Nachshon Draiman, Ecology Coatings Granted Quadruple Patent Approval for
Low-Energy, Low-Emission Industrial Coatings - Four Key Clean Technology
Patents Enable Market
Akron, Ohio (PRWeb) December 20, 2006 -- Ecology Coatings, Inc. today announced
that the United States Patent and Trademark Office has issued patent number
7,151,123 covering the company's environmentally-friendly, 100 percent solids
UV curable coating technology. The issued patent is the first of four recently
allowed patents that further strengthen the company's position as a technology
leader in the industrial coatings market. Ecology Coatings' patented products
and methods integrate with the conventional finishing process to reduce energy
use, hazardous emissions, time and space requirements for OEM manufacturers in
a variety of sectors including the automotive, plastics and metals markets.
"We see this intellectual property enabling new products that will access new
markets and support strategic partnerships as well as strong licensing
prospects," said Tom Krotine, CEO of Ecology Coatings. "Solidifying our
position as a technology leader in the coatings market, the patents position us
well for growth in the coming year and beyond."
"More than a decade ago, I set out to develop a clean alternative to the
coatings used by manufacturers to finish products ranging from car parts to
jean tags," said Sally Ramsey, co-founder and chief chemist of Ecology
Coatings. "The challenge has been finding a solvent-free formulation in an easy
to spray-apply package, the combination needed to realistically incorporate the
coatings into the real-world manufacturing line. These new patents encompass
Ecology Coatings' fundamental technology breakthrough, a disruptive and
commercially robust industrial coating platform that delivers high-performance
and ease of use without compromising the health of the environment."
In a departure from conventional industrial coatings, Ecology Coatings'
patented UV-curing, 100-percent solids formulations contain no water, hazardous
solvents or other liquid components that typically require high heat or long
evaporation to cure. Requiring only a few seconds of UV light exposure to form
a durable barrier, the coatings reduce the finishing process's energy
consumption by up to 75 percent. The patented products are compatible with
room-temperature spray techniques allowing for seamless coating of a variety of
manufactured goods incorporated in motor vehicles and accessories. The UV cure
makes the coatings particularly well-suited for parts with mixed or temperature
sensitive substrates, such as metal tanks with rubber seals. The
high-performance formulations are also compatible for parts requiring
flexibility, such as the leaf spring or plastic bumper of a car.
Ecology Coatings' nonpolluting formulations fall within Patent Office
regulations that have allowed an accelerated approval process for inventions
that contribute to environmental quality. Approval of all four patents was
swift, in one case in less than the eighteen months needed for publication.
About Ecology Coatings
Ecology Coatings is a world leader in delivering the power of nanotechnology
in ultra-violet curable thin films and coatings. Leveraging its proprietary
platform of integrated nano-material technologies, the company creates coatings
with unique performance attributes. Ecology collaborates with industry leaders
to develop revolutionary high-value, high-performance coatings for military,
automotive, industrial, electronic and medical applications. Ecology Coatings
is a privately held company based in Akron, Ohio. In November 2006, the company
entered into a letter of intent with OCIS Corp. (OTCBB: OCIC.OB) to become
publicly held through an alternative public offering (APO) transaction. For
more information visit our website at www.ecologycoatings.com
Statements in this press release that are not historical fact may be deemed
forward-looking statements within the meaning of Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended. Although the Company believes the expectations reflected in
any forward-looking statements are based on reasonable assumptions, the Company
can give no assurance that its expectations will be attained. Factors that
could cause actual results to differ materially from the Company's expectations
include whether or not the Company enters into a definitive agreement or
completes the proposed APO transaction. The potential risks and uncertainties
include, among others; the ability of the Company to successfully develop and
market new technologies and customer acceptance of any new technology; the risk
that the Company's strategic relationships, whether announced or unannounced,
may not result in additional products, services,
customers and revenues; increased competition and pricing pressures; and
whether the Company is able to complete the proposed APO transaction. The
Company undertakes no obligation to update any of the forward-looking
statements after the date of this transmission.
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