tered into an exclusive licensing agreement with its new partner
Hybrid Coatings Canada Inc. (HCC) for the territory of Canada.
As part of the agreement, HCC paid an upfront licensing fee of
$150,000 to Hybrid Coating Technologies out of a total fee owing
of $300,000. Other parties to the agreement were Nanotech Industries International Inc. (NTII) the company’s wholly owned subsidiary and Nanotech Industries Inc. (Nanotech), the company’s
licensor. The balance of the fee is payable to Nanotech.
“We are looking forward to working with our partner in Canada
to penetrate this large potential market for our coatings products,”
said Joseph Kristul, CEO, Hybrid Coating Technologies. “This li-
censing agreement is an important step towards securing multiple
partners in different parts of the world as we continue to execute on
our global marketing plan. We are presently in discussions with mul-
tiple other potential partners for other territories in the world.”
The combined revenue for the Canadian industrial and spe-
cialty coatings industry is estimated at $1 billion per year said
the company.
Hybrid Coating Technologies Inc. is based in San Francisco-Ca.
and is the exclusive licensee of Green Polyurethane coatings and
paint, the world’s first-ever patent protected polyurethane-based coatings and paint products, which eliminate toxic isocyanates from the
entire production process and is licensed by Nanotech Industries, Inc.
Jotun UK invests £ 4 million in Flixborough site
Jotun UK has opened a new £ 4 million factory extension at its site
in Flixborough where annual output of its protective coatings for
the offshore and industrial sectors will increase by five million
liters to nearly 30 million liters annually. The expansion also enables Jotun UK to widen its product range into protective coatings for the oil and gas, energy and infrastructure sectors. The
Flixborough site is Norway-based Jotun Group’s main production hub for heavy-duty coatings.
AkzoNobel acquires coatings business of Korean
company SSCP
AkzoNobel completed its acquisition of the coatings business of
Korean SSCP. SSCP has a strong position in the Korean mobile
phone market and also supplies coatings to the wider consumer
electronics industry. The transaction was first announced on June
30 this year as part of a larger agreement with SSCP. It included
the acquisition of the German-based Schramm, of which SSCP
was a 70 percent shareholder. Schramm manufactures coatings
for plastics, metals and electrical insulation, as well as coil coatings for aluminum. The joint agreement enables AkzoNobel to
strengthen its global position in specialty plastic coatings.
ShawCor to provide corrosion protection
coatings for the Barzan pipeline project
The pipecoating division of ShawCor Ltd., Bredero Shaw, has re-
ceived a contract with a value in excess of US$45 million from
Hyundai Heavy Industries to provide corrosion protection and
concrete weight coating for the Barzan pipeline project in the
Qatari sector of the Arabian Gulf. The contract will be executed at
Bredero Shaw’s facility in Ras al Khaimah in the United Arab Emi-
rates and will involve the coating of 292 km of up to 24”
pipe with a fusion bonded epoxy anticorrosion coating
and HeviCote concrete weight coating. This facility is a
technology leader in the anticorrosion, concrete weight
and internal coating markets and provides leading-edge pipe coat-
ing solutions to clients throughout the Middle East. Work on this
project is scheduled to commence late in the first quarter of 2012.
NanoFusing LLC and Zyvex Technologies form
partnership for nano-enhanced products
Zyvex Technologies and NanoFusing LLC, a subsidiary of APV
Engineered Coatings have formed a partnership to provide nano-enhanced concentrates and products to the infrastructure markets and OEM industries.
Leveraging the nanotechnology scientific resources of Zyvex
and the manufacturing and nanotube dispersing expertise of
NanoFusing LLC, the companies will produce custom carbon
nanotube-enhanced concentrates to be implemented into materials for superior strength and performance, along with conductive, optical and lightweight properties.
The first application for this partnership is expected to be with
a large automotive supplier that produces various engine and drive
train components for many commercial vehicle manufacturers.
Nano-enhanced coatings are expected to be used to make tougher,
more fuel efficient semi-trucks and reliable engines. CW
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