slower-than-anticipated growth in revenue opportunities related to the diesel engine manufacturing industry, and a decline or slower-than-anticipated growth in the demand and use for nano-formulated commercial products and related revenue streams for the Company, as well as listed in the "Risk Factors" sections of the Company's publicly filed reports. The Company expressly disclaims any obligation or intention to update any forward looking statement.
ON BEHALF OF THE BOARD
nCoat, Inc.
-----------------------------
Paul S Clayson, Chief Executive Officer
For more information, please click here
Contacts:
nCoat, Inc. Investor Relations
Email:
Telephone: 866-435-8958
For product information contact:
nCoat, Inc.
Email:
Website: http://www.ncoat.com
Telephone: 800-668-5455
nTech, Inc.
Website: http://www.ntechip.com
Telephone: 801-303-3718
HPC
Email: HPC Contact Page
Website: http://www.hpcoatings.com
Telephone: 336-447-2000
Copyright © Market Wire
If you have a comment, please
Contact us.
Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.
Bookmark:
Announcements
JPK reports on single molecule research at IISER Pune in India using AFM and CellHesion techniques May 21st, 2013
Imec and GLOBALFOUNDRIES collaborate to advance high-density memory technology: STT-MRAM offers enhanced performance and scalability for embedded and standalone applications May 21st, 2013
International survey supports need for built-in water protection on smartphones and tablets May 21st, 2013
Rice unveils method for tailoring optical processors: Arranging nanoparticles in geometric patterns allows for control of light with light May 21st, 2013
Financial Reports
Nanobiotix Revenue for the 1st quarter of 2013 May 15th, 2013
Harris & Harris Group Reports Financial Statements as of March 31, 2013 May 10th, 2013
Arrowhead Reports Fiscal 2013 Second Quarter Financial Results - Conference Call Today at 4:30 p.m. Eastern Time May 9th, 2013
Arrowhead to Report Fiscal 2013 Second Quarter Financial Results - Conference Call Scheduled for Thursday, May 9, 2013 May 2nd, 2013
Environment
NIA Public Briefing: Nanotechnology and the Council of Europe May 17th, 2013
Nanoadsorbent Synthesized to Remove Toxic Dyes from Textile Industry Wastewater May 16th, 2013
New Stanford Nanoscavengers Could Usher In Next Generation Water Purification May 15th, 2013
INSCX™ exchange to present a nanotechnology-based Emission Reduction Programme, Ankara, Turkey, June 2013 May 14th, 2013
Automotive/Transportation
Imec and Renesas collaborate on ultra-low power short range radios: Collaboration will develop robust wireless solutions for future electronics May 16th, 2013
Physicists discover a new kind of friction: Friction in the nano-world May 16th, 2013
Michigan Tech Scientist's Discovery Could Lead to a Better Capacitor April 16th, 2013
Surface diffusion plays a key role in defining the shapes of catalytic nanoparticles April 8th, 2013