Ecology Coatings Granted Quadruple Patent Approval for Low-Energy, Low-Emission Industrial Coatings
Four Key Clean Technology Patents Enable Market Expansion and Strategic Alliances
AKRON, Ohio--(BUSINESS WIRE)--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.
“Solidifying our position as a technology leader in the coatings market, the patents position us well for growth in the coming year and beyond.”
“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.