Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

Home > Press > nCoat Announces Collaboration Agreement With German/US Solar Energy Company

Abstract:
- nCoat, Inc. (OTCBB: NCOA) ("nCoat" or the "Company") has announced the signing of an agreement for business collaboration and commercial product development with Sunvention USA, Inc. ("SV-US": www.sunvention.us) and BSR Solar Technologies GmbH ("BSR": www.bsrsolar.com) using nCoat nanotechnology coatings in a Concentrated Solar Thermal Power (CSP) system to concentrate the solar radiation and create highly efficient heat absorption and retention in the heat collection element. nCoat coatings will also be used to protect solar "Green Energy" systems developed and built by SV-US and BSR.

nCoat Announces Collaboration Agreement With German/US Solar Energy Company

WHITSETT, NC | Posted on January 9th, 2008

"Thermal absorption and transfer coatings used in solar energy production is a new market segment for nCoat," said Paul Clayson, CEO of nCoat, Inc. "Combining our nanotechnology coatings products and experience with commercialization of solar energy systems positions nCoat to capture revenue at the leading edge of the projected exponential market expansion. Since our coatings are known world-wide as state-of-the-art in market ready nano materials, we are being sought by other technology players to commercialize products with them."

In collaboration with BSR technologies (located in Lörrach, Germany), SV-US is creating a working Solar Power Village on site at its Greencastle, Indiana facilities. The core patented technology of the village is an Envelope Power Greenhouse ("EPG") housing optical solar CSP systems mounted in the greenhouse roof which concentrates the energy of the sun 80 to 100 times into the solar collector system, generating electricity by converting solar radiation captured in a heat receptor into electrons. The heat generated then rapidly heats inert vegetable oil to 200°C and transports the oil to a tank outside the greenhouse. The hot oil transfers thermal energy to practical uses including heat for cooking and housing, heat energy to drive a proprietary Stirling (closed-cycle, heat driven) engine to operate water pumps, mill grain and to generate electric power.

The BSR/SV-US technologies can scale from a single residence or commercial site to large scale operations. Envelope Power Greenhouses can be constructed solely for power production or for joint applications to include plant growth.

Under the terms of the agreement, nCoat will provide thermal and corrosion management coatings for BSR/SV-US technologies and will collaborate on innovations to create more efficient thermal capture and transfer of the sun's radiant light to thermal energy production and distribution. nCoat will supply both low emissivity (thermal capture) and high emissivity (thermal transfer) coatings to help enable the solar Green Energy systems.

"After 4 years and nearly 15 million dollars in development, our technologies are now fully operational and moving to commercial development," said Dr. C. William Arrington, Co-Chairman of Sunvention USA. "nCoat coatings will play a significant role in the success of the thermal management process of our systems."

BSR Solar Technologies GmbH develops solar products for global application. The company, formerly part of the Bomin Solar Group, has been in the forefront of innovative solar technology developments over the last 30 years. The creative forces behind the company, Dr. Jürgen Kleinwächter, and until 1997 his father, the late Prof. Hans Kleinwächter, are both considered European pioneers in solar technologies.

SV-US is a four-year-old company founded by Dr. Arrington and is now collaborating with BSR and its principles to commercialize solar and thermal Green Energy systems. Dr. Arrington is building the operating Solar Power Village in Indiana at the Solar Center of Excellence to showcase the various solar technologies.

For additional information, please contact Investor Relations at: +1-866-435-8958

####

About nCoat, Inc.
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..."

Notice Regarding 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. Additionally, words such as "may," "will," "expect," "believe," "anticipate," "estimate," "project," or "continue" or comparable terminology used in this release may identify forward-looking statements. We disclaim any obligation or intention to revise or update any forward-looking statements for any reason. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this 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

Telephone: 866-435-8958

For product information contact:

nCoat, Inc.

Telephone: 800-668-5455

Copyright © Marketwire

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:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

World's fastest man-made spinning object could help study quantum mechanics July 20th, 2018

Relax, just break it July 20th, 2018

Future electronic components to be printed like newspapers July 20th, 2018

The relationship between charge density waves and superconductivity? It's complicated July 19th, 2018

Materials/Metamaterials

Relax, just break it July 20th, 2018

In borophene, boundaries are no barrier: Rice U., Northwestern researchers make and test atom-thick boron's unique domains July 17th, 2018

Barium ruthenate: A high-yield, easy-to-handle perovskite catalyst for the oxidation of sulfides July 13th, 2018

Carbon is the new black: Researchers use carbon nanotubes to develop clothing that can double as batteries July 10th, 2018

Announcements

World's fastest man-made spinning object could help study quantum mechanics July 20th, 2018

Relax, just break it July 20th, 2018

Future electronic components to be printed like newspapers July 20th, 2018

The relationship between charge density waves and superconductivity? It's complicated July 19th, 2018

Energy

NIST Researchers Simulate Simple Logic for Nanofluidic Computing June 30th, 2018

Northwestern researchers achieve unprecedented control of polymer grids: Materials could find applications in water purification, solar energy storage, body armor June 22nd, 2018

Physicists devise method to reveal how light affects materials: The new method adds to the understanding of the fundamental laws governing the interaction of electrons and light June 15th, 2018

Tripling the Energy Storage of Lithium-Ion Batteries: Scientists have synthesized a new cathode material from iron fluoride that surpasses the capacity limits of traditional lithium-ion batteries June 14th, 2018

Alliances/Trade associations/Partnerships/Distributorships

Leti and Oscaro Partner on Leti’s New Low-Power, Low-Cost Transceiver to Track Parcels July 12th, 2018

Leti and Soitec Launch a New Substrate Innovation Center to Develop Engineered Substrate Solutions: Industry-inclusive hub promotes early collaboration and learning from substrate to system level July 11th, 2018

Leti & Partners Launch Pilot Program to Assess New Perception Sensors for Autonomous Vehicles July 5th, 2018

Powering the 21st Century with Integrated Photonics: UCSB-Led Team Selected for Demonstration of a Novel Waveguide Platform Which is Transparent Throughout the MWIR and LWIR Spectral Bands June 19th, 2018

Solar/Photovoltaic

Northwestern researchers achieve unprecedented control of polymer grids: Materials could find applications in water purification, solar energy storage, body armor June 22nd, 2018

Team achieves two-electron chemical reactions using light energy, gold May 15th, 2018

Hematene joins parade of new 2D materials: Rice University-led team extracts 3-atom-thick sheets from common iron oxide May 8th, 2018

Harvesting clean hydrogen fuel through artificial photosynthesis May 3rd, 2018

NanoNews-Digest
The latest news from around the world, FREE



  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project