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Ecology Coatings, Inc. (BULLETIN BOARD: ECOC), a leader in the discovery and development of nanotechnology-enabled, ultraviolet-curable advanced coatings, today announced that it has entered into a commercialization agreement with Green Bay, Wisconsin-based WS Packaging Group, Inc., one of the largest printing and label converting operations in North America. Under the terms of the agreement, WS Packaging will purchase Ecology's EcoQuik(TM) coatings for labels and packaging products manufactured by the company.
We are pleased to be working with WS Packaging, a leading provider of innovative label and packaging solutions to well-known Fortune 500 brands," said Ecology Coatings CEO Bob Crockett. "We have been working with the WS Packaging management team for the past several months and find them to be tech savvy early adopters, customer driven and environmentally sensitive. We are confident that our EcoQuik(TM) coating technology will provide them a competitive advantage through cost efficiencies and improved product sustainability."
The label and printed products North American markets, estimated at approximately $20 billion, have ongoing requirements for cost effective coating products that provide improved water and chemical resistance, increased productivity and the ability to address environmental issues, such as lower energy usage and the use of solvent-free materials. Ecology Coatings' EcoQuik(TM) coatings have been developed to meet these market requirements by providing the following benefits:
-- Substantially lower cost alternatives to plastic laminate/glue
-- Proprietary green products that are fully reclaimable with minimal
-- Exceptional water, solvent and household chemical resistance
-- Compatibility with in-place application and UV-curing systems
Except for the historical information contained herein, the matters discussed are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements involve risks and uncertainties, which are specified in Ecology's filings with the Securities and Exchange Commission. These risks and uncertainties could cause actual results to differ materially from any forward-looking statements made herein.
About Ecology Coatings
Ecology Coatings, Inc. (BULLETIN BOARD: ECOC) is a leader in the development and licensing of cleantech ultraviolet (UV) curable coatings -- coatings that improve the products we use daily. Ecology's technology platform allows manufacturers to enhance the durability and performance of their products, while significantly reducing energy costs and increasing manufacturing throughput. The company produces solvent-free coatings, which eliminate the escape of harmful solvents into the atmosphere during application. Headquartered in Auburn Hills, Michigan, Ecology Coatings has a development and prototype lab in Akron, Ohio.
About WS Packaging Group, Inc.
WS Packaging Group, Inc. has more than 40 years of experience and is one of the largest printing and label converting operations in North America. It operates 17 manufacturing facilities and produces high-quality packaging products for customers ranging in size from small businesses to large, high-volume manufacturers and consumer product goods companies doing business locally, nationally, and in marketplaces worldwide. For additional information, call 877-977-5177 or visit the company's website at www.wspackaging.com.
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