Home > Press > Ecology Coatings Strengthens Clean-Technology Platform with New Automotive IP
Ecology Coatings, Inc. (BULLETIN BOARD: ECOC) , today announced that the United States Patent and Trademark Office has issued the fourth in a series of new patents assigned to the company for its portfolio of environmentally friendly UV-curable coating products. Substantially impacting the automotive industry, the new patents; numbers 7,151,123, 7,153,892, 7,192,992, and 7,238,731, represent a significant milestone in establishing the company's technology platform and securing Ecology Coatings' contribution to energy efficient manufacturing.
Ecology Coatings Strengthens Clean-Technology Platform with New Automotive IP
BLOOMFIELD HILLS, MI and AKRON, OH | Posted on September 18th, 2007
"We have developed our technologies with original equipment manufacturers and the automotive industry in mind," said Tom Krotine, president of Ecology Coatings. "These four newly issued patents keep us at the leading edge of UV- curable coatings technology and strengthen the value proposition to everyone from OEMs to end users. Additionally, we are using these breakthroughs to stimulate the company's growth by pursuing strategic licensing agreements and beginning product commercialization."
Employing a fundamentally unique formulation strategy, the patented technologies produce coatings that reduce energy use, as well as eliminate harmful pollutants used in the coatings industry. The new coatings successfully adhere to thermoplastic olefin (TPO) and metal surfaces without a primer, removing a high-energy and time intensive step in the manufacturing process. Ecology Coatings' patented formulations will now allow original equipment manufacturers to apply either clear or colored finishes to materials, improving the aesthetic and barrier qualities of products from car bumpers to trim components. The new technology from Ecology Coatings can be easily applied with normal spray equipment, allowing for a smooth transition to improved coating manufacturing.
"These patents open the door to a wide variety of industry applications at the intersection of green technology and nanotechnology," said Sally Ramsey, co-founder and VP of new product development for Ecology Coatings. "In addition to their superior properties, these coatings provide significant economic advantages by reducing energy use and increasing production rates. The overall effect dramatically decreases the environmental impact of coating processes in the manufacturing industry."
About Ecology Coatings, Inc.
Ecology Coatings, Inc. is the global leader in the development of nano- enabled, ultra-violet curable, clean technology coatings that are designed to drive efficiencies and clean processes in manufacturing. The company creates proprietary coatings with unique performance attributes by leveraging its platform of integrated nano-material technologies. Ecology Coatings collaborates with industry leaders to develop high-value, high-performance coatings for applications in the specialty paper, automotive, general industrial, electronic, and medical sectors of the economy. For information about Ecology Coatings and its product offerings, call (248) 723-2223 or visit http://www.ecologycoatings.com/ . Ecology Coatings' common stock is traded on the OTC Bulletin Board under the symbol "ECOC".
Founded in March 1990 and headquartered in Bloomfield Hills, Michigan, Ecology Coatings also maintains a research and development facility in Akron, Ohio For more information visit our website at http://www.ecologycoatings.com/
Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as, Ecology Coatings (the "Company"), by and through its management, "anticipates," "believes," "estimates," "expects," "forecasts," "foresees," "intends," "plans," "strengthens" or other words of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are 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, but are not limited to, the Company's ability to: successfully commercialize its technology; generate revenues and achieve profitability in an intensely competitive industry; compete in products and prices with substantially larger and better capitalized competitors; secure, maintain and enforce a strong intellectual property portfolio; attract additional capital sufficient to finance our working capital requirements, as well as any investment of plant, property and equipment; develop a sales and marketing infrastructure; identify and maintain relationships with third party suppliers who can consistently provide us a reliable source of raw materials; acquire, develop, or identify for our own use, a manufacturing capacity; attract and retain talented individuals; continue operations during periods of adverse changes in general economic or market conditions, and; other events, factors and risks previously and from time to time disclosed in our filings with the Securities and Exchange Commission, including, specifically, the "Risk Factors" enumerated in the Company's latest Quarterly Report on Form 10- QSB.
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Alanna Gino Antenna Group
(for Ecology Coatings)
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