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nCoat, Inc. (OTCBB: NCOA) ("nCoat" or the "Company") has announced through its subsidiary, High Performance Coating, Inc. (HPC), that it has signed a contract with North Carolina State University Industrial Extension Service (NCSU-IES) to complete preparations and implementation of International Organization for Standardization (ISO) 9001:2000 Quality Management Systems in preparation for final ISO certification.
In response to customer requests and in preparation for proposed new Original Equipment Manufacturing (OEM) revenue accounts, HPC has been developing a comprehensive quality management system to better ensure effective process identification and controls for customers and potential customers. Upon completion of the project with NC State, HPC will seek certification to the ISO 9001:2000 International Standard.
NCSU-IES will provide training, implementation, and assessment services and activities that prepare HPC to meet the ISO 9001:2000 requirements. Under the contract, NCSU-IES has assigned a project manager and a project facilitator to HPC to train and prepare HPC employees to implement ISO 9001:2000 standards required for certification. The project facilitator has over 20 years of experience in manufacturing and production management. To date, NCSU-IES has prepared 115 companies for ISO certification and all companies prepared under the NCSU-IES program have received certification.
"In response to customer demand, HPC began the ISO requirement process some months ago by creating and establishing product and process quality manuals and written Standard Operation Procedures," said Terry R. Holmes, President and COO of nCoat, Inc, parent company of HPC.
Mr. Holmes further commented, "HPC enjoys customer relationships with several of the world's largest over-the-road trucking, diesel engine, motorcycle, automotive, performance racing, aerospace, heavy equipment and agriculture equipment manufacturers. Many are asking us to achieve ISO certification in preparation for new and higher volume production, both in our current capacity as a Tier 2 supplier and in preparation for potential Tier 1 supply status."
HPC expects to begin the Registration Audit for ISO 9001-2000 upon completion of the collaboration between HPC and NCSU-IES.
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 Motorsport 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." HPC is a wholly owned subsidiary of nCoat, Inc.
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, applied by subsidiary companies, HPC and JET-HOT. 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
Paul S. Clayson, Chief Executive Officer
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For investor or shareholder information contact:
nCoat, Inc. Investor Relations
For product information contact:
Email: HPC Contact Page
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