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nCoat, Inc. (OTCBB: NCOA) ("nCoat" or the "Company") today announced that its North Carolina-based operating subsidiary, High Performance Coatings, Inc. or HPC, has entered a collaborative agreement with Universal Technical Institute or UTI, to train automotive engineers on the performance and use of coatings.
Under the agreement as a sponsoring partner, HPC is teaching multiple courses on its state-of-the-art nano-coating and micron particulate coating technology at each of the 10 UTI campuses across the nation. The courses have been initially offered at the "Hot Rod University" located at the UTI facility in Exton, Pennsylvania, and the NASCAR-based NTI (NASCAR Technical Institute) campus in Mooresville, NC. By fall, other campuses in California, Arizona, Washington, Florida, and Texas will have similar offerings. Of particular interest is the benefit the high performance coating can bring to exhaust system designs in the schools' "Dyno program."
"Training the next generation of automotive engineers at UTI and the current generation of racing crews at NTI creates an incredible mutual value proposition for both organizations," said Ken Crocheron, Vice President of Business Development for nCoat. "Since nCoat coatings have performance far outpacing competitive coatings, after graduation from UTI students will enter the marketplace with cutting edge knowledge and want to use nCoat products. This is win/win."
HPC, a wholly owned subsidiary of nCoat, has been in business for 25 years and was founded on the sales of thermal barrier, corrosion resistant, lubritic and appearance high performance coatings for the motor sports industry. After the acquisition by nCoat in 2005, its product line was enhanced by nCoat's recent nano-level advances in coating technology. The infusion also expanded HPC's market-base to include manufacturers of commercial trucks, RVs, defense applications, motorcycles, aerospace components, aviation parts, oil and gas industry suppliers, and energy producers.
Now, with the announcement of the agreement with UTI, the next generation of motor sports engineers will have a new set of parameters and tolerances from which they can extract even better performance from their engines. Direct benefits of the coatings technology include better heat control, reduced friction, and overall increased lubricity for the internal parts, but the students seem to care most about the marked increase in horsepower.
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.
About nCoat, Inc.
Formed in 2004, nCoat, Inc. is an emerging nanotechnology company with 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.
High Performance Coatings, Inc. has been an integral part of the automotive motor sports industry since 1982. The company has coated parts for multiple Motor sport Hall of Fame inductees and land and air speed world record holders. This rich racing heritage has led HPC to be nicknamed 'The Choice of World Champions.' 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.
ON BEHALF OF THE BOARD
Paul S Clayson, Chief Executive Officer
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nCoat, Inc. Investor Relations
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Email: HPC Contact Page
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