PPG Launches Green Polyurethane Coating Based on Hybrid Coating’s Technology

SAN FRANCISCO, CA – August 31, 2016 –  Hybrid Coating Technologies Inc. (HCTI) has announced that after several years of development, Comex a division of PPG Industries Inc. has created a new coatings product utilizing Hybrid’s zero isocyanate Polyurethane technology. The product was recently launched in the Mexican market and is now sold in PPG-Comex stores in Mexico. PPG-Comex developed and launched the product in an effort to bring more environmentally friendly green products to customers without compromising on performance. The coating product has been reported to work exceptionally well and was found to perform better than competitor’s products on both durability and coating properties.

“We are very excited to be working in partnership with PPG-Comex the world’s largest industrial coatings company,” said Joseph Kristul President and CEO, “this is yet another example of the commercial value of Hybrid’s unique technology.”

Later this year, PPG-Comex will also be launching a second coating product based on Hybrid’s zero isocyanate Polyurethane technology. This product launch demonstrates the strong desire and ability for companies to develop their own products using Hybrid’s zero isocyanate Green Polyurethane™ hardener as a raw material. It also demonstrates a strong market demand for Green Polyurethane™ by some of the largest coatings companies in the world. Hybrid’s end goal is for numerous companies to develop multiple products based on Hybrid’s zero isocyanate Green Polyurethane™ hardener as legislation for isocyanates eventually becomes more restrictive, thereby allowing Hybrid to deeply and broadly penetrate the coatings market not only as a finished goods supplier, but also as a raw materials supplier. Hybrid is and continues to be the only supplier in the world of zero isocyanate polyurethane hardener and zero isocyanate polyurethane based finished goods.

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Hybrid’s patented technology is the only formulation in the world that produces polyurethane without the use of any isocyanates in the entire production process.

About PPG: PPG is an American Fortune 500 company and global supplier of paints, coatings, specialty materials, chemicals, glass, and fiberglass. With headquarters in Pittsburgh, Pennsylvania, PPG operates in more than 70 countries around the globe. By revenue it is one of the largest coatings companies in the world with $15B for 2015. PPG has 47,000 employees worldwide and trades under the symbol PPG on the NYSE with a $27B market cap. PPG acquired Comex in 2014 for $2.3B. Comex has 4,000 retail locations, 5,000 employees and $1B in revenues.

About Hybrid Coating Technologies: Hybrid Coating Technologies (HCT) is a San Francisco-based innovator focused on improving the quality and safety of foams, coatings, and adhesives for industrial and commercial customers around the world. It is the exclusive licensee of Green Polyurethane™ foam, coatings, and adhesives – the world’s first-ever patent protected polyurethane-based foam, coatings, and adhesive products that eliminate toxic isocyanates from the entire production process (licensed by Nanotech Industries, Inc.) and the 2015 recipient of the Presidential Green Chemistry Award.