Nanotechnology Now





Heifer International

Wikipedia Affiliate Button


DHgate

Home > Press > Ecology Coatings Signs Letter of Intent With USAutoPARTS

Abstract:
Ecology Coatings, Inc. (OTCBB: ECOC), a leader in the discovery, development, and manufacture of nanotechnology-enabled, ultra-violet curable advanced materials, today announced that it has signed a Letter of Intent (LOI) with the U.S. Automotive Partnership for Advancing Research & Technologies (USAutoPARTS) to participate in a nonprofit automotive research initiative program.

Ecology Coatings Signs Letter of Intent With USAutoPARTS

BLOOMFIELD HILLS, MI | Posted on February 4th, 2008

USAutoPARTS, which is to be located in a 56,000 square foot research and development facility located in Shelby, Michigan and donated by Delphi Corporation, has invited a number of companies to locate a portion of their R&D organization within the facility. The funding of the R&D facility will be obtained from companies in the automotive industry, foundations, government grants and other financial resources. The participating companies will focus their research on three areas: lightweight materials, electric and electronic thermal management systems, and carbon emissions control. No date has been set for completion of the fundraising or for USAutoPARTS to move into the Delphi facility.

"With the increased market and regulatory pressure to improve fuel efficiency, there is a need to cost-effectively lower vehicle weight without sacrificing safety," said Ecology Coatings CEO Richard Stromback. "Lightweight polymer and polymer composites, metal matrix composites, and bio-based materials are being developed to replace certain heavy metal components currently used in the manufacture of vehicles. Currently, these lightweight composites must go through endurance testing using conventional coating technologies, which often fail to meet performance standards. Our Liquid Nanotechnology™ coatings, which contain no toxic solvents and use an energy efficient UV curing process, allow for bonding to a wide range of substrates never before seen in the industry and provide performance advantages, such as added hardness and scratch resistance, to withstand the automotive industry's most stringent performance testing."

Ecology's Liquid Nanotechnology coatings provide superior wear and scratch resistance and hardness with a single application, which reduces coating thickness and offers versatility in applications. All of Ecology's coatings are ultra-violet curable, which provides for faster manufacturing speeds, lower energy output and a smaller manufacturing footprint. Additionally, the coatings contain no harmful solvents or other additives, eliminating and protecting against potential corrosion or flash rusting.

####

About Ecology Coatings, Inc.
Ecology Coatings is a 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 nanomaterial 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. Ecology Coatings was founded in March 1990 and is headquartered in Bloomfield Hills, Michigan. The company maintains an R&D facility in Akron, Ohio. For additional information call 248.723.2223 or visit the company's website at www.ecologycoatings.com.

Forward-looking Statements

This press release contains 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," 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 a wide variety of 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, manufacturing capacity; attract and retain talented individuals; expand its shareholder base and public awareness of the Company through its investor relations program; 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 Annual Report on Form 10-KSB.

For more information, please click here

Contacts:
Investor and Media Relations
McCloud Communications, LLC
Marty Tullio
Managing Member
949.553.9748

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

Clues to inner atomic life from subtle light-emission shifts: Hyperfine structure of light absorption by short-lived cadmium atom isotopes reveals characteristics of the nucleus that matter for high precision detection methods July 3rd, 2015

Pioneering Southampton scientist awarded prestigious physics medal July 3rd, 2015

Groundbreaking research to help control liquids at micro and nano scales July 3rd, 2015

Discovery of nanotubes offers new clues about cell-to-cell communication July 2nd, 2015

Materials/Metamaterials

Pioneering Southampton scientist awarded prestigious physics medal July 3rd, 2015

New technology using silver may hold key to electronics advances July 2nd, 2015

NIST Group Maps Distribution of Carbon Nanotubes in Composite Materials July 2nd, 2015

Proposed TSCA Nanomaterial Rule ‘Premature’, Says Former EPA Toxicologist July 1st, 2015

Announcements

Clues to inner atomic life from subtle light-emission shifts: Hyperfine structure of light absorption by short-lived cadmium atom isotopes reveals characteristics of the nucleus that matter for high precision detection methods July 3rd, 2015

Pioneering Southampton scientist awarded prestigious physics medal July 3rd, 2015

Groundbreaking research to help control liquids at micro and nano scales July 3rd, 2015

NIST Group Maps Distribution of Carbon Nanotubes in Composite Materials July 2nd, 2015

Automotive/Transportation

June 29th, 2015

Buckle up for fast ionic conduction June 16th, 2015

A protective shield for sensitive catalysts: Hydrogels block harmful oxygen June 15th, 2015

Slip sliding away: Graphene and diamonds prove a slippery combination June 10th, 2015

Research partnerships

Groundbreaking research to help control liquids at micro and nano scales July 3rd, 2015

Producing spin-entangled electrons July 2nd, 2015

Harris & Harris Group Portfolio Company, AgBiome, Announces Partnership to Accelerate the Discovery of Next Generation Insect-Resistant Crops July 1st, 2015

Leti Announces Launch of First European Nanomedicine Characterisation Laboratory: Project Combines Expertise of 9 Partners in 8 Countries to Foster Nanomedicine Innovation and Facilitate Regulatory Approval July 1st, 2015

New-Contracts/Sales/Customers

Oxford Instruments’ TritonXL Cryofree dilution refrigerator selected for the Oxford NQIT Quantum Technology Hub project June 30th, 2015

Centre for Process Innovation pilots Beneq’s breakthrough roll-to-roll ALD system for moisture barrier films June 3rd, 2015

Argonne chooses Beneq’s TFS 500 Atomic Layer Deposition System: Modularity and flexibility make for a natural choice May 14th, 2015

New JEOL E-Beam Lithography System to Enhance Quantum NanoFab Capabilities May 6th, 2015

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




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More










ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project