Inc. (OTC Bulletin Board: ECOC), a leader in the discovery and development
of nanotechnology-enabled, ultraviolet curable advanced coating materials, today
announced that it has signed an agreement with a customer for a dedicated production
line using Ecology's patented technology for UV cured coatings on five gallon
metal containers made from cold rolled carbon steel. For competitive reasons,
the customer has asked Ecology not to disclose its name. The agreement is exclusive
to the operations of both parties in North America.
"Our customer has dedicated an entire pilot manufacturing line so that
can complete the program and become operational as quickly as possible,"
commented Ecology CEO Bob Crockett. "With this customer commitment and
pending successful completion of production testing, we expect the program
to be operational on the initial manufacturing line within 12 months. The
driving force behind this program is the significant energy savings and
improved process efficiency realized by the customer through the adoption of
Ecology Coatings' EcoQuik(TM) product family, formally launched in April 2008,
is comprised of three coating lines, clear coatings, pigmented coatings and
barrier coatings, targeting markets in excess of $21 billion in North America
(Frost & Sullivan 2007). This program utilizes the technology of patent
number 7,498,362, recently awarded by the US Patent and Trademark Office, which
provides superior adhesion to metal surfaces and provides flexibility, durability
and scratch resistance.
"Our product performance characteristics and user benefits make our UV
curable coatings a desirable alternative to traditional coatings in a wide range
of diversified markets, from automotive to packaging industries and products
ranging from medical products to paper labels," said Crockett. "We
are aggressively expanding our intellectual property portfolio of cleantech
UV coatings and are highly focused on pursuing license agreements and joint
development programs with leaders in the transportation, durable goods, electronics
and health care sectors."
Ecology's EcoQuik(TM) coatings provide superior wear, scratch resistance and
hardness with a single application, which reduces coating thickness and offers
versatility in applications. All of Ecology's coatings are ultraviolet curable,
which provides for faster manufacturing speeds, lower energy output and a smaller
manufacturing footprint. Additionally, the cleantech coatings contain no harmful
solvents or other additives, eliminating and protecting against potential corrosion
or flash rusting.